Commercial financing provider Azadian Group spun 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 capital solutions to small and medium businesses throughout the U.S. Change Capital will also focus on financing businesses that provide sustainable and ethically-produced products and services, as wells as those that are owned and 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,” said 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.”
