6th Avenue Capital, a provider of small business financing solutions, announced the appointment of three senior members to their business development team. Mitchell (Mitch) Levy, Marc Seidel and Gary Lockwood were named to lead the sales teams. The new hires follow last year’s appointments of Christine Chang as CEO and Darren Schulman as COO and a $60 million commitment in capital from a large institutional investor.
Mr. Levy joins 6th Avenue Capital as strategy officer, overseeing the company’s business origination strategy. He brings more than three decades of alternative financing experience across multiple disciplines including origination, underwriting, investing, operations and legal. Prior to 6th Avenue Capital Mr. Levy held executive and senior level positions across various small business funders, including managing director at OQUITY, chief strategy officer at Capify, and CIO at Bizfi (formerly Merchant Cash & Capital).
“6th Avenue Capital has quickly established itself as a major force in the merchant cash advance business,” Mr. Levy said. “In this role, I have a great opportunity to work closely with the leadership team and our strategic partners to help small businesses across the country gain fast and efficient access to capital in times of immediate need.”
Mr. Seidel joins 6th Avenue Capital as vice president, business development. He spent more than 10 years at Bizfi, where he started his career in the alternative financing industry as a risk analyst and worked his way to a senior underwriter position, ultimately landing a business development role where he was responsible for managing relationships with independent sales organizations and driving deal demand.
Mr. Lockwood joins 6th Avenue Capital as business development manager. Prior to 6th Avenue Capital, Mr. Lockwood built and led a consulting business where he opened several business financing sales offices. He was a senior vice president of partnerships at Fundation and also worked at AmeriMerchant (now Capify) as its director of business development.
“Adding these industry veterans in business development will undoubtedly advance our mission to expand our existing network of ISO’s and other strategic partners to ensure small businesses have access to capital in hours,” Ms. Chang said. “We are proud to have built a leadership team of financial industry experts with extensive backgrounds across economic cycles.”