AVANA provides entrepreneurs a hand-up in Phoenix metropolitan area
Staff Reports | Digital Free Press
AVANA Companies a family of lending and investment platforms, is celebrating 20 years of making a positive impact in the Valley of the Sun business community around them.
Brothers Sundip and Sanat Patel founded AVANA with a vision to provide entrepreneurial capital to disadvantaged business owners, according to a press release.
With a mission of “Capital for a Better Tomorrow,” AVANA’s global teams build custom loans and investment opportunities that create jobs, stimulate economic growth, and contribute to clean energy initiatives. Since 2002, the team at AVANA has managed over $1.3 billion in assets, created over 10,000 jobs, and helped hundreds of businesses flourish, the release states.
“Many of our customers are entrepreneurs who started the same way my brother and I did. They are immigrants who have a clear vision and a strong belief in the American dream that anyone can succeed, but they need financial support,” said Sundip Patel, CEO and co-founder of AVANA. “We know firsthand the entrepreneurial grit that it takes to overcome obstacles, so we built a compassionate team of problem solvers who are invested in supporting our customers’ needs.”
The AVANA Family of Companies includes AVANA Capital and Extensia Financial Credit Union, which connect small business owners across 39 states with access to private capital in industries such as commercial real estate, hospitality, renewable energy and cannabis.
The LendThrive platform provides short-term, fixed-rate loans in about 24 hours, while AVANA’s newest service, called EqualSeat, offers fractional investment opportunities with institutional investors and accredited individual investors, the release states.
“As we reflect on our 20-year journey, it’s not about the success of the company but rather the shared success of the people who work at AVANA. Their dedication is the reason we are here today,” said Sanat Patel, co-founder and chief lending officer at AVANA. “The team at AVANA inspires one another and we hold ourselves accountable to stay true to our values of putting people first, doing the right thing, and making a positive impact on our world.”
