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The latest news and updates from Channel.

Channel Hires Ceribelli as Chief Revenue and Innovation Officer

Minnetonka, MN – December 5, 2023. Channel is pleased to announce Rob Ceribelli has joined the organization, stepping into the role of Chief Revenue and Innovation Officer, effective November 30, 2023. In this role, Ceribelli will drive end-to-end strategies across revenue growth, operational efficiency, product innovation, and market leadership to achieve Channel’s ambitious vision.

Channel Announces Successful Close of $190MM Securitization

Minnetonka, MN – November 17, 2023. Channel announces it has completed a second Equipment Finance securitization; a $190 million issuance of asset-backed notes collateralized by a diverse portfolio of Equipment Receivables. This is the fifth securitization for Channel having completed its first Small Business Loan and Business Cash Advance ABS transaction in December 2021.

Channel Successfully Completes $85MM ABS Securitization

Minnetonka, MN – July 7, 2023. Channel, a leading lender specializing in equipment finance and working capital, announced the successful completion of its third working capital backed securitization, a significant milestone for the company. The $85 million issuance of asset-backed notes is collateralized by small business loans and advances across a wide range of industries.

Channel Announces Regional Sales Manager Promotion

Minnetonka, MN – June 5, 2023. Channel has announced that Parker Dood has been elevated to Regional Sales Manager, Northeast, effective June 1, 2023. Cory Krogen, SVP of Sales at Channel, said, “Parker has quickly proven his ability to positively guide and foster valued partner relationships.

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