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Private credit firms set to finance $100bn in loans this year

Susan BarretobySusan Barreto
November 24, 2020
in Manager News, Private Credit, Service Provider News
Private credit firms set to finance $100bn in loans this year

By twenty20photos/Envato Elements

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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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