Targeted Lending, a distinguished name in the equipment finance industry, recently celebrated the accomplishment of a significant milestone, securing a $50m credit facility from Wells Fargo Capital Finance.
With an illustrious history spanning over 25 years, Targeted Lending Co., LLC has consistently demonstrated its prowess in the equipment finance sector. The company is renowned for its Originator-centric approach, offering customised solutions that empower Originators with complete autonomy over their transactions. By providing a blend of commonsense credit strategies and a comprehensive toolkit, Targeted Lending has firmly established itself as an industry frontrunner.
The injection of $50m from Wells Fargo Capital Finance is set to further propel the company’s mission. Targeted Lending Co., LLC aims to utilise this capital to bolster its commitment to providing essential liquidity to small businesses. This is particularly crucial in the current economic climate, where many companies are grappling with the challenge of accessing viable lending options.
Targeted Lending Co., LLC CEO Brian Gallo said, “The relationship with Wells Fargo supports Targeted Lending’s commitment to providing crucial liquidity to small businesses, particularly at a time when companies are struggling to find lending options.”
Similarly, Stewart Hayes, Managing Director at Wells Fargo Capital Finance, shared his enthusiasm for the partnership, stating, “Wells Fargo is pleased to support Targeted Lending, a company known for its innovative approach and commitment to its clients. We look forward to building a long-term relationship with the Targeted team as they continue to help small businesses grow.”
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