Equipment finance company Targeted Lending closed a $50 million credit facility with Wells Fargo Capital Finance.
“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,” Brian Gallo, CEO of Targeted Lending, said.
“Wells Fargo is pleased to support Targeted Lending, a company known for its innovative approach and commitment to its clients,” Stewart Hayes, managing director at Wells Fargo Capital Finance, said. “We look forward to building a long-term relationship with the Targeted team as they continue to help small businesses grow.”
The team at Targeted Lending been tailoring solutions for the equipment finance industry for more than 25 years.
“We appreciate the expert knowledge and financing structures that Wells Fargo has provided, marking a significant milestone for Targeted Lending Co., LLC, reinforcing its position as a key player in the equipment finance sector,” Michael Philbin, CFO of Targeted Lending, said.
