IFC Irwin Financial Corp

MONTVALE, N.J., Nov. 16 /PRNewswire-FirstCall/ -- Irwin Franchise Capital Corporation (IFCC) was selected as the exclusive lender for Sonic Drive-In's Retrofit program. IFCC is an Irwin Commercial Finance Corporation, 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." 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 http://www.irwinfc.com/ . About Irwin Financial Irwin(R) Financial Corporation (http://www.irwinfinancial.com/ ) is a bank holding company with a history tracing to 1871. The Corporation, through its principal lines of business provides a broad range of financial services to consumers and small businesses in selected markets in the United States and Canada. About Forward-Looking Statements This press release contains forward-looking statements about IFCC's funding commitment to and expectation for the success of Sonic's retrofit program that are based on management's expectations, estimates, projections and assumptions. These statements involve inherent risks and uncertainties that are difficult to predict and are not guarantees of future performance. Actual future results may differ materially from what is projected due to a variety of factors, including, but not limited to, unforeseen difficulties in providing funding, difficulties in Sonic's implementation of its retrofit program, or an unexpected decrease in required funding by Sonic's franchisees. We undertake no obligation to update publicly any of these statements in light of future events, except as required in subsequent reports we file with the Securities and Exchange Commission. DATASOURCE: Irwin Franchise Capital Corporation CONTACT: Sharon Soltero of Irwin Franchise Capital Corporation, +1-402-562-5100; or Suzie Singer, Corporate Communications of Irwin Financial Corporation, +1-812-376-1917 Web site: http://www.irwinfc.com/ http://www.irwinfinancial.com/

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