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Prime Line of Credit

Cover expenses and grow your business

To learn more or apply, call
1-866-902-9181

Innovate and scale with a
Prime Line of Credit

For businesses with
$2 to $10 million in annual revenues
Credit limit
$100,000 to $1,000,000
Rates
As low as Prime + 0.50%
Account fees
Terms
  • Up to a 3-year secured revolving credit line from $100,000 to $500,000
  • 1-year secured revolving credit line from $500,001 to $1,000,000
Other details
  • Prime-based rates
  • Renewable annually 
  • Secured by business assets

To learn more or apply, call 1-866-902-9181.

Designed for your business

Short-term working capital

Cover inventory, payroll, repairs, maintenance, and unexpected expenses.

Large purchases

Invest in new equipment, IT infrastructure, software, trademarks, and more.

Pricing advantages

With a line of credit, you only pay interest on what you use and can pay down and reuse it as you wish.

Explore financing options for your business

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Business lines FAQs

To learn more and to apply for the Wells Fargo Prime Line of Credit call 1-866-902-9181
  • If you applied for an unsecured business line of credit (includes Wells Fargo BusinessLine® line of credit and Wells Fargo Small Business Advantage® line of credit), you will receive written notification from Wells Fargo. If approved, it will state the approved amount.
  • If you applied for a Wells Fargo Prime Line of Credit, it will take up to two weeks for processing after you have submitted the required documentation. Your underwriter will provide you with guidance on additional requirements for your business.

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How can we help?

Terms for credit products are subject to final credit approval of the business and its owners. A physical address is required to receive a Wells Fargo business credit product. You must be an owner of this business and not already have this product.

For Prime Line of Credit, rates start at Prime + 0.50%, subject to minimum floor rate of 5.00%, depending on your personal and business credit evaluation. Prime refers to Bank's announced Prime Rate. Bank's announced Prime Rate is subject to change at any time. The interest rate that you are assigned will continue unless a default occurs under the Customer Agreement and we elect to increase the rate, or we exercise our right to change the terms of the account. Rates are subject to change and may be higher or lower than the stated ranges. Interest accrues immediately whenever you draw funds from your line of credit account.

The Prime Line of Credit offers a term of up to 3 years for line requests up to $500,000. For line requests between $500,001 and $1,000,000, a 1-year term applies, which may be renewed annually. Subject to credit approval.

The security interest taken will be a first priority lien on all present and future accounts receivable, inventory, equipment, general intangibles, and certain other noncash personal property owned by the applicant business, and a Uniform Commercial Code financing statement will be filed against the applicant business to perfect the security interest.

Wells Fargo Bank, N.A. Member FDIC.

QSR-07022026-7491185.1

LRC-1224