News Release

FOR IMMEDIATE RELEASE: AUGUST 3, 2001

American Business Capital (ABC) has announced from its corporate headquarters in Austin, Texas the expansion of its service territory to now include San Antonio beginning August 5, 2001.  ABC is a privately capitalized, non-bank, commercial lender, specializing in assisting companies with annual sales of $500,000 to 50,000,000, including startups, manufacturing, distribution, transportation, service, wholesale, and tech businesses, in addition to local, state, and federal government contractors.

Products provided by ABC include accounts receivables financing (factoring), business lines of credit, SBA loans, contract and purchase order financing, equipment leasing and financing, and inventory financing, with approval typically within seven working days.  Because the program is flexible, funds may be used to purchase equipment or inventory, make payroll, or pay off creditors.  The choice is left to the client.

Companies that choose  ABC include businesses that are rapidly growing, companies considering SBA funding, companies selling equity to raise capital,  have a limited capital base or operating history, turnaround or seasonal businesses, or businesses  that have been denied adequate bank financing.

American Business Capital is a member of the International Factoring Association and the Commercial Finance Association.  For more information, please contact Lisa A. Haenisch, CEO, toll free at (512) 891-6111, or by e-mail at info@AmericanBusinessCapital.com.