The Retail Finance Group of GMAC Commercial Finance announced the closing of a long-term $20 million senior secured credit facility to provide ongoing working capital needs to The Athlete’s Foot Stores, LLC. According to the group’s senior managing director, Andrew H. Moser, “We are pleased to provide this new facility and to work with a management team who is among the most knowledgeable and well respected in the industry”.

Founded in 1971, The Athlete’s Foot Stores, LLC is headquartered in Kennesaw, Georgia and operates 132 retail stores in the U.S. and Canada. In addition, The Athlete’s Foot brand is represented in more than 600 franchise stores in over 40 countries.

“Added flexibility including franchise financing and global reach, plus knowledge of the retail industry are key components of The Athlete’s Foot’s partnership with GMAC,” says Robert J. Corliss, president and CEO of The Athlete’s Foot.