Channel, an independent provider of equipment finance and working capital solutions to small businesses across the U.S., reached a major milestone in the growth and performance of its equipment finance (EF) platform, surpassing $1 billion in originations in under four years.
Built de novo beginning in late 2019, the EF division moved from concept to soft launch in 2020, officially entering the market in early 2021. The team designed and executed the entire product from the ground up including credit strategy, processes, technology and partner relationships. Since launch, the platform has scaled rapidly and responsibly, crossing the $1 billion in originations threshold through disciplined execution, strong credit performance, a deepened partner network and a commitment to thoughtful, responsible growth.
Channel’s financial strength and consistency were further highlighted by recent upgrades issued by Kroll Bond Rating Agency (KBRA). KBRA upgraded two classes of notes on Channel’s 2022 ABS transaction and upgraded three classes of notes and affirmed one class of notes on its 2023 ABS transactions. These upgrades follow a series of successful ABS issuances that have broadened investor relationships and strengthened Channel’s market position.
“This team built the EF product from scratch and crossed a billion dollars in originations in just four years, an extraordinary accomplishment by any measure,” Adam Peterson, CEO of Channel, said. “The continued positive response from investors, including the recent upgrades from KBRA, reinforces the stability and strength of what we’re building. We’re energized by the momentum and look forward to further leveraging the ABS marketplace as we scale with discipline and purpose.”
