Wells Fargo Business Credit’s factoring division has named Amy Cartwright as business development officer. Cartwright will provide an accounts receivable purchase programme to middle-market businesses throughout the southern half of Texas.
In November, Wells Fargo Business Credit-Factoring passed the US$1bn mark in accounts receivables purchased year-to-date, a more than 48% increase over 2003.
Wells Fargo Business Credit provides middle market businesses with asset-based financing and accounts receivable factoring, integrated with the full resources and powerful product set of the nation's only Aaa-rated financial institution.
