Vehicles

Fleet Financing Resources Increases Credit Line

Posted on February 15, 2013

RIVERSIDE, Calif. – Fleet Financing Resources has renewed its vendor program financing agreement with Wells Fargo Equipment Finance Inc. through November 2013. Fleet Financing Resources also has increased the credit line from $68 million to $72 million.

“Of the $72 million credit line, $32 million is provided via an Ultimate Net Loss Pool facility,” said Dave Reynolds, president and CEO of Fleet Financing Resources, in a statement.

Initiated in 2003, the total funded volume from the financing agreement has exceeded $140 million; the renewal also includes a $4 million increase in the total discretionary guidance amount.

“Over the years, Fleet Financing Resources has secured numerous vendor programs from top tier lenders and Wells Fargo Equipment Finance Inc .continues to be a premier partner as a result of their outstanding performance and overall excellence,” Reynolds said.

Fleet Financing Resources offers financing and leasing of new and used titled transportation equipment, specializing in buses and trucks. Founded in 2002, Fleet Financing Resources has succeeded in providing finance solutions to more than 2,600 businesses nationwide. FFR offers a broad funding menu of products and services tailored to each client’s specific needs.

Visit www.ffresources.com for more information.

Source: Fleet Financing Resources

View comments or post a comment on this story. (1 Comment)

More News

What 10 Luxury Cars Are Ready To Shine In 2017?

Most of the vehicles are chauffeur-worthy, high-end sedans easily available and recognized in the industry.

Turtle Top Shuttle Ready For Workhorse Duty

Vehicle Pick Of The Week: Every fleet needs low overhead workaday vehicles that bring in steady revenues.

Continental Is The Car Lincoln Was Begged To Build

Review: The sedan's smartly tailored sheetmetal is more Bentley by way of Motown, but starting from an attainable $45,485.

Grech Motors Introduces Newly Designed 2017 F550 GM33 Bus

The new bus model boasts a sleeker design and more mechanical muscle.

Tesla Model S: The First Driverless Armored Vehicle?

The electric vehicle company is looking to break records in safety and autonomous driving capabilities.

See More News

Facebook Comments ()

Comments (1)

Post a Comment

Submit

Blogs

See More

See More

See More

See More

LCT Store

LCT Magazine - January 2017 $12.95 THE MONEY ISSUE COVER STORY: * Dashboard Helps Steer Company Finances * *



Connect

Experience the three annual industry events for networking for business, showcasing vehicles and products, and getting the tools for success.

Read About Your Region

What’s Happening Near You?
Click on any state to see the latest industry news and events in that region.

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Metro Magazine

Serving the bus and passenger rail industries for more than a century

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

Please sign in or register to .    Close