Elevex Capital secures credit facilities from Wells Fargo, Woodforest
Equipment financier using funds for expansion
Elevex Capital has secured two new credit facilities of undisclosed amounts from Wells Fargo and Woodforest National Bank to support its expansion in the commercial equipment finance market.
The funding will allow Elevex to accelerate lending activities, scale operations and pursue capital growth initiatives, according to a release from Elevex today. The company provides flexible equipment financing solutions through a technology-driven platform aimed at streamlining approvals for businesses.
The credit agreements, backed by Houston-based private equity firm Sallyport, mark a milestone for the company as it continues to expand its national team amid growing demand, according to the release.
Elevex Capital launched in 2025 and is based in Westlake, Ohio.
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