Fleet Financing Resources said it has renewed its vendor program financing agreement with Wells Fargo Equipment Finance (WFEFI). Initiated in 2003, the total funded volume has exceeded $140 million. The renewal also includes a $4 million increase in the total discretionary guidance amount.

“We have extended the maturity of our credit facility with WFEFI through November of 2013 and increased the credit line from $68 million to $72 million. Of the $72 million credit line, $32 million is provided via an Ultimate Net Loss Pool facility,” said Dave Reynolds, president and chief executive officer of Fleet Financing Resources.

He added, “Over the years, Fleet Financing Resources has secured numerous vendor programs from top tier lenders and WFEFI continues to be a premier partner as a result of their outstanding performance and overall excellence.”