The Alternative Credit Council (ACC) in its annual survey estimates that private credit managers will have provided $100 billion in financing to small- and mid-sized businesses over the course of 2020.
This is generally on par with the lending volume in 2019 and this year’s survey shows that non-bank lenders have continued to provide finance to businesses, despite the economic downturn and disruption caused by COVID-19.
“Private credit managers have stepped up and proved their value in 2020 by continuing to support existing businesses and lend to new projects, despite the . . .
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