Preferred Capital BIDCO, Inc. Announces Two Restaurant Transactions
WILMINGTON, Del. – October 07, 2007 – Preferred Capital BIDCO, Inc., one of the mid-Atlantic region’s top U.S. Small Business Administration (SBA) lenders, recently announced the funding of two restaurant transactions; a Dunkin Donuts and The Palace at the Ben.

Preferred Capital has funded another start-up Dunkin Donuts franchise location on Pratt Street in Baltimore, MD for the amount of $720,000. This location was acquired by Dunkin Brands and consequently remodeled to fits Dunkin’s new brand image prior to its sale of the franchise location. Mr. Pinghapani stated, “We needed to get this transaction funded in less than 30 days once Dunkin Brands turned it over to us.” “We appreciated the fact that Preferred Capital understood our needs and the Dunkin Donuts franchise concept. This is our fifth Dunkin Donuts location that we have financed with Preferred Capital.”

Additionally, Preferred Capital provided $1.1 million for leasehold improvements, furniture and fixtures as well as working capital for The Palace at the Ben (www.thepalaceattheben.com), the fourth location of the highly regarded Asian Indian series of Palace of Asia (www.palace-of-asia.com) restaurants. The Palace at the Ben is located at 9th and Chestnut Streets in the heart of Philadelphia’s fast growing and hip “old city” section. The restaurant itself is located in the lobby of the historic architectural masterpiece of famed Horace Trumbauer’s (a prominent architect of the gilded age) Ben Franklin House (known by many Philadelphians as “the Ben”). The Ben Franklin House was built in 1925 as a grand hotel and was converted to upscale apartments in 1985. “Although we own and operate other restaurant locations of a similar concept, it is never easy to find a willing lender to provide you with $1 million plus for a start-up restaurant,” stated Mr. Nick Manshaw. “Preferred Capital was a pleasure to work with again, as they have financed our Delaware location, and fully understand the special nature of our improvements and restaurant concept. Preferred Capital’s entire team really preformed delightfully in getting this financing done for us.”

“With these two transactions we once again show our commitment to lending to the restaurant industry, as well as show our ability to handle diverse and complex restaurant loans,” said Rocco Perate, President and CEO of Preferred Capital.

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