Wells Fargo Capital Finance announced that Kael L. Peterson has been named business development officer for the Commercial Services Group, which specializes in factoring and accounts receivables management. In her new role, Peterson is primarily responsible for sourcing and structuring flexible asset-based and factoring financings for opportunities originated in Iowa, Kansas, Minnesota, Nebraska, North Dakota, and South Dakota, and will be reporting to Jay Gardner, regional sales manager for Wells Fargo Capital Finance.

“Kael is a very talented and hard-working team member,” stated Gardner. “I am excited to have her join our team and I am confident she will make an immediate impact as she has done in her previous roles with our company.”

Peterson has been with Wells Fargo since 2006.  Her previous Wells Fargo positions included principal business relationship manager and commercial relationship manager, managing a portfolio of fortune 500 clients.  Previously she was a relationship manager with JP Morgan Chase Business Banking and an associate credit manager with Merrill Lynch Business Financial Services. Peterson holds a bachelor’s degree from University of Iowa in Business Administration in Finance.
 
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.