6th Avenue Capital, a provider of alternative small business funding, today announced the promotion of Darren Schulman to president, effective immediately. In his new position, Mr. Schulman has oversight over originations, underwriting, operations, collections and strategic initiatives. He previously served as COO, and will continue to report directly to CEO Christine Chang.
Both Ms. Chang and Mr. Schulman have been appointed to the company’s board.
“We are extremely fortunate to have a well-respected industry expert and innovator like Darren on our leadership team,” Ms. Chang said. “He’s made immeasurable contributions to our strategic direction and growth since joining us last year. I am confident Darren will continue to play a critical role in guiding our business forward in his new position as president.”
Mr. Schulman brings two decades of experience in small business financing and additional experience in banking to his new position. He joined 6th Avenue Capital in March 2017. Previously, Mr. Schulman served as COO at Capify (formerly AmeriMerchant), a global small business financing company, and was president and CFO at MRS Associates, a business process outsourcing (BPO) company specializing in collections. He was also an EVP at MTB Bank.
“6th Avenue Capital is made up of exceptional individuals who are focused daily on advancing the capital needs of small businesses. I am honored by the promotion and delighted to be joining the board with Christine,” Mr. Schulman said. “Together we will continue to set a strategic course for our company and build on the momentum we’ve established over the past year helping small businesses across the country grow.”