Company Research Report: Channel

Company Overview

• Name: Channel

• Mission: Channel is committed to being a single-source provider of equipment finance and working capital solutions to help small and medium-sized businesses reach their full potential.

• Founded: 2009

• Founder: Brad Peterson

• Key People:

• Brad Peterson, Chief Executive Officer

• Rob Ceribelli, President

• Eli Sethre, Chief Financial Officer

• Mark Blais, Chief Information Officer

• Brian Tri, Chief Credit Officer

• Kristi Schon, Chief Marketing Officer

• Adam Peterson, Managing Director

• Cindy Fleck, Chief Revenue Officer

• Cory Krogen, Senior Vice President of Sales – East Region

• Alecia Kramer, Senior Vice President of Sales – West Region

• Drew Martin, Chief Technology Officer

• Adam Ohme, Senior Vice President & Director of Operations

• Troy Kepler, Corporate Counsel

• Mike McConnell, Vice President of Treasury and Capital Markets

• Ed Krueger, Senior Vice President, Data & Analytics

• Jill Fleck, Vice President of Administration

• Headquarters: 10900 Wayzata Blvd, Suite 300, Minnetonka, MN 55305

• Number of Employees: Over 150 team members

• Revenue: No information is available.

• Known For: Channel is known for its expertise in both equipment finance and working capital, supporting small and medium-sized businesses to explore new opportunities.

Products

Equipment Finance

• Description: Channel provides fast and straightforward financing solutions for small business owners seeking to acquire new or used equipment across various industries.

• Key Features:

• Accommodates ticket sizes ranging from $10,000 to $250,000.

• Offers flexible terms between 12 to 72 months.

• Provides risk-based pricing and fast credit decisions under four hours.

• Allows financing for both new and used equipment.

Working Capital

• Description: Channel offers working capital solutions to small and mid-sized businesses needing short-term capital for growth opportunities.

• Key Features:

• Financing options range from $10,000 to $250,000.

• Offers customizable terms and quick fund access, often within 24 hours.

• Supports a wide array of industry needs, ranging from general business expenses to expansion projects.

Recent Developments

• Awards:

• September 3, 2024: Received ELFA 2024 Operations and Technology Excellence Award.

• Financial Milestones:

• August 19, 2024: Successfully closed a $125 million ABS transaction, marking its sixth securitization.

• Recognition:

• August 13, 2024: Maintained inclusion in the Inc. 5000 list of fastest-growing private companies for the 12th consecutive year.

• June 24, 2024: Named one of the Top 200 Workplaces in Minnesota for the third year by the Star Tribune.

• June 18, 2024: Listed among Inc.'s annual Best Workplaces.

• Leadership Accolades:

• May 17, 2024: Brad Peterson named Monitor’s Leader of the Year.

Key Executives and Staff

• No information is available.

Partnerships

• No information is available.

Expansion and Growth

• No information is available.

Contact Information

• Minnetonka Location: 10900 Wayzata Blvd, Suite 300, Minnetonka, MN 55305

• Phone: (763) 746-7760

• Other Locations:

• 600 TownPark Lane, Suite 555, Kennesaw, GA 30144

• 4200 University Ave, Suite 310, West Des Moines, IA 50266

• 1111 East College Dr, Suite #200, Marshall, MN 56258