2014

Wells Fargo SBA Lending and Business Direct Introduce Small Business Advantage(SM) Line of Credit Nation's Small Business Leader Celebrates National Small Business Week

And SBA's 50th Anniversary With Nationwide Customer Events and Visits



    SAN FRANCISCO, Sept. 17 /PRNewswire-FirstCall/ -- Wells Fargo today
 announced the availability of the Wells Small Business Advantage Line of
 Credit, complementing existing Small Business Administration (SBA) loan
 products and serving the needs of small business customers with credit lines
 starting at $5,000. Small business customers also benefit through the
 increased flexibility and faster application process offered by the number one
 lender to small businesses nationwide and one of the nation's top four SBA
 lenders.
     Additional benefits include flexible purchasing power through a Small
 Business Advantage MasterCard, access to instant cash through Superchecks and
 a network of 6,250 Wells Fargo ATMs, and access to Online Business Banking and
 overdraft protection for Wells Fargo Business Checking customers. The Small
 Business Advantage Line of Credit provides a three-year term.
     "With this new credit line, Wells Fargo is helping meet even more of our
 small business customers' credit needs," said Jerry Gray, President of Wells
 Fargo SBA Lending. "By offering a variety of small business products for every
 stage in the growth of a small business, we are ensuring all of our customers
 have the financial products and services they need to build their businesses."
     Additional features of the Wells Fargo Small Business Advantage Line of
 Credit include:  no annual fee required, available overdraft protection, no
 collateral required, and a three-year line of credit terms with interest
 payments monthly.
     "When my single concrete pump broke, I suffered a tremendous business
 setback -- my entire business was put on hold," said David McMasters, Owner of
 D&M Concrete Pumping in San Leandro, California. "But in working with my Wells
 Fargo Business Specialist, within two weeks my specialized equipment was
 ready, I had obtained a Wells Fargo Small Business Advantage Line of Credit,
 and I was back in business. The entire process was exactly how it should have
 been -- simple and focused on what was best for my business."
     In addition to customer-focused product additions, Wells Fargo is also
 engaged in extensive customer outreach efforts during National Small Business
 Week (September 14 - 20), the Small Business Administration's annual event
 celebrating the contributions and accomplishments of the more than 20 million
 small businesses across the country for the last 39 years. To honor NSBW along
 with the SBA's 50th anniversary, Wells Fargo is honoring small business
 customers across the country. During the month of September, thousands of
 Store and Business Bankers will reach out to more than 40,000 existing and
 prospective small business/business customers, extending Wells Fargo's
 appreciation for their hard work and accomplishments -- and, most importantly,
 reinforcing our commitment to their business success.
 
     About Wells Fargo
     Wells Fargo & Company is a diversified financial services company with
 $370 billion in assets, providing banking, insurance, wealth management and
 estate planning, investments, mortgage and consumer finance from 5,800 stores
 and the Internet (www.wellsfargo.com) across North America and elsewhere
 internationally.
     Providing financial products and services to more than one million
 businesses with annual sales up to $20 million in all 50 states, Puerto Rico
 and Canada, Wells Fargo is the #1 lender to small businesses in the United
 States in total dollar volume. Wells Fargo is among the top four SBA lenders
 nationally, and a SBA Preferred Lender in 28 states and the District of
 Columbia, and originated 2,256 SBA loans totaling $469 million for the twelve
 months ending September 30, 2002. Speer & Associates rated the Wellsfargo.com
 small business site the best online banking site for small business customers
 in 2002 (wellsfargo.com/biz). Its targeted business services programs provide
 outreach and education to women, African American, Latino, and Asian business
 owners about financial services. Since 1995, Wells Fargo has loaned more than
 $18 billion to women and minority business owners.
 
 

SOURCE Wells Fargo & Company

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