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The latest news and updates from Channel.

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.

Channel Closes $75MM Facility

Minnetonka, MN – April 24, 2023. Today, Channel announced the company has entered into a new credit facility with Truist. The $75 million commitment provides financing for both working capital and equipment finance originations and reflects the scale and capacity growth that Channel continues to realize.

Channel Closes $163MM Securitization

Minnetonka, MN – July 11, 2022. Channel announced the completion of its first Equipment Finance securitization, a $163 million issuance of asset-backed notes collateralized by a diverse portfolio of Equipment Receivables. This is the second securitization for Channel having completed its first Small Business Loan and Business Cash Advance ABS transaction in December 2021.

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