Wells Fargo Capital Finance

What is Wells Fargo Capital Finance?

Wells Fargo Capital Finance, formerly known as Wells Fargo Foothill, is a division that specializes in providing comprehensive asset-based lending to a wide range of companies throughout the United States. They focus on providing senior secured financing to middle-market companies with lending services that include revolving lines of credit secured by accounts receivable and inventory, as well as term loans based on fixed assets or various other assets. Additionally, they cater to the financing needs of specialty commercial finance companies across different lending segments, offering flexible asset-based lending solutions to single- and multi-channel retailers.

Their product offerings extend to the vacation ownership industry with tailored senior secured financing options.

Wells Fargo Capital Finance stands out by offering factoring and trade finance, particularly serving the needs of importers, manufacturers, and distributors that target the retail sector.

As an asset-based lender, their approach involves calculating loans based on a company's underlying resources such as accounts receivables, inventory, real estate, recurring revenue streams, and other non-traditional business assets which allows for more customized and flexible financing solutions.

Established in 1971, the firm, headquartered in Santa Monica, California, has evolved as a subsidiary of the much larger financial institution, Wells Fargo & Company.

They offer investment with a minimum of $10,000,000 and can go up to a maximum of $150,000,000, focusing on partnerships that align with their extensive experience in asset-based lending and financial services.