05.26.06
IFCC Enters the Professional Practice Acquisition Finance Arena

MONTVALE, NJ - Effective immediately Irwin Franchise Capital Corporation (IFCC), a subsidiary of Irwin Union Bank and Trust, announced its entry into the Professional Practice Acquisition Finance (PPAF) arena.

"Similar to our highly successful core franchise lending business, we believe our PPAF business provides attractive investment characteristics while allowing us to diversify our business interests and loan offerings," President John Rinaldi said. "Professional practices such as dental, veterinary and optometry practices continuously trade hands in the marketplace, and we believe this trend may accelerate in conjunction with the aging of Baby Boomer professionals."

IFCC's entry into this business is led by long-time industry veteran Howard Boles who has assembled a team in Columbus, Ohio. According to Rinaldi, "Howard's expertise in originating, structuring and closing these deals in a timely manner provide us with a significant competitive advantage in the marketplace."

Loans will range from small to large and are available in both Conventional and Small Business Administration-backed forms.

An industry leader with 15 offices across the nation, IFCC specializes in providing creative financing solutions to borrowers including real estate, equipment, leasehold, acquisition, remodel, conversion, partner buyout and refinancing.

Boles can be reached at 614-847-3715 or howard.boles@irwincf.com.