Fleet Financing Renews Vendor Program Agreement with Wells Fargo EF
MAR 27, 2018 - 6:20 am
Fleet Financing Resources renewed its vendor partnership with Wells Fargo Equipment Finance (WFEFI). The vendor program financing agreement includes a $105 million credit facility with $45 million of the total provided via a combination of ultimate net loss and recourse pools.
The valued vendor program, initiated in 2003, has funded nearly $300 million in titled transportation equipment ranging from new and used buses of all sizes, school transportation, vocational trucks and all livery related vehicles.
“Once again, we say thank-you to Wells Fargo Equipment Finance for their renewed and continued 16-year confidence in Fleet Financing Resources,” said Dave Reynolds, president and CEO of Fleet Financing Resources. “In both good times and challenged, they have remained firm in their commitment to maintain a successful partnership with Fleet Financing Resources.”
Fleet Financing Resources is a California-based commercial lender serving more than 4,300 fleet operator customers nationwide.
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