ElmBlue Equipment Finance, a growing provider of commercial equipment financing solutions, secured a $125 million senior credit facility from Wells Fargo Bank. The new facility provides ElmBlue with additional lending capacity to support its nationwide growth and fund an expanding portfolio of equipment-finance transactions.
“This relationship with Wells Fargo is an important milestone for ElmBlue,” Nick Demers, chief financial officer of ElmBlue Equipment Finance, said. “It strengthens our capital foundation and supports our vision to build the most efficient, data-driven equipment-finance company in the industry. With this facility, we can continue to scale responsibly while investing in technology and AI-powered systems that enhance speed, transparency, and credit-decisioning for our customers and vendor partners.”
Stewart Hayes, managing director at Wells Fargo Capital Finance, said, “We are pleased to support ElmBlue Equipment Finance with a credit facility to grow their platform and continue to deliver solutions for their customers.”
