Wells Fargo Trade Capital

Type: Subsidiary
On the web: https://www.wellsfargo.com/com/bus_finance/tradecapital
Employees: 210

Wells Fargo Trade Capital (formerly Wells Fargo Century) has been in the specialty finance business for more than a half-century. Founded as Century Business Credit, this once family-owned factoring company that extended credit to the garment industry has been a subsidiary of banking giant Wells Fargo since 1999 and is one of the largest factoring outfits in the US. It primarily serves manufacturers, wholesalers, and importers and exporters. The company focuses on supply-chain financing in addition to its traditional factoring and other related services such as accounts receivable and inventory financing, receivables management, and letters of credit.

Key numbers for fiscal year ending December, 2008:
Sales: $48.1M

Officers:
Chairman, President, and CEO: Stuart M. Brister
COO: Receivables Lending, Forfaiting & Factoring

Competitors:
Capital Business Credit
CIT Corporate Finance
Rosenthal Group