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Our roundup of the latest news from metro Detroit and Michigan businesses as well as announcements from government agencies.
Our roundup of the latest news from metro Detroit and Michigan businesses as well as announcements from government agencies.
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...