Daily News: January 8, 2015

Wells Fargo Provides Quest Credit Line

Quest Solution secured an $8 million revolver from Wells Fargo Bank.

“We are pleased to confirm that Wells Fargo, the 4th largest bank in the United States, as our lending partner as we execute the expansion strategy of our business model in core verticals and new markets,” stated Jason Griffith, CEO, Quest Solution. “Wells Fargo completed a significant due diligence process on the Company and agreed to provide up to $8 million in a revolving line of credit with a three-year commitment to the relationship.”

“We are excited about our new relationship with Quest Solution and BCS and pleased to be able to provide pivotal financing for their business growth,” stated Steve Ogus, SVP, loan originations, Wells Fargo Capital Finance. “The entire company and its strong management team were helpful in making our due diligence process seamless and we look forward to supporting the company in their future business endeavors.”

Quest Solution is a provider in technology, software and mobile data collection systems businesses.