|Wells Fargo Small Business Advantage® Line of Credit||BusinessLine® Line of Credit||Secured BusinessLine® Line of Credit||Wells Fargo Commercial Equity Line of Credit|
|This Solution Offers|
|Rate||Variable rate tied to Prime Rate.||Prime1 + 1.75% to Prime1 + 9.75% depending on credit evaluation (interest charged only when account is used).||Low, variable rate tied to Prime Rate.||Variable rate tied to Prime-Based2|
|Credit Amount||$5,000 to $100,000||$10,000 to $100,000||$5,000 to $100,000, line size up to 95% of collateral amount||$50,000 to $500,000 (up to 75% of the property value)|
|Collateral||None — it's unsecured.||None — it's unsecured.||Secured by a Wells Fargo savings or CD account.||Secured by business or investment property, valued up to $3 million3 (No second homes).|
|Wells Fargo BusinessLoan® Term Loan||Equipment Express® Loan||Express Equity, Express Refi, and Purchase Advantage Loans||Small Business Administration Loans|
|This Solution Offers|
|Rate||Rates range from 4.25% to 18.25% - based on term length and credit history.||Rates range from 4.25% to 18.25% - based on term length and your personal credit history, and equipment or vehicle being purchased.||Fixed or Prime-Based2||Fixed or Adjustable Rates Available.|
|Credit Amount||$10,000 to $100,000||$10,000 to $100,000||$50,000 to $750,000 for purchase and refinance loans; and up to $500,000 for equity loans and lines of credit (up to 75% of the property value)|
|Collateral||None — it's unsecured.||Secured by equipment or vehicle being financed.||Secured by commercial property valued up to $3 million3 (Owner-occupied or investment).||Secured.|
Specialized Financing for Healthcare Practices is available across the United States. Use our financing solutions and expert resources to acquire, build, expand, and equip your practice with lending amounts up to $1 million per project. For more information call 1-800-326-0376, Monday through Friday, 6:00 am to 5:00 pm Pacific Time.
1 Prime refers to Wells Fargo's announced Prime Rate, which was 3.25% as of February 1, 2015. If credit is granted, your credit limit will be in an amount up to $100,000 and your rate will be between Prime + 1.75% to Prime + 9.75% depending on your business and personal credit evaluation. The interest rate that you are assigned will remain in effect, unless a default occurs under the Customer Agreement or we exercise our right to change the terms of the account.
2 The index for the Prime-Based loan is the Wells Fargo Prime Rate. The interest rate for the loan will be adjusted with each change in the Wells Fargo Prime Rate. The payment will be fixed for 12 months and adjust only once per year on the anniversary of the loan. Any over or under payment of accrued interest resulting from a rate change, will be applied to the borrower’s balance. The reamortized payment will be calculated annually, using the remaining term, current balance and Wells Fargo Prime Rate then in effect. Restrictions may apply. Some properties may require an environmental loan insurance policy. Only loans/lines in 1st position are eligible. Policy costs range from $800-$1,200. This is a one-time cost and varies based on risk, loan term and loan amount.
3 You will need to pay a non-refundable deposit of up to $1,000 when accepting the terms of any loan or line of credit. Your deposit will be credited at closing against the origination fee (if any) and environmental insurance fee (if any) payable by borrower in connection with the transaction. If your deposit exceeds the origination and environmental insurance fees amount due at closing, you will be reimbursed for any overage. If the state or other taxing authority imposes a tax or fee on the filing of a mortgage or a deed of trust, or if the bank determines that environmental or flood insurance is required, any applicable fees are your responsibility. All financing is subject to credit approval.
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.