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Wells Fargo Prime Line of Credit

Wells Fargo Prime Line of Credit details
  • $100,000 to $500,000 revolving credit line
  • Interest-only payments
  • Secured by business assets
  • Typically businesses with $2-5 million in annual sales

Great For

  • Short-term working capital expenditures
  • Large purchases
  • Making bulk purchases for pricing advantages

Other Features

  • Competitive prime-based rates
  • Unlimited access, up to line limit, during one-year draw period
  • Renewable annually

Eligible collateral

  • Secured by business assets (non-real estate); accounts receivable, inventory, equipment, or cash.

Fees

  • Competitive origination fee; 0.50% of the line amount, due at opening
Call us at 1-844-807-5060 Mon – Fri: 6:00am – 6:00pm PT