Press Releases

July 31, 2008
Petroleum & Franchise Capital to Provide Dealer Loan Program
to BP ampm Franchisees

Contact: Stanley A. Moskowitz

Danbury, CT—July 31, 2008. Petroleum & Franchise Capital is pleased to announce the recent completion of a multi-year, nine-figure Dealer Loan Program Agreement with BP Products North America, Inc. to provide financing to a network of BP and Arco ampm branded retail gasoline franchisee dealers to acquire, construct, and redevelop dealer owned or leased retail locations operating under the BP brand or ARCO ampm brand.

Petroleum & Franchise Capital, a specialty commercial finance lender, has been offering a premier array of long term fixed rate financing products to experienced national and regional retail petroleum operators for new site development or acquisition, remodeling and construction financing for over a decade.

Stanley A. Moskowitz, President & CEO of Petroleum & Franchise Capital, stated, “Despite the ongoing turmoil in the capital markets and more specifically within the convenience and gas industry, we are delighted to provide experienced operators with the opportunity to expand their network or acquire the very sites they may have been operating for years. Our lenders have continued to demonstrate their confidence in our ability to originate, process, document, fund and service a quality portfolio and BP and Arco operators complement that strategy well.”