WELLS FARGOS AMERICAN COMMERCIAL CAPITAL PROVIDES FINANCING TO POSADOS CAFÉ, INC.

American Commercial Capital provides financing to Posados Cafe restaurant company to refinance debt and aid with the construction of new restaurants.

SAN DIEGO (PRWEB) July 19, 2003 -- American Commercial Capital announced today that it has provided a $13 million floating rate facility to Posados Café, Inc., owners of the Posados Café Mexican casual dining brand. The funds will be used to refinance existing debt and help with new unit construction.

Founded in 1986, Posados Café restaurants offer freshly prepared traditional Tex Mex" style Mexican food as well as American food items. The Posados locations are known for quality menu offerings and generous portions at moderate prices. The company is based in Tyler, Texas, and has 13 restaurants located throughout Texas, Louisiana, and Oklahoma.

According to John Shrewsberry of American Commercial Capital, Posados is a well-run regional chain offering value, cleanliness, good food and good service. Were happy to work with them to make sure they reach their current and future business goals."

Our thanks go out to ACC," stated Andrew Gugar Jr., CEO and owner of Posados Café, Inc. They used their restaurant finance expertise and got us exactly what we needed. I was definitely impressed by how quickly it all came together, too."

American Commercial Capital (accapital.com) is a Wells Fargo Capital Markets Business providing capital to owners of multi-unit branded retail businesses in the restaurant and convenience store, travel plaza, and auto service industries.    

Wells Fargo & Company (NYSE: WFC) is a diversified financial services company with $370 billion in assets, providing banking, insurance, investments, mortgage and consumer finance from more than 5,800 stores and the Internet (wellsfargo.com) across North America and elsewhere internationally.

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