Fleet Financing Resources, LLC. (FFR), announced today that they have renewed their long-standing, successful vendor partnership with Wells Fargo Equipment Finance Inc. (WFEFI). The vendor program financing agreement includes a $105 million credit facility with $45 million of the total provided via a combination of Ultimate Net Loss and Recourse Pools.
The valued vendor program, initiated in 2003, has funded nearly $300 million in titled transportation equipment ranging from new and used buses of all sizes, school transportation, vocational trucks, and all livery related vehicles.
“Once again, we say thank-you to Wells Fargo Equipment Finance for their renewed and continued 16-year confidence in Fleet Financing Resources,” said Dave Reynolds, President and CEO. “In both good times and challenged, they have remained firm in their commitment to maintain a successful partnership with Fleet Financing Resources.”
About Fleet Financing Resources – Fleet Financing Resources, LLC. is a California based commercial lender serving over 4,300 fleet operator customers nationwide. With a proven 16 years of stable successful business history, FFR has originated over $650 million since inception. FFR specializes in the leasing and financing of both new and used titled transportation equipment — commercial vehicle fleets.