GreatAmerica returns with first small ticket equipment ABS of the year

Small ticket equipment lender GreatAmerica is preparing a $630m transaction, returning to a sector still weighed down by a small business-heavy borrower base impacted by government-mandated shutdowns.
Overall, equipment ABS seems to be supported “quite well” this year as well, according to a consumer ABS portfolio manager, carrying over the strong momentum felt particularly in the agriculture and construction (A&C) equipment sectors.
A&C equipment has been “resilient” throughout the pandemic, thanks to the constant need for ...Already a subscriber? Login