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Wells Fargo Capital Finance Expands Government Services Group

November 20, 2018, 07:22 AM

Wells Fargo Capital Finance, part of Wells Fargo & Company, announced that Chad Ludwig has joined the Government Services Group. 

Government Services provides industry-specialized financing to businesses that contract with federal, state and municipal governments. Based in McLean, Virginia, Ludwig reports to Samantha Bloom, Government Services relationship team manager. 

“Chad’s industry experience and track record of outstanding results will enable us to better serve our growing number of government contractor clients,” said Greg Wheeless, regional manager of the Government Services Group. “He will play a key role in managing the ongoing working capital needs of government contractors, including providing lines of credit to support receivables, acquisition funding and growth-capital needs.” 

Ludwig previously worked for Access National Bank as a commercial lender for its Government Contractor Lending group. In this role, he was responsible for the origination, analysis and portfolio management of asset-based lines of credit, acquisition and growth-capital financing for government contractors. He also managed the Small Business Administration portfolio. Previously Ludwig worked with Banco Popular and LaSalle Bank. 

Ludwig graduated from the University of Northern Iowa with a bachelor of arts in finance and an economics minor. In addition, he has served on various organizational panels for funding government contractors and is a founding member of the Small Business Development Consortium. In 2015, he led the Armed Forces Communications and Electronics Association 5k, raising $6,000 for science, technology, engineering and mathematics scholarships. 


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