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
- 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
- Prime-based rates
- Renewable annually
- Secured by business assets
Designed for your business
Explore financing options for your business
Business lines FAQs
your line limit during the draw period.
The 0.25% annual fee, based on line amount, is due at account opening and then annually for the 3-year term or at renewal for the 1-year term.
Our Prime Line of Credit is secured, which means that it’s backed by business assets (non-real estate); accounts receivable, inventory, or equipment.
If you can’t pay back the loan, the assets will cover the debt.
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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