Sign On
- Available to customers with an established Wells Fargo business checking or savings account, for their owner-occupied property
- $50,000 to $500,000 credit line
- No escrow, title policy, or appraisal fees
- 1% origination fee, due at closing
- Low closing costs and competitive rates
Great For
- Funding property improvements
- Purchasing large equipment
- Expanding your business
Other Features
- Flexibility of a revolving line of credit
- Second lien position available on most property types
- Rate and fee match assurance so you are confident with the offer you are provided
Fees
Annual fee. Waived the first year, then 0.25% of the line amount during the 5-year draw period (with a minimum of $250 and maximum of $1,000)
Early closure fee. $3,000 if closed within the first 3 years
Eligible Property Types
- Office
- Retail
- Warehouse
- Light industrial
- Mixed-use
- Multi-family (5+ units)
- Commercial Condo (first lien position only)
- Special purpose (first lien position only)
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Generally accepted special purpose - Auto repair, auto body, or car wash
- Convenience store
- Dental or medical facility
- Funeral home, crematorium, or mortuary
- Gas station (no more than 10 years old)
- Health club or gym
- Ice- or roller-skating rink
- Movie theater
- Parking garage
- Refrigerated warehouse
- Restaurant
- School (non-public, daycare, or preschool)
- Self-storage facility
- Skilled nursing or assisted living facility
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