08.01.05
Irwin Franchise Capital to Offer SBA loans

MONTVALE, NJ - Irwin Franchise Capital Corporation (IFCC), an Irwin Commercial Finance Company, announced today that it earned Small Business Administration (SBA) Express status. IFCC can now offer loans for $350,000 or less to customers under the United States Government's program. SBA Express loans are a part of the larger 7A loan program designed to encourage the growth of small businesses in the United States.

"We are very excited to add SBA Express to our product line," IFCC President John Rinaldi said. "In the past, we made loans available to tenured franchisees and had to turn away new franchisees. We now have the ability to help both." An industry leader, Irwin Franchise Capital Corporation specializes in providing financing for franchised restaurants. With 15 offices across the nation, Irwin employees assist franchisees with financing real estate, leasehold mortgages, equipment, acquisitions, remodels, conversions, partner buyouts and refinancing.

In addition to offering the SBA Express loans, IFCC can also process traditional SBA 7A loans up to $2 million. This will enable franchisees who want to secure real estate for their stores the ability to do so, Rinaldi explained. The SBA products will be administered in accordance with the federal government's guidelines.

"We now have staff in place, dedicated to our SBA business and have begun processing applications. We are one of the few in the franchised restaurant industry that can offer both SBA and conventional loans to franchisees," Rinaldi said. "Janet Rogers is well-known in SBA lending circles and is heading our effort."

For more information on IFCC's conventional or SBA products, call 877-551-3622.