Commercial Real Estate Financing

Offer valid 07/01/2020 – 12/31/2020. For customers who select the Wells Fargo Business Card Rewards^® cash back program: To qualify for the one-time $500 cash back bonus, a total of at least $5,000 in net purchases (purchases less returns and credits, and excluding balance transfers, cash advances, SUPERCHECKS^TM and welcome check transactions, or any fees or interest posted to the account) must post to your Wells Fargo business credit card account within the first 3 months after the account opening date. The $500 cash back bonus will be posted to the account 1-2 statements after the spend requirement is met. You must remain in the cash back program for the full duration of the introductory period (3 months) in order to receive the $500 cash back bonus. If you switch or cancel rewards programs during the introductory period, you forfeit the bonus cash. Only one cash back bonus per company. This offer is not available if the business already has a Wells Fargo business credit card or had a Wells Fargo business credit card opened or closed in the immediately preceding 12 months.

Offer valid 07/01/2020 – 12/31/2020. For customers who select the Wells Fargo Business Card Rewards^® points-based rewards program: To qualify for the one-time 50,000 bonus points, a total of at least $5,000 in net purchases (purchases less returns and credits, and excluding balance transfers, cash advances, SUPERCHECKS^TM and welcome check transactions, or any fees or interest posted to the account) must post to your Wells Fargo business credit card account within the first 3 months after the account opening date. The 50,000 bonus points will be posted to the account 1–2 statements after the spend requirement is met. You must remain in the points program for the full duration of the introductory period (3 months) in order to receive the 50,000 bonus points. If you switch or cancel rewards programs during the introductory period, you forfeit the bonus points. Only one points bonus per company. This offer is not available if the business already has a Wells Fargo business credit card or had a Wells Fargo business credit card opened or closed in the immediately preceding 12 months.

There is no annual rewards program fee. If you select the Wells Fargo Business Card Rewards^® cash back program option, you will earn 1.5% on net purchases (purchases less returns and credits, and excluding balance transfers, cash advances, SUPERCHECKS^TM and welcome checks transactions or any fees or interest posted to the account) for the life of the account. Earned cash back is credited quarterly (March, June, September, and December) to your Wells Fargo business credit card account or to an eligible business checking or savings account. The cash back earned and transferred to the primary business credit card account from employee card accounts in March, June, September, and December cycles will not be credited until the next quarterly rewards distribution cycle. There is no limit to the cash back earned.

There is no annual rewards program fee. If you select the Wells Fargo Business Card Rewards^® points program option, you will earn one point for every dollar charged on net purchases (purchases less returns and credits, and excluding balance transfers, cash advances, SUPERCHECKS^TM and welcome checks transactions or any fees or interest posted to the account) for the life of the account. To qualify for the monthly spend bonus, your total company spend must be a minimum of $1,000 in net purchases in a billing cycle to earn 1,000 bonus points per billing cycle. For companies with individual billing, bonus points calculation is based on owner points earned in the current statement cycle, plus employee points earned in the previous statement cycle. The bonus maximum is 1,000 points per company per month.

A $24 redemption fee will be assessed for each airline ticket redemption, and tickets must be redeemed through our rewards service center or online at wellsfargorewards.com. Wells Fargo reserves the right to cancel, alter or temporarily suspend the program at any time without notice. Some restrictions may apply. See Wells Fargo Business Card Rewards^® Terms and Conditions for details at wellsfargorewards.com.

Offer valid 07/01/2020 – 12/31/2020. Your initial rate will be a 0% fixed interest rate for the first 9 months after account opening as long as a default does not occur under the terms of your Customer Agreement. Introductory rates will not apply to balances remaining after the end of the introductory period or to cash advances, convenience check transfers or noncheck transfers incurred at any time. You will be assigned a variable interest rate between Wells Fargo Prime + 7.99% and Wells Fargo Prime + 17.99%, depending on your personal and business credit evaluation. Rates are subject to change and may be higher or lower than the stated ranges. The interest rate that you are assigned applies to purchases after the expiration of the introductory period, unless a default occurs under the Customer Agreement and we elect to increase the rate, or we exercise our right to change the terms of the account. Balance transfer check transactions processed after the end of the introductory period will be subject to the standard rate for cash advances. The interest rate for cash advances, other convenience check transactions, and noncheck transactions incurred at any time will be Prime+20.74%, unless a default occurs under the Customer Agreement and we elect to increase the rate, or we exercise our right to change the terms of the account. Prime refers to Bank’s announced Prime Rate, which is 3.25% as of 08/16/2020. If a default occurs under the Customer Agreement, the interest rate applied to all balances may be increased by the Bank to a rate equal to Prime+24.74%, subject to a maximum rate of 29.99%. Three balance transfer welcome letter checks will be mailed to the business owner or primary cardholder for balance transfers after the account is open. There is a 4% ($10 minimum; no maximum) balance transfer fee per balance transfer check and convenience check transaction. There is a 4% of the withdrawal amount ($10 minimum; $175 maximum) fee for cash advances and noncheck transfers. The primary cardholder will be able to use the checks to pay off balances with other creditors using the available credit limit on the primary card. Checks cannot be used to pay off other Wells Fargo obligations. Payments will be applied to balances with lower introductory rates first, then to balances with standard interest rates. Therefore, the benefit of an introductory offer will be reduced if the account has existing balances or additional transactions that are subject to standard interest rates. Carrying any balance, including an introductory balance, from month to month will eliminate an interest-free grace period for purchases during that month.

Your credit limit will be in an amount between $500 and $25,000, based on the amount of funds deposited by you as security in a collateral account.

Offer valid from 07/01/2020 – 12/31/2020. For customers that select the Wells Fargo Business Elite Card Rewards^® cash back: To qualify for the one-time $1,000 cash back bonus, a total of at least $25,000 in net purchases (purchases less returns and credits, and excluding balance transfers, cash advances, or any fees or interest posted to the account) must post to your Wells Fargo Business Elite Signature Card account within the first 3 months after the account opening date. The $1,000 cash back bonus will be posted to the account 1 - 2 statements after the spend requirement is met. You must remain in the cash back program for the full duration of the introductory period (3 months) in order to receive the $1,000 cash back bonus. If you switch to the points program during the introductory period, you forfeit the cash bonus. Only one cash back bonus per company. This offer is not available if the business already has a Wells Fargo business credit card or had a Wells Fargo business credit card opened or closed in the immediately preceding 12 months.

Offer valid from 07/01/2020 – 12/31/2020. For customers that select the Wells Fargo Business Elite Card Rewards points: To qualify for the one-time 100,000 bonus points, a total of at least $25,000 in net purchases (purchases less returns and credits, and excluding balance transfers, cash advances, or any fees or interest posted to the account) must post to your Wells Fargo Business Elite Signature Card account within the first 3 months after the account opening date. The 100,000 bonus points will be posted to the account 1 – 2 statements after the spend requirement is met. You must remain in the points program for the full duration of the introductory period (3 months) in order to receive the 100,000 bonus points. If you switch to the cash back program during the introductory period, you forfeit the points bonus. Only one points bonus per company. This offer is not available if the business already has a Wells Fargo business credit card or had a Wells Fargo business credit card opened or closed in the immediately preceding 12 months.

If you select to earn Wells Fargo Business Elite Card Rewards^® cash back, you will earn 1.5% on net purchases (purchases less returns and credits, and excluding balance transfers, cash advances, or any fees or interest posted to the account) for the life of the account. Earned cash back is credited quarterly (March, June, September, and December) to your Wells Fargo Business Elite Card account or to an eligible business checking or savings account. The cash back earned and transferred to the primary Business Elite Card account from employee card accounts in March, June, September, and December cycles will not be credited until the following cycle month for companies with individual billing. There is no limit to the cash back earned.

If you select to earn Wells Fargo Business Elite Card Rewards^® points, you will earn one point for every dollar spent on net purchases (purchases less returns and credits, and excluding balance transfers, cash advances, or any fees or interest posted to the account) for the life of the account. To earn the monthly 5,000 bonus points, your total Company spend must be a minimum of $10,000 in net purchases in a billing cycle. For companies with individual billing, bonus points calculation is based on owner points earned in the current statement cycle, plus employee points earned in the previous statement cycle. Bonus maximum is 5,000 points per company per month.

A $24 redemption fee will be assessed for each airline ticket redemption, and tickets must be redeemed through our Rewards Service Center or online at wellsfargorewards.com. Wells Fargo reserves the right to cancel, alter, or temporarily suspend the Program at any time without notice. The terms of the Program are void where prohibited by law. Some restrictions may apply. See Business Elite Card Rewards Terms and Conditions for details at wellsfargorewards.com.

As of 5/26/2020, Unsecured Business Loans rates range from 6.25% to 22.99% and will be based on the specific characteristics of your credit application including, but not limited to, evaluation of credit history and amount of credit requested. The interest rate is fixed for the life of the loan. Please talk to a banker for information on the most current rates.

FastFlex Small Business Loans require an existing Wells Fargo Business Demand Deposit account for at least 12 months to qualify. We evaluate each application on its merits. All credit decisions are subject to credit approval.

Instant decision based on approvability. Some applications will result in a pending status, which requires further review before final decision is rendered.

You must access funds from the Equipment Express^® loan account within 60 days of account opening.

As of 5/26/2020, vehicle loan rates start at 4.50% based on term length, credit history, and vehicle being financed. As of 5/26/2020, equipment loan rates start at 5.00% based on term length, credit history, and equipment being financed. Rates assume automatic payment from an eligible Wells Fargo business checking account, and may be higher if the borrower fails to provide collateral, or an account default occurs.

The annual fee is waived for the first year only. The annual fee of $95 (if line amount is $10,000 – $25,000) or $175 (if line amount is more than $25,000) will be assessed on your anniversary month in subsequent years. No annual fee is charged if line amount is less than $10,000.

You may qualify for a Wells Fargo Small Business Advantage line of credit with a line from $5,000 - $50,000. Speak with a banker for more information.

Prime refers to Bank's announced Prime Rate, which is 3.25% as of 07/16/2020. The Wells Fargo Prime Rate is subject to change at any time. The overall rate assigned is variable and is expressed as Prime plus a spread. Your rate will be between Prime + 1.75% and Prime + 9.75% depending on your personal and business credit evaluation. Rates are subject to change, and may be higher or lower than the stated ranges. The interest rate that you are assigned will continue unless a default occurs under the Customer Agreement and we elect to increase the rate, or we exercise our right to change the terms of the account.

Your credit limit will be in an amount between $5,000 and $100,000, based on the amount of funds deposited by you as security in a collateral account.

Prime refers to Bank's announced Prime Rate, which is 3.25% as of 07/16/2020. The Wells Fargo Prime Rate is subject to change at any time. The overall rate assigned is variable and is expressed as Prime plus a spread. Your rate will be between Prime + 1.00% and Prime + 5.00% depending on the amount of funds deposited by you as security in a collateral account. Rates are subject to change, and may be higher or lower than the stated ranges. The interest rate that you are assigned will continue unless we exercise our right to change the terms of the account.

Terms for credit products are subject to final credit approval of the business and its owners. A physical address is required to receive a Wells Fargo business credit product. You must be an owner of this business and not already have this product. See Terms and Conditions for details at account opening.

The security interest taken will be a first priority lien on all present and future accounts receivable, inventory, equipment, general intangibles and certain other non-cash personal property owned by the applicant business, and a Uniform Commercial Code financing statement will be filed against the applicant business to perfect the security interest.

Competitive interest rates and competitive origination fee are based upon analysis of origination fees and interest rates for competing U.S. lenders as compiled by an independent third-party research firm on a quarterly basis.

The Prime Line of Credit has a term of 1 year, but may be renewed annually, subject to credit approval.

If environmental insurance or an environmental assessment is required, you will be responsible for this one-time fee. You will be responsible for any mortgage or deed of trust filing fee imposed by a state or other taxing authority. You will be responsible for all title and escrow fees and costs, including all title-related closing or attorney fees and costs.

You will need to pay a deposit of up to $1,000 when accepting the conditional approval terms of any loan. The deposit is nonrefundable if the loan transaction does not close for any reason. However, if the loan transaction does close, the deposit will be applied to any applicable fees due at closing, and if there is any unused portion of the deposit, it will be returned or credited to you after closing. For purchase loans, the customer will need to provide proof of funds for the required down payment. All financing is subject to credit approval.

Your rate locks upon receipt of a completed application and underwriting package. If your loan does not close within 90 days, you may be subject to current rates.

Loans for the purchase of investor commercial real estate are available only to established Wells Fargo customers. An established Wells Fargo customer is either (i) a borrower who has a Wells Fargo business checking or savings account that has been open for a minimum of six months at the time of the applicable credit application, or (ii) a borrower or guarantor who is a Wells Fargo consumer banking customer with $2 million in deposits and/or Wells Fargo investments under management at the time of the applicable credit application. Alternatively, a borrower or guarantor who has (i) a Wells Fargo consumer checking or savings account, that has been open for a minimum of two years at the time of the applicable credit application, and (ii) two years of commercial real estate investor experience with like property, will also satisfy the established Wells Fargo customer requirement. All accounts must be in good standing.

Based upon analysis of application, appraisal and origination fees, and interest rates, for competing U.S. lenders as compiled by an independent third party research firm on a quarterly basis.

We'll match or beat a competing offer (rate and fee combination), when a competitor's formal written approval is provided to us, or pay you $200. Terms and conditions apply.

You will need to pay a deposit of up to $1,000 when accepting the conditional approval terms of any loan. The deposit is nonrefundable if the loan transaction does not close for any reason. However, if the loan transaction does close, the deposit will be applied to any applicable fees due at closing, and if there is any unused portion of the deposit, it will be returned or credited to you after closing. For purchase loans, the customer will need to provide proof of funds for the required down payment. All financing is subject to credit approval.

If environmental insurance or an environmental assessment is required, you will be responsible for this one-time fee. You will be responsible for any mortgage or deed of trust filing fee imposed by a state or other taxing authority. Wells Fargo Bank will pay title policy costs, but you will be responsible for all other title-related closing or attorney fees and costs.

Cash-out in connection with refinance loans are available only to established Wells Fargo customers, and only for the refinancing of a Wells Fargo existing mortgage secured by their owner-occupied property. An established Wells Fargo customer is either (i) a borrower who has a Wells Fargo business checking or savings account that has been open for a minimum of six months at the time of the applicable credit application, or (ii) a borrower or guarantor who is Wells Fargo consumer banking customer with $2 million in deposits and/or Wells Fargo investments under management at the time of the applicable credit application. All accounts must be in good standing.

Equity loans are available only to established Wells Fargo customers, and only for their owner-occupied property. An established Wells Fargo customer is either (i) a borrower who has a Wells Fargo business checking or savings account that has been open for a minimum of six months at the time of the applicable credit application, or (ii) a borrower or guarantor who is a Wells Fargo consumer banking customer with $2 million in deposits and/or Wells Fargo investments under management at the time of the applicable credit application. All accounts must be in good standing.

Second lien loans and lines are only available behind a Wells Fargo Bank first mortgage for established Wells Fargo business checking or savings account customers. Commercial condo and special purpose properties are not eligible for second lien loans or lines.

Equity lines of credit are available only to established Wells Fargo customers, and only for their owner-occupied property. An established Wells Fargo customer is either (i) a borrower who has a Wells Fargo business checking or savings account that has been open for a minimum of six months at the time of the applicable credit application, or (ii) a borrower or guarantor who is a Wells Fargo consumer banking customer with $2 million in deposits and/or Wells Fargo investments under management at the time of the applicable credit application. All accounts must be in good standing.

You will need to pay a deposit of up to $1,000 when accepting the conditional approval terms of any line of credit. The deposit is nonrefundable if the line of credit transaction does not close for any reason. However, if the line of credit transaction does close, the deposit will be applied to any applicable fees due at closing, and if there is any unused portion of the deposit, it will be returned or credited to you after closing. All financing is subject to credit approval.