Fleet Financing Resources, LLC. (FFR), announced that they have renewed their vendor program financing agreement with Wells Fargo Equipment Finance Inc. (WFEFI).  Initiated in 2003, the total funded volume has exceeded $180 million; the renewal also includes a $2 million increase in the total discretionary guidance amount. 

“We have extended the maturity of our credit facility with WFEFI thru November of 2014 and increased the credit line from $72 million to $74 million.  Of the $74 million credit line, $34 million is provided via an Ultimate Net Loss Pool facility” reported Dave Reynolds, President and Chief Executive Officer of Fleet Financing Resources.  “Over the years, Fleet Financing Resources has secured numerous vendor programs from top tier lenders and WFEFI continues to be a premier partner as a result of their outstanding servicing and overall partnership excellence.”

FFR, a national lender, manages a current portfolio receivable of $110 million in titled transportation equipment including motor coaches, buses of all sizes, school transportation, vocational trucks, and all livery related vehicles.