Navitas Lease announced the closing of a three-year, $25 million senior secured credit facility with Wells Fargo Capital Finance. The facility will allow the company to execute its growth plans aimed at the small ticket equipment finance market.

Gary Shivers, CEO of Navtas Lease, said, “We are very pleased to have the support of Wells Fargo Lease Finance Group, an industry leader in lender finance. We believe that the opportunity to become the leading provider of financing for small- to medium-sized vendors and their customers is substantial. We have made a significant investment in our management team, sales force, and operating platform which has allowed us to develop a unique approach to the market, giving us a competitive edge against other lessors in the market.”

Andrea Petro, division manager of the lender finance division of Wells Fargo Capital Finance, added, “We are pleased to have established a relationship with Navitas Lease. We look forward to supporting Gary Shivers and his company’s senior management team in its plans for the successful growth of their business.”

Navitas is an independent equipment financing company headquartered in Ponte Vedra Beach, Florida. The company provides equipment financing to small- and medium-sized businesses nationally, primarily through developing referral programs with equipment vendors. Since the company began operations in September 2008 it has developed relationships with multiple sources of financing to support its growth plan.