AVANA Capital Reaches $1 Billion Milestone in Loans to Small Businesses
GLENDALE, Ariz., Sept. 19, 2017 /PRNewswire/ -- AVANA Capital, a commercial real estate debt fund, today hit a major milestone: It has provided more than $1 billion in loans to entrepreneurs and small- to mid-sized businesses. This landmark achievement caps an extraordinary 14-year journey for AVANA Capital, which began as a non-bank lender under the SBA 504 program.
Since its inception in 2002, more than 300 entrepreneurs and small business owners have been able to construct, acquire, launch and expand viable businesses with funding from AVANA Capital. Those businesses have in turn created more than 9,000 jobs for American workers.
"AVANA Capital started with a simple objective: to create economic growth," said Sanat Patel, Chief Sales Officer and co-founder of AVANA Capital. "As we surpass $1 billion in loan support, we continue to push open doors of opportunity for small, often under-served market segments. Along with the achievement of our goal comes our renewed commitment to meet the unique needs of seasoned entrepreneurs and small- to mid-sized businesses through innovative, well-conceived finance solutions."
AVANA Capital has been a vanguard for alternative lending in highly specific, niche industries, including healthcare facilities, hospitality, senior housing and self storage. The firm is continually adding new industry verticals, most recently funding solar energy businesses and sports facilities. It specializes in serving borrowers who often can't access traditional capital resources and yet demonstrate solid concepts and high growth potential that minimize risk for AVANA Capital investors.
"Our most rewarding achievement is seeing our customers achieve their business dreams and the positive impact their projects have on creating jobs and economic development in their community," explained Sundip Patel, CEO and co-founder of AVANA Capital.
The company's next milestone is to achieve $3 billion in loans by the end of 2019. "Entrepreneurs and small businesses are a vital component of the American economy. AVANA Capital takes great pride in funding their ventures, which might otherwise not come to fruition," said Sundip Patel. "Our success is due to the members of the AVANA Capital family and the diversity of our global institutional investors and clients. With their ongoing support, we intend to continue developing new loan products that drive economic growth, create jobs and deliver excellent returns for our investors."
About AVANA Capital
With roots dating back to 2002, and more than $1 billion in loans nationwide, AVANA Capital is a commercial real estate debt fund that offers private commercial real estate loans nationwide by sourcing funds from an array of accredited global investors. We leverage our expertise by lending in niche industries such as hospitality, solar and assisted living facilities and are committed to protecting our investor's capital by subjecting our investments to a meticulous review process. For our borrowers, once we commit our funds to a project we guarantee certainty of execution in closing and funding. Above all, we believe in strong values imbedded in the way we conduct our business as a team, through our employees and management. For more information visit www.avanacapital.com
SOURCE AVANA Capital
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