We pulled together this panel of alternative finance industry experts to provide WBOs with a roadmap through the complex and often confusing world of capital solutions.
NEW YORK (PRWEB) November 19, 2019
6th Avenue Capital, LLC, a leader of short-term bridge financing for US small businesses, is pleased to collaborate with female champions in the alternative funding space on a three-part series of articles available now on Medium to celebrate Women’s Entrepreneurship Day. The series features commentary from:
- Christine Chang, CEO, 6th Avenue Capital, on Merchant Cash Advance
- Rachel Hersh, Director of Sales, North America, Prestige Capital, on Factoring
- Meredith Carter CEO, Context Business Lending, on Asset-based Lending
- Kathryn Petralia, Co-Founder and President, Kabbage, on Line of Credit
- Spring Hollis Managing Partner, Star Strong Capital, on Venture Debt
- Janny Lee, Managing Partner and COO, Red Badge, on Venture Equity
Each “Shero” provides financial advice and examples to Women Business Owners (WBOs) looking to launch or grow a business. WBOs are a critical part of the economy and growing at more than double the rate of all businesses, but continue to face additional barriers when accessing funding to start and run their businesses. Women are less likely to seek financing for their businesses and tend to ask for less capital than men. When they apply for loans, WBOs are approved at lower rates than their male counterparts and oftentimes, receive smaller loan amounts, shorter loan terms, and higher interest rates. Despite these headwinds, women founded businesses deliver more than two times the revenue per dollar invested than those founded by men.
“Every WBO should have access to the information necessary to inform and empower her financial decision making,” said Christine Chang, CEO, 6th Avenue Capital. “We pulled together this panel of alternative finance industry experts to provide WBOs with a roadmap through the complex and often confusing world of capital solutions. I am proud to have collaborated with such a distinguished list of female financial leaders to share this valuable guidance on Women’s Entrepreneurship Day.”
While challenges remain for WBOs and entrepreneurs seeking working capital from traditional sources, alternative financing options can help close the funding gap for women and deliver even more economic growth.
About 6th Avenue Capital
6th Avenue Capital is changing the small business financing landscape by providing fast, secure and equitable access to capital for growth and expansion. A leading source of alternative financing, 6th Avenue Capital provides necessary short-term bridge financing to SMBs. Its ACH Advances (also known as Merchant Cash Advances) offer a lump sum payment in exchange for a portion of future receivables at a discounted price. Small businesses can access short-duration, unsecured funding, up to $500K, within 24-48 hours, with no full personal guaranties and convenient repayment options (daily, twice weekly, and weekly). 6th Avenue Capital is a member of ILPA and SBFA. For more information, visit http://www.6thavenuecapital.com.