Channel surpasses $1B in equipment finance originations
Equipment financier Channel surpassed $1 billion in equipment finance originations in less than four years, marking a milestone for the independent lender’s equipment finance platform.
Launched in 2020 and brought fully to market in early 2021, the business scaled quickly through strong credit performance, expanded partner relationships and strong execution, according to a Dec. 9 Channel release. The lender obtained $1 billion without acquiring any legacy portfolios.
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