National Funding, a San Diego, CA-based private lender of small business loans, secured additional funding from Wells Fargo.
Wells Fargo Capital Finance will increase its line of credit up to $75m, which will help fund small business, working capital and equipment leasing loans across its platform.
Founded in 1999 by David Gilbert, Chief Executive Officer, National Funding is a financial service provider for small and medium-sized businesses, providing working capital loans, equipment financing, merchant cash advances and credit card processing.
The company has provided more than $1 billion in capital for over 20,000 businesses nationwide in areas including automotive, construction, excavation, manufacturing, retail, packaging, printing, restaurant, telecommunications, trucking, and waste management, among others.
FinSMEs
13/10/2015