Textron Financial's Finance Company Services To Lead $22 Million Revolving Credit Line for Fair Finance Company

    COLUMBUS & AKRON, Ohio--April 19, 2002--Finance Company Services ("FCS") has closed and completed the initial funding of a $22 million syndicated asset purchase program with Fair Finance Company ("Fair Finance").
    Fair Finance is a consumer lender that specializes in financing consumer installment sales contracts such as memberships in health and fitness clubs; dating clubs; resorts and campgrounds; and in-home food service plans. A division of Textron Financial Corporation, FCS is a specialized financial service company focused on meeting the needs of the middle market, independent lending community.
    Under the terms of the agreement, FCS is the lead administrative agent on the credit line and a portion was syndicated to The United National Bank & Trust Company (UnitedBank).
    Fair Finance was founded with the singular purpose of financing customers of auto dealers. It has evolved into a consumer lender serving specialized niche markets. The Company purchases contracts from business owners on a discounted basis and collects the receivables to help accelerate cash flow for its customers. Fair also provides accounts receivable management services for its borrowers as well as for other stand-alone businesses.
    Tim Durham, Fair Finance Chief Executive Officer said, "Our relationship with FCS gives Fair added flexibility to continue our growth and to provide the high service quality our customers have come to expect."
    "FCS is pleased to enter into this partnership with Fair Finance," said Mark Quinlan, President of FCS. "The Company has a strong history of smart lending. FCS looks forward to being part of Fair's continued success."

    About Fair Finance

    Fair Finance is based in Akron, Ohio with four area locations. The company began operations in 1934 as a family-owned business and still holds the name of its original founder. More information is available at http://www.fairfinancial.com./

    About Textron Financial Corporation & Finance Company Services

    Textron Financial Corporation is a diversified commercial finance company with $9.4 billion in managed receivables and twenty-three years of record earnings. Its market-aligned businesses provide lending and leasing to small and middle market companies, and financial services that include asset management, syndications, portfolio servicing, and insurance brokerage. Textron Financial also provides specialty finance for the golf, franchise, and timeshare industries. Additional information about the company is available at http://www.tfc.textron.com./

    Finance Company Services

(http://www.financecompanyservices.com/),a division of Textron Financial, is devoted exclusively to companies whose raw material is money. Finance Company Services is headquartered in Columbus, Ohio.