Title: Wells Fargo - Wells Fargo Small Business Loans Review 2021
Headings: Wells Fargo Small Business Loans Review 2021
Wells Fargo Small Business Loans Review 2021
Wells Fargo Business Loans
Our Approach:
Selecting the best small business loan for your company comes down to three things:
Wells Fargo Business Loans Summary:
PROS
CONS
How to Apply for a Wells Fargo Small Business Loan:
Types of Wells Fargo Business Loans
Wells Fargo Small Business Loan
Loan sizes up to: $100,000
Benefits:
Qualifications:
How to Apply:
Equipment Express Loan
Lowest rate: 4.5%
Loan sizes up to: $100,000
Benefits:
Qualifications:
How to Apply:
Wells Fargo Customer Reviews
Wells Fargo Review Ratings
Value - 4/5
Customer Service - 5/5
Ease of Use - 2/5
Included Features - 4/5
Final Thoughts on Wells Fargo
Wells Fargo FAQs

Content: A term loan has fixed payments over a specified period of time with interest calculated over the life of the loan, added to the monthly installment payments. With Wells Fargo, if you pay the loan off early you save on paying additional interest. Some lenders charge early payment fees but not Wells Fargo. The Equipment Express Loan is a term loan used specifically for purchasing a company-owned vehicle or some other type of business equipment. Equipment could be an oven for a restaurant, conveyor belt for a factory, or any other type of equipment used to help the business successfully operate. Wells Fargo does exclude computers and software from their list of acceptable equipment purchases. These items devalue too quickly, making it riskier for Wells Fargo to finance them. Rates for Equipment Express Loans are less than for Wells Fargo Small Business Loans because the risk is less. If someone defaults on an equipment loan, the bank can simply repossess the equipment while keeping previously made payments. Wells Fargo Small Business Loan
The Wells Fargo Small Business Loan offers competitive rates and loan amounts up to $100,000.