Azadian Group, a New York City-based commercial financing provider, has spun off its direct lending and financing business into Change Capital. Change Capital will focus on businesses that are owned by minorities, women, veterans of the armed forces, immigrants and the physically challenged.
NEW YORK, CHICAGO, AND LOS ANGELES (PRWEB) MAY 09, 2018
Azadian Group, a commercial financing provider headquartered in New York City, is pleased announce that it is spinning off its direct lending and financing business into a wholly-owned subsidiary, Change Capital.
With headquarters, underwriting and back-office operations in New York and origination and service locations in Chicago and Los Angeles, Change Capital will continue to provide creative, flexible, and timely capital solutions to small and medium businesses across the country. In addition, Change Capital will seek out opportunities to finance businesses that provide innovative, sustainable, societally-beneficial, and ethically-produced products and services and those that are owned and successfully operated by minorities, women, veterans of the armed forces, immigrants, and the physically challenged.
“Over the past four years, our direct financing business has dominated our business activities and attention,” commented Raffi Azadian, Founder and CEO of Azadian Group and Change Capital. “By spinning off that line of business to a singularly-focused entity, we are increasing our focus and commitment to helping small and medium businesses of all types grow and thrive.”
Change Capital’s solutions include:
Interim working capital to improve a business’ financial condition in preparation for bank/non-bank financing
Contingent capital availability to take advantage of preferential purchasing or investment opportunities, execute on large or unexpected customer contracts and purchase orders, accelerate growth and expansion opportunities, buyout equity partners, provide liquidity to private equity owners, etc.
Bridges to 3rd party financing, M&A or other liquidity events
Subordinated stretch pieces and over-advances in conjunction with senior institutional lenders
For additional information, please visit the company’s website at http://www.change.capital or email to info(at)change(dot)capital.