Channel announced 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. Without acquiring a portfolio or inheriting legacy assets, 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 $1B 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 positive rating actions reflect solid credit support, strong investor confidence, stable asset performance, and the company’s commitment to rigorous, transparent portfolio performance. 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,” said Adam Peterson, CEO of Channel. “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.”

This milestone reflects Channel’s ongoing commitment to delivering high-quality, well-structured opportunities to its investor community while continuing to support small businesses nationwide with reliable, accessible financing solutions.