Central Financial Acceptance Corp. announces revolving loan agreement

Business Wire, June 18, 1997

COMMERCE, Calif.--(BUSINESS WIRE)--June 18, 1997--Central Financial Acceptance Corp. (NASDAQ:CFAC) has announced that it has entered into a revolving loan agreement with a group of banks and Wells Fargo Bank, National Associations, as agent, which will provide the company with a $100 million line of credit.

The new line of credit replaces two previous credit facilities: a $50 million line of credit provided by Wells Fargo, and a $60 million line of credit provided by several banks with Bank of America National Trust and Savings Association as agent.

Central Financial Acceptance is a specialized consumer finance company that primarily serves the financing needs of the rapidly growing low-income Hispanic population.

CONTACT: Central Financial Acceptance Corp., Commerce

Gary Cypres/Carol Covert, 213/720-8608