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The latest news and updates from Channel.

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.

Channel Named a Top 200 Workplace by Star Tribune

Minnetonka, MN, June 28, 2022 – Brad Peterson, President and Chief Executive Officer, announced that Channel has been named one of the Top 200 Workplaces in Minnesota by the Star Tribune. A complete list of those selected is available at StarTribune.com/top-workplace-companies-of-2022.

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