Credibly Announces Second Offering Of Asset-Backed Securities – The First ABS Within The SMB Lending Space Since The Onset Of The COVID-19 Pandemic
Share: Southfield, MI – Apr. 20, 2021 - Today, Credibly announced its second offering of asset-backed securities (ABS) with the issuance of three classes of notes totaling $65.77 million. The asset-backed securitization is expandable to $200 million to further support the company’s continued growth. This transaction marks the first ABS within the SMB lending space since the onset of the COVID-19 pandemic and will reduce Credibly’s cost of funds compared to its existing ABS. “This transaction is a testament to Credibly’s proven ability to responsibly provide credit to SMBs,” said R...
Source: benzinga.com