AP Equipment Financing Closes $110MM Credit Line With Wells Fargo

AP Equipment Financing has closed a $110 million line of credit with the Lender Finance division of Wells Fargo Commercial Capital.

“We are very pleased to be working with Wells Fargo. This is an important step in continuing to expand the activities of AP Equipment Financing,” said Chris Enbom, CEO of AP. “We have grown from a small finance company to an entity that will fund over 3,000 small-ticket transactions worth over $200 million in 2020. We are excited about the treasury management capabilities Wells Fargo has to offer, as well as working with a large, specialized staff in Dallas, who are highly responsive to our ever-changing funding needs.”

“Wells Fargo is committed to providing AP Equipment Financing with the financial flexibility and industry expertise needed to support their strategic plan,” said Stewart Hayes, managing director in the Lender Finance Division of Wells Fargo Commercial Capital. “We look forward to being part of their continued success and helping them achieve their long-term strategy.”

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