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.

Wells Fargo Preferred Capital representatives will be attending the  conferences and events listed below.

Event Dates Location Attendees
Sub Prime Forum
November 16 – 18, 2015 Scottsdale, AZ
Tom Murphy
Auto Finance Summit Conference October 21 – 23, 2015
Las Vegas, NV Sharon Mancero, Rick Snyder, Bill Laird
Resident Lenders Fall Conference
October 18 – 20, 2015 Asheville, NC
Sharon Mancero
California Financial Services Association
October 15 – 17, 2015 Carlsbad, CA
Sharon Mancero, Rick Snyder, Tom Murphy, Bill Laird 
AFSA Annual Meeting
October 5 – 7, 2015 Boston, MA
Tom Murphy, Sharon Mancero, Bill Laird, Rick Snyder
Innovate – Independent Dealer Industry Conference September 22, 2015 Ft. Worth, TX Sharon Mancero
Canadian Finance & Leasing Conference September 16 – 18, 2015 Gatineau/Ottawa, Canada Rick Snyder
AFSA Board Meeting
August 16 – 19, 2015 Cayman Islands
Sharon Mancero
Louisiana Finance Association conference July 22 – 26, 2015
Destin, FL
Bill Laird
Mississippi Consumer Finance Association conference July 20 – 22, 2015
Destin, FL
Tom Murphy
Texas Consumer Finance Association Conference July 6 – 8, 2015 San Antonio, TX Sharon Mancero
Megasys User Group Conference June 24 – 26, 2015 Garden Grove, CA Sharon Mancero
Independent Finance Assoc. of Illinois Mid Year Meeting
June 12, 2015 Lake Forest, IL
Sharon Mancero
NAF Association Conference May 27 – 29, 2015 Plano, TX Sharon Mancero 
NABD Conference May 19 – 21, 2015 Las Vegas, NV Casey Johnson, Tom Murphy, Rick Snyder
AFSA Independents Conference April 15 – 17, 2015 Ft. Lauderdale, FL Tom Murphy, Bill Laird, Sharon Mancero, Rick Snyder
AFSA Vehicle Jan 20 – 22, 2015 San Francisco, CA Sharon Mancero, Rick Snyder, Tom Murphy, Bill Laird