FastFlex Small Business Loan Now Available to Wells Fargo’s Existing Customers


wells fargoSmall business owners can now get an online, fast decision on loan approval. The new product, FastFlex Small Business Loan, also offers a competitive interest rate to small businesses with short-term credit needs.

Launched by Wells Fargo, it will be available in late May to Wells Fargo’s existing, business-deposit customers who have been customers for at least one-year. 

“This will put short-term credit within reach for many small businesses seeking to achieve financial success,” says Lisa Stevens, head of Small Business, Wells Fargo. 

The loan will be available with one-year terms, at amounts ranging from $10,000 to $35,000, with required payments made on a weekly basis automatically deducted from the customer’s business-deposit account.       

“Applying for and obtaining a loan should be simple and convenient: getting ready for a loan needs to be thoughtful and well-planned. It’s as important as ever for small business owners to have one-on-one conversations with bankers, and access to resources and support to get credit-ready. It’s the reason we’re adding more Wells Fargo Works for Small Business tools that help businesses prepare to achieve success – from building a business plan to understanding how to manage cash flow,” says Stevens.