10.02.06
MONTVALE, NJ Irwin Franchise Capital Exclusive Lender for Sonic Retrofits

Irwin Franchise Capital Corporation (IFCC) was selected as the exclusive lender for Sonic Drive-In's Retrofit program. IFCC is an Irwin Commercial Finance company, a subsidiary of Irwin Financial Corporation (NYSE: IFC).

All Sonic franchisees with stores built prior to 2002 are required to update their restaurants by 2010. IFCC is offering a competitive financing program and has committed an initial $50 million in financing for franchisees.

"The Sonic system is filled with smart, successful franchisees," explained IFCC President John Rinaldi. "We've worked with them for many years, and expect that this new retrofit will contribute to its 20-year track record of increased same-store sales."

An industry leader, Irwin Franchise Capital Corporation specializes in providing conventional and SBA 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. For more information about IFCC, visit www.irwinfc.com.