FRANCHISE MORTGAGE ACCEPTANCE CO
S-1MEF, 1997-11-19
MORTGAGE BANKERS & LOAN CORRESPONDENTS
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<PAGE>
 
   AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON NOVEMBER 19, 1997
                                                      REGISTRATION NO. 333-
 
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
 
                               ----------------
                                    FORM S-1
                             REGISTRATION STATEMENT
                                     UNDER
                           THE SECURITIES ACT OF 1933
                               ----------------
                     FRANCHISE MORTGAGE ACCEPTANCE COMPANY
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
                               ----------------
<TABLE>
 <S>                            <C>                           <C>
           DELAWARE                           6162                        95-4649104
(STATE OR OTHER JURISDICTION OF    (PRIMARY STANDARD INDUSTRIAL        (I.R.S. EMPLOYER
INCORPORATION OR ORGANIZATION)     CLASSIFICATION CODE NUMBER)       IDENTIFICATION NUMBER)
</TABLE>
 
                       2049 CENTURY PARK EAST, SUITE 350
                         LOS ANGELES, CALIFORNIA 90067
                                 (310) 229-2600
  (ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER, INCLUDING AREA CODE, OF
                   REGISTRANT'S PRINCIPAL EXECUTIVE OFFICES)
 
                               ----------------
                                 WAYNE L. KNYAL
                     PRESIDENT AND CHIEF EXECUTIVE OFFICER
                     FRANCHISE MORTGAGE ACCEPTANCE COMPANY
                       2049 CENTURY PARK EAST, SUITE 350
                         LOS ANGELES, CALIFORNIA 90067
                                 (310) 229-2600
 (NAME, ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER, INCLUDING AREA CODE,
                             OF AGENT FOR SERVICE)
 
                               ----------------
 
                                   COPIES TO:
       THOMAS J. POLETTI, ESQ.                    TODD H. BAKER, ESQ.
        SUSAN B. KALMAN, ESQ.                 GIBSON, DUNN & CRUTCHER LLP
        DARREN O. BIGBY, ESQ.              ONE MONTGOMERY STREET, SUITE 3100
 FRESHMAN, MARANTZ, ORLANSKI, COOPER     SAN FRANCISCO, CALIFORNIA 94104-4505
               & KLEIN                         TELEPHONE (415) 393-8200
 9100 WILSHIRE BOULEVARD, 8TH FLOOR            FACSIMILE (415) 986-5309
                EAST
   BEVERLY HILLS, CALIFORNIA 90212
      TELEPHONE (310) 273-1870
      FACSIMILE (310) 274-8357
 
  APPROXIMATE DATE OF COMMENCEMENT OF PROPOSED SALE TO THE PUBLIC: As soon as
practicable after the effective date of this Registration Statement.
 
  If any of the securities being registered on this Form are to be offered on a
delayed or continuous basis pursuant to Rule 415 under the Securities Act of
1933, check the following box: [_]
 
  If this Form is filed to register additional securities for an offering
pursuant to Rule 462(b) under the Securities Act, please check the following
box and list the Securities Act registration number of the earlier effective
registration statement for the same offering. [X] 333-34481
 
  If this Form is a post-effective amendment filed pursuant to Rule 462(c)
under the Securities Act, please check the following box and list the
Securities Act registration statement number of the earlier effective
registration statement for the same offering. [_]
 
  If delivery of the prospectus is expected to be made pursuant to Rule 434,
please check the following box. [_]
 
                        CALCULATION OF REGISTRATION FEE
<TABLE>
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<CAPTION>
                                                          PROPOSED
                                             PROPOSED      MAXIMUM
                                             MAXIMUM      AGGREGATE   AMOUNT OF
 TITLE OF EACH CLASS OF    AMOUNT TO BE   OFFERING PRICE  OFFERING   REGISTRATION
 SECURITIES REGISTERED    REGISTERED(1)    PER SHARE(2)   PRICE(2)       FEE
- ---------------------------------------------------------------------------------
<S>                      <C>              <C>            <C>         <C>
Common Stock, $.001 par
 value................   1,437,500 shares     $18.00     $25,875,000    $7,841
- ---------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------
</TABLE>
(1) Includes 187,500 shares which the Underwriters have the option to purchase
    to cover over-allotments, if any.
 
(2) Estimated solely for the purpose of calculating the registration fee in
    accordance with Rule 457(a) under the Securities Act of 1933.
 
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
<PAGE>
 
                               EXPLANATORY NOTE
 
  This Registration Statement is being filed pursuant to Rule 462(b) under the
Securities Act of 1933, as amended. The contents of the Registration Statement
on Form S-1 (Reg. No. 333-34481) filed by Franchise Mortgage Acceptance
Company (the "Company") with the Securities and Exchange Commission on
August 27, 1997, as amended, including the exhibits thereto, and declared
effective by the Commission on November 12, 1997 are incorporated herein by
reference.
 
                                       1
<PAGE>
 
                                  SIGNATURES
 
  Pursuant to the requirements of the Securities Act of 1933, as amended, the
Registrant certifies that it has reasonable grounds to believe that it meets
all of the requirements for filing on Form S-1 and has duly caused this
Registration Statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of Los Angeles, State of California, on
the 18th day of November, 1997.
 
                                          FRANCHISE MORTGAGE ACCEPTANCE
                                           COMPANY
 
                                          By /s/ Wayne L. Knyal
                                          _____________________________________
                                                     Wayne L. Knyal,
                                           President, Chief Executive Officer
                                              (Principal Executive Officer)
 
  PURSUANT TO THE REQUIREMENTS OF THE SECURITIES ACT OF 1933, THIS
REGISTRATION STATEMENT HAS BEEN SIGNED BY THE FOLLOWING PERSONS IN THE
CAPACITY INDICATED ON NOVEMBER 18, 1997.
 
<TABLE>
<CAPTION>
                 SIGNATURE                              TITLE
                 ---------                              -----
<S>                                         <C>                           <C>
/s/ Wayne L. Knyal                          President, Chief Executive
___________________________________________ Officer and Director
   Wayne L. Knyal                           (Principal Executive
                                            Officer)

   *                                        Chief Financial Officer
___________________________________________ Executive Vice President
   Raedelle Walker                          (Principal Accounting
                                            Officer)

   *                                        Director
___________________________________________
   H. Wayne Snavely

   *                                        Director
___________________________________________
   G. Louis Graziadio, III

   *                                        Director
___________________________________________
   Perry A. Lerner

   *                                        Director
___________________________________________
   Michael L. Matkins

   *                                        Director
___________________________________________
   Ronald V. Davis

   *                                        Director
___________________________________________
   John E. Martin

   *                                        Director
___________________________________________
   Richard J. Loughlin
</TABLE>
 
*By /s/ Wayne L. Knyal
_____________________________________
           Wayne L. Knyal,
          Attorney-in-fact
 
                                       2
<PAGE>
 
                                 EXHIBIT INDEX
 
<TABLE>
<CAPTION>
 EXHIBIT
 NUMBER                         DESCRIPTION OF EXHIBIT
 -------                        ----------------------
 <C>     <S>
   5.1   Opinion of Freshman, Marantz, Orlanski, Cooper & Klein
  23.1   Consent of KPMG Peat Marwick LLP regarding Registrant
         Consent of Freshman, Marantz, Orlanski, Cooper & Klein (contained in
  23.2   Exhibit 5.1)
  24.1   Power of Attorney (incorporated by reference to the Registrant's
         Registration Statement on Form S-1 (Reg. No. 333-34481))
</TABLE>
 
                                       3

<PAGE>
 
         [LETTERHEAD OF FRESHMAN, MARANTZ, ORLANSKI, COOPER & KLEIN] 

                               November 19, 1997

                                                                     EXHIBIT 5.1

Franchise Mortgage Acceptance Company
2049 Century Park East, Suite 350
Los Angeles, CA  90067

          Re:  REGISTRATION STATEMENT ON FORM S-1
               1,437,500 ADDITIONAL SHARES OF COMMON STOCK

Ladies and Gentlemen:

We are counsel to Franchise Mortgage Acceptance Company (the "Company") in
connection with registration under the Securities Act of 1933, as amended (the
"Securities Act"), pursuant to a registration statement on Form S-1 (the "462(b)
Registration Statement") filed with the Securities and Exchange Commission (the
"Commission") pursuant to Rule 462(b) promulgated under the Securities Act and
relating to the registration under the Securities Act of an additional 1,437,500
shares of the Company's common stock, $.001 par value (the "Additional Shares").
The 462(b) Registration Statement to be used for the offer and sale of the
Additional Shares is filed with the Commission in connection with the proposed
public offering described in the Registration Statement on Form S-1
(Registration No. 333-34481) filed with the Commission on August 27, 1997, as
amended, which was declared effective by the Commission on November 12, 1997.

We are familiar with the proceedings taken by the Company in connection with the
authorization of the Additional Shares.  We have examined such documents,
records and matters of law as we have deemed necessary for purposes of this
opinion.  In our examination, we have assumed the genuineness of all signatures,
the legal capacity of all natural persons, the authenticity of all documents
submitted to us as originals, the conformity to original documents of all
documents submitted to us as certified or photostatic copies, and the
authenticity of the originals of such copies.

Based upon the foregoing, we are of the opinion that the Additional Shares will
be, when the 462(b) Registration Statement becomes effective and the Additional
Shares are sold, issued and delivered as described in the 462(b) Registration
Statement, legally issued, fully paid and non-assessable.

We consent to the filing of this opinion as an exhibit to the 462(b)
Registration Statement and to the reference to us under the caption "LEGAL
MATTERS" in the prospectus comprising a part of the 462(b) Registration
Statement.
<PAGE>
 
November 19, 1997
Page 2


This opinion is rendered for the purposes of Item 16 of Form S-1 and Item 601 of
Regulation S-K, and may be relied upon only by you and the Commission and may
not be used, quoted or referred to and/or filed for any other purpose without
our prior written permission.

                                        Very truly yours,


                                        /s/ FRESHMAN, MARANTZ, ORLANSKI,
                                                    COOPER & KLEIN

                                        FRESHMAN, MARANTZ, ORLANSKI,
                                                COOPER & KLEIN

<PAGE>
 
                                                                    EXHIBIT 23.1

                        CONSENT OF INDEPENDENT AUDITORS

The Managers
Franchise Mortgage Acceptance Company LLC:

We consent to the use of our report included herein and to the reference to our
Firm under the heading "Selected Financial Data" and "Experts" in the
Prospectus.



                                    KPMG PEAT MARWICK LLP

Los Angeles, California
November 18, 1997


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