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SCHEDULE 13G
(RULE 13d-102)
Information to be Included in Statements Filed Pursuant to Rule 13d-1(b), (c)
and (d) and Amendments Thereto Filed Pursuant to Rule 13d-2.
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ___________)*
Restaurant Teams International, Inc.
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(Name of Issuer)
Common Stock, par value $0.01
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(Title of Class of Securities)
761265-107
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(CUSIP Number)
February 24, 2000
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(Date of Event Which Requires Filing
Check the Appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act, but shall be subject to all other provisions of the Act (however, see
the Notes).
Page 1 of 5 Pages
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CUSIP NO. 761265-107 13G PAGE ___ OF ___ PAGES
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1 Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(Entities Only)
Oxford Commercial Funding LLC ("Oxford") (FEIN# 36-4141409)
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2 Check the Appropriate Box if a Member of a Group (a) [ ]
(See Instructions) (b) [ ]
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3 SEC Use Only
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4 Citizenship or Place of Organization
Oxford is an Illinois limited liability company.
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5. SOLE VOTING POWER
150,000
NUMBER OF -----------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY 653,500
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OWNED BY EACH
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON WITH 150,000
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8. SHARED DISPOSITIVE POWER
653,500
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
803,500
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
Not Applicable
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.69%
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12. TYPE OF REPORTING PERSON
OO
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Page 2 of 5 Pages
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ITEM 1(A). NAME OF ISSUER
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Restaurant Teams International, Inc. ("RTIN"), incorporated under the
laws of the State of Texas.
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
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1705 E. Whaley
Longview, Texas 75605
ITEM 2(A). NAME OF PERSON FILING
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Oxford Commercial Funding LLC
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE
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676 N. Michigan Avenue
Suite 3000
Chicago, Illinois 60611
ITEM 2(C). CITIZENSHIP
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Oxford is an Illinois limited liability company.
ITEM 2(D). TITLE OF CLASS OF SECURITIES
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RTIN Common Stock, $0.01 par value per share ("Common Stock").
ITEM 2(E). CUSIP NUMBER
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761265-107
ITEM 3. THE REPORTING PERSON:
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Not applicable.
Page 3 of 5 Pages
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ITEM 4. OWNERSHIP
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Beneficial Ownership:
(A) Amount beneficially owned: 803,500 shares(1)
(B) Percent of Class: 7.69%
(C) Number of shares as to which such person has:
(I) Sole power to vote or to direct the vote
150,000 shares issuable immediately upon
exercise of warrants
(II) Shared power to vote or to direct the vote
653,500 shares
(III) Sole power to dispose or to direct the disposition
150,000 shares
(IV) Shared power to dispose or to direct the disposition
653,500 shares
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
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Not applicable.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
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Not applicable.
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(1) The shares listed as beneficially owned by Oxford include: (a)
warrants immediately exercisable for 150,000 shares of Common Stock; (b) 403,500
shares of Common Stock held in escrow as security for a loan to RTIN (the
"Loan"), which is held by Oxford and which is in default; and (c) 250,000 shares
of Common Stock which were pledged as security pursuant to a guarantee of
certain shareholders of RTIN of the Loan, which guaranty is in default. The
filing of this Schedule 13G, however, does not constitute, and shall not be
construed as, an admission that Oxford, for the purposes of Section 13(d) or
13(g) of the Act, is the beneficial owner of any securities covered by this
Statement.
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ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
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SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
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Not applicable
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
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Not applicable
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
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Not applicable
ITEM 10. CERTIFICATION
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By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
February 25, 2000
Oxford Commercial Funding LLC
By: /s/ Frank D. Zaffere
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Name: Frank D. Zaffere
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Title: Secretary
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