12.29.06
SBA Grants Preferred Lender Status to Irwin Franchise Capital Corporation

MONTVALE, NJ - The United States Small Business Administration (SBA) recently granted Preferred Lender Program (PLP) status to Irwin Franchise Capital Corporation (IFCC). As a preferred lender, IFCC is authorized to make SBA loans in every state throughout the country with SBA's most expedient application and approval process.

"For more than a year, we've successfully made loans under the SBA Express program. This new designation expands our ability to help new or smaller commercial customers grow their businesses," explained John Rinaldi, President of IFCC.

SBA terms in the areas of length of loan term and financeable costs are supportive of emerging companies. Applicants can borrow up to $2 million under the SBA program and proceeds can be used for real estate, leasehold improvements, equipment (FF&E), partnership buyout, refinancing, business acquisition, soft costs and working capital.

"The ability to make SBA loans in addition to our already successful conventional loan program further strengthens our position as a premier specialty lender in the country," Rinaldi said.

An industry leader, Irwin Franchise Capital Corporation is a subsidiary of Irwin Commercial Finance, an Irwin Financial Corporation company. IFCC specializes in providing conventional and SBA financing for franchised restaurants and professional practices nationwide. Irwin employees assist clients with financing construction, real estate, equipment, acquisitions, remodels, conversions, recapitalizations and refinancing.