Weekly show where my featured guests and I explore the financial and business challenges women face on the entrepreneurial journey to success. You'll hear them talk about the money side of their businesses in ways you've always wanted to know about, but wouldn't dare ask. They openly share their disappointments, failures, successes, and everything in-between as they grew sales ranging from 6 to 9 figures. Knowing where your business stands financially helps you make critical decisions with confidence. It's simply the best way to be sure you grow a business that fuels the life you want to live.
https://www.christinasjahli.com/
episode 59: Merchant Cash Advance: Bridging the Small Businesses Financing Gap - The Journey of Christine Chang (Alternative Financing)
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.
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)
Contact Me
Ready to transform your purpose to an impactful business financial story, profit, and joy? Schedule a chat with me at any time.
Connect with Christine :
➤ Website
➤ Linkedin - Christine Chang
➤ Linkedin - 6th Avenue Capital