Elevex Capital, an independent commercial equipment finance company, secured two distinct credit facilities from lending partners Wells Fargo and Woodforest National Bank. The capital unlocks Elevex’s ability to execute on its robust pipeline of lending opportunities and positions the company for its next phase of growth.
“These facilities mark a major milestone for Elevex as we continue scaling our platform,” Jeffry Elliott, CEO of Elevex, said. “We’re proud to work with two leading financial institutions in Wells Fargo and Woodforest Bank. With their support, we are well-positioned to capitalize on our growth opportunities and further establish ourselves as a major player in the equipment lending market.”
In addition to executing its existing pipeline of lending opportunities, the new credit facilities with Wells Fargo and Woodforest Bank establish a solid foundation for future capital expansion and long-term scalability.
“These exciting financing relationships highlight the strength of Elevex’s innovative business model, ambitious growth strategy and the exceptional leadership of our management team,” Ryan Howard, managing partner of Sallyport, said.
Elevex is backed by Sallyport, a Houston-based private equity firm focused on supporting high-growth companies across a range of industries.
