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Wells Fargo Prime Line of Credit

Wells Fargo Prime Line of Credit details
  • Typically for businesses with $2-10 million in annual sales
  • Competitive annual fee of 0.25% of the line amount due at account opening and then annually for the 3-year term or at renewal for the 1-year term
  • Up to a 3-year revolving credit line from $100,000 to $500,000
  • 1-year term for revolving credit lines from $500,001 to $1,000,000
  • Rates as low as Prime + 0.50%, subject to a minimum floor rate of 5%
  • Secured by business assets
  • Monthly interest-only payments

Great For

  • Short-term working capital expenditures
  • Large purchases
  • Making bulk purchases for pricing advantages

Other Features

  • Competitive prime-based rates
  • Unlimited access, up to line limit, during one-year draw period
  • Renewable annually

Eligible collateral

  • Secured by business assets (non-real estate); accounts receivable, inventory, or equipment.

Fees

  • Annual Fee. Competitive annual fee of 0.25% of the line amount due at account opening and then annually for the 3-year term or at renewal for the 1-year term.
  • Cash advance fee. No fee with unlimited access, up to line limit, during the draw period.
Call us at 1-866-902-9181 Mon – Fri: 5:00am – 5:00pm PT

Why a Prime Line of Credit?

Expand, grow or improve your business by increasing your cash flow cycle.