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Revision History For: FMAX (Franchise Mortgage Acceptance)

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Franchise Mortgage Acceptance Company is a specialty commercial finance company engaged in the business of originating and servicing loans and equipment leases to small businesses, with a primary focus on established national and regional franchise concepts. For the nine months ended 9/30/97, total revenues increased from $15.6 million to $45.3 million. Pro-forma net income increased from $4.1 million to $16.6 million. Results benefitted from increased gains on the sale of loans.

Sounds good to me...presently has an ROE of 125%