Targeted Lending Co., a leader in the equipment finance industry, expanded its senior credit facility with Wells Fargo Capital Finance to $75 million.

"This increase, along with our strong capital structure, reflects Targeted Lending's financial stability and ambitious growth trajectory," said Michael Philbin, CFO of Targeted Lending Co., LLC.

Stewart Hayes, Managing Director at Wells Fargo Capital Finance shared, "We value our relationship with Targeted Lending, and are pleased to support them with the additional capital they need as they continue to grow."

Brian Gallo, CEO of Targeted Lending Co., LLC, added, "We appreciate Wells Fargo's continued support as we capitalize on the industry's gap in strategic funding for small-ticket equipment loans. This expansion strengthens our commitment to helping businesses access the capital they need to grow."

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