Bridging the Small Businesses Financing Gap - The Journey of Christine Chang
Her CEO Journey™: The Business Finance Podcast for Mission-Driven Women Entrepreneurs
English - April 23, 2020 04:00 - 28 minutes - 19.8 MB - ★★★★★ - 3 ratingsEntrepreneurship Business Management business entrepreneurship female ceo business finance Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Christine Chang spent 25 years in the alternative credit sector at companies such as Charles River, Credit Suisse, and New York Private Bank & Trust, prior to becoming the CEO of 6th Avenue Capital, a company that truly understands the importance of alternative credit and provides secure and equitable access to capital to entrepreneurs seeking to grow their businesses.
6th Avenue Capital helps bridge the financing gap by providing small and mid-sized business owners – including those who are underserved by traditional banks today – access to fast and fair financing and expert service, enabling them to unlock immediate opportunities. A leading source of alternative financing, it provides necessary short-term bridge financing to SMBs through Merchant Cash Advances (MCA), a lump sum payment in exchange for a portion of future receivables at a discounted price.
Don’t forget to listen to last week’s episodes with Kathryn Schifferle, Founder and CEO of Work Truck Solution and Comvoy on how to plan a pivot effectively during a crisis and my bonus episode on how to be ready for Export Development of Canada’s Loan Guarantee.
These episodes can help you navigate the uncertain business environment that we are currently experiencing together.
I would love to hear from you and let me know what financial questions you need help with. Submit your question here or email me at [email protected] and I will answer your question in a bonus episode.
In this episode, Christine shared:
➤ Christine’s journey in alternative financing (7:00)
➤ How 6th Avenue Capital helps small businesses (8:20)
➤ What is the definition of short-term financing (9:22)
➤ What is Merchant Cash Advance (MCA) (9:45)
➤ How can MCA help small businesses during a crisis (11:05)
➤ The requirement and process to apply for MCA with 6th Avenue Capital (12:47)
➤ Every business has its own story and we’re looking for a happy ending (18:10)
➤ The policy of radical transparency (21:23)
➤ How to be a responsible borrower (22:38)
➤ Christine’s advice to women entrepreneurs (25:47)
Connect with Christine :
➤ Website