Online application for small business loan

Business Editors/Banking Writers

WASHINGTON--(BUSINESS WIRE)--Oct. 10, 2000

Small businesses looking for loans can now turn to the Internet to get immediate answers to their loan requests at AlliedCapitalExpress.com.

Allied Capital Express is the small business lending division of Allied Capital Corporation (Nasdaq: ALLC).

The new online application targets small businesses looking to borrow from $250,000 to $3 million, or up to $10 million for qualifying businesses in rural communities under the Business and Industry Guaranteed Loan Program.

The Allied Capital Express loan application goes further than the standard online loan application by generating a customized term sheet for borrowers. After providing key information, qualifying entrepreneurs immediately receive a response based on the company's digitized rules-based underwriting criteria.

The application makes it easy for small business owners to apply for loans online, and enables them to get real-time answers about their loan requests.

Unlike many other online loan application sites, Allied Capital Express doesn't rely on any one factor, such as a credit report, to make a decision but rather considers more than 100 factors in determining the overall credit decision and loan product offered to the entrepreneur.

"The digitizied loan application is a natural extension of our rules-based underwriting criteria that we have perfected over the last forty years. The application consistently applies our specific business rules and credit analysis to all loans entering our loan origination pipeline and is expected to greatly enhance our access to qualified small businesses nationwide," stated Bill Walton, Chairman and CEO.

About Allied Capital Express

Allied Capital Express, the small business lending division of Allied Capital Corporation (Nasdaq: ALLC), offers small business loans from $250,000 to $3 million to businesses in a variety of industries including: hotels, motels, gas stations, convenience stores, car washes, restaurants, child care centers, assisted living centers, retailers and manufacturers.

Entrepreneurs use our small business loans to purchase real estate, machinery and equipment, or an operating business, for construction or renovation of the existing property, to refinance debt, or for additional working capital. Allied Capital Express is the oldest non-bank participant in the SBA 7(a) guaranteed loan program.

Allied Capital Corporation manages over $1.5 billion in total assets, employs over 140 professionals and is headquartered in Washington, DC, and has 12 regional offices nationwide.

For more information, please contact Tricia Daniels, EVP, E-commerce at 202/973-6341 or email to tdaniels@alliedcapital.com.