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Wells Fargo targets online lenders' clients

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Wells Fargo targets online lenders' clients

Wells Fargo& Co. is launching a product to win customers over from onlinelenders.

The loan offering, FastFlex, will allow small-businessclients to take out $10,000 to $35,000 one-year loans. Wells is expected tounveil it May 10, The Wall Street Journalreported the same day, and then likely roll it out within the month.