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Wells Fargo Capital Finance Closes New Credit Facility for Rise Line Business Credit

July 17, 2018, 07:09 AM
Filed Under: Lender Finance

Rise Line Business Credit, LLC (Rise Line), an asset based lender headquartered in New York, announced that they have completed a revolving leverage facility with Wells Fargo Capital Finance, a part of Wells Fargo & Company.

“We are thrilled to work with Wells Fargo and accelerate the growth of our portfolio. Wells Fargo’s Lender Finance team worked closely with us to understand our vision to provide financing solutions to underserved companies across North America,” said Gaurang Vyas, Founder and Managing Principal at Rise Line. “We stand ready to support the lower middle market and our existing client base with financing for working capital, growth, refinancing, and restructuring.”

Rise Line Business Credit is a senior secured lender to lower middle market companies across North America. Rise Line focuses on offering tailored financing solutions and building lasting relationships with clients, serving companies that have found it difficult to receive a satisfactory level of service and liquidity from their existing lenders.

“Rise Line is a solid, growing company within the ABL market,” said Stewart Hayes, Managing Director at Wells Fargo Capital Finance. “We are pleased to have established this relationship and look forward to helping support Rise Line’s continued growth.” 

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