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Wells Fargo Capital Finance Expands Government Services Group

June 01, 2016, 07:58 AM

Wells Fargo Capital Finance announced that their Government Services group has expanded with the addition of two new positions. Greg Wheeless has been named Regional Manager and will lead the team and Linh Phu has been named Business Development Officer, responsible for driving new business. The Government Services Group, which is part of the overall Commercial Services Group, offers financing to businesses that contract with federal, state, and municipal governments.  By expanding the Government Services Group, Wells Fargo is dedicated to providing flexible financing to the Government Contracting industry.

“Greg and Linh bring extensive knowledge and expertise to their roles,” stated Kevin Gillespie, executive vice president, Commercial Services Group. “Government contractors face unique challenges, and the addition of Greg and Linh will strengthen our ability to structure and deliver financing solutions to support our government contractor clients.”

Wheeless brings more than 30 years of experience providing financial products and services to government contractors. Prior to joining Wells Fargo, he was a Senior Vice President in Bank of America’s Government Contracting Group and served in similar roles with CIT Aerospace & Defense Finance for many years and at Crestar Bank, now SunTrust Bank, before that. Based in McLean, VA, Wheeless oversees national lending and factoring responsibilities, including portfolio management. He holds a master’s of business administration with a concentration in finance from George Washington University and a bachelor’s degree from Baylor University in Business Administration. Wheeless is on the board of the Northern Virginal County Chamber of Commerce and is co-chair of the chamber’s Government Contracting Council.

Phu, also based in McLean, VA, is primarily responsible for sourcing and structuring flexible asset-based and accounts receivable financings offered by the Commercial Services Group to government contractors. Prior to joining Wells Fargo, Phu was the Commercial Lender for the Government Contractor Lending Group at Access National Bank. She holds a bachelor’s degree with concentrations in Finance and Management, Entrepreneurship, from the Virginia Polytechnic Institute and University’s Pamplin College of Business.

Wells Fargo Capital Finance is the trade name for certain asset-based lending services, senior secured lending services, accounts receivable and purchase order finance services, and channel finance services of Wells Fargo & Company and its subsidiaries, and provides traditional asset-based lending, specialized senior and junior secured financing, accounts receivable financing, purchase order financing and channel finance to companies across the United States and internationally.

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