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Preferred Capital

Asset-based lending for consumer and auto finance companies

We provide a wide range of senior secured loans and lines of credit to independently owned, publicly traded, and bank owned consumer, retail, and auto finance companies to support their portfolios and help them grow their businesses. Our credit facilities start at $10 million with terms of one to five years.

  • Revolving lines of credit. These products provide the lending capacity you need to support the financing of consumer personal, retail, and auto loans. Their flexibility can accommodate the seasonal nature of your portfolio, and they are available as either senior secured notes or through a syndicated bank group.
  • Conduit facilities. Term loans secured by a specific pool of assets with an amortization schedule that matches the cash flow of the collateral. These can be structured to accommodate a single transaction, or to be periodically replenished with new collateral.
  • Working capital lines of credit. Credit facilities that satisfy the permanent funding many consumer finance companies need.
  • Term note facilities. Fixed-term notes that closely match the weighted average maturity of the underlying collateral.
  • Standby letters of credit. A facility that is secured by specific underlying collateral to satisfy a commercial landlord, insurance provider, or warranty company requirement.

Related services

Our customers include independently owned, publicly traded, and bank owned consumer, retail, and auto finance companies that originate accounts receivables in these markets:

  • Direct and indirect consumer finance
  • Auto finance receivables
  • Auto lease finance receivables
  • Truck finance receivables
  • Healthcare finance receivables
  • Captive retail finance receivables

Wells Fargo Preferred Capital can offer you revolving, syndicated, warehouse, conduit, and term note credit facilities as well as standby letters of credit.

Wells Fargo Preferred Capital is a leading provider of comprehensive financing to independently owned, publicly traded, and bank owned consumer, retail, and auto finance companies. With more than $7 billion in commitments from more than 100 client companies, we have consistently provided capital to consumer finance and auto finance companies in all economic cycles. We work to fully understand your business and establish long-term customer relationships to meet our customers' funding needs.

Meet our Executive Team and Relationship Managers

We can help your company enhance its balance sheet and portfolio loan assets. We also help our customers strategically position their businesses for access to the capital markets for purposes of stock or asset-based securities offerings.

Auto Finance Innovation Conference 

March 7 – 8, 2018
San Francisco, CA
Attendees: Sharon Mancero, Rick Snyder

AFSA Vehicle Conference  

March 20 – 22, 2018
Las Vegas, NV
Attendees: Sharon Mancero, Tom Murphy, Bill Laird 

AFSA Independents Conference  

April 24 – 26, 2018
Ft. Lauderdale, FL
Attendees: Sharon Mancero, Tom Murphy, Bill Laird

Auto Finance Performance & Compliance Conference 

May 9 – 11, 2018
Dallas, TX
Attendee: Sharon Mancero

NAF Conference  

May 30 – June 1, 2018
Ft. Worth, TX
Attendees: Sharon Mancero, Bill Laird

NIADA / NABD Conference

June 18 – 21, 2018
Orlando, FL
Attendee: Casey Johnson

Mississippi Consumer Finance Association Conference

July 23 – 25, 2018
Destin, FL
Attendee: Bill Laird

Louisiana Finance Association Conference

July 25 – 28, 2018
Destin, FL
Attendee: Bill Laird

CFSA Annual Conference

October 4 – 6, 2018
Laguna Niguel, CA
Attendee:  Sharon Mancero