Azadian Group Hires Ryan Heckman to Head New Chicago Office

Azadian Group, a commercial financing provider in New York City and Los Angeles, has announced the opening of a full-time office in Chicago, to service existing clients in the Central U.S. and to capitalize on opportunities in the region.

The company has hired Ryan Heckman, a banking and commercial lending industry veteran, to head up business development efforts out of Chicago. Heckman was most recently Executive Vice President at LQD Business Finance in Chicago. Prior to that, Heckman spent over 25 years in banking and commercial finance, including senior-level roles at Comerica Bank, National City Bank, LaSalle Bank, and Fifth Third Bank. (

“We are very excited to have Ryan on our team, spearheading our growth in Chicago and the Midwest region,” stated Raffi Azadian, CEO of Azadian Group. “Ryan’s multi-faceted background, well-rounded skill set, deep relationships and subject-matter expertise will be of great benefit as we work to break into and expand our business in this new territory.”

Azadian Group Provides $250K to Painting Contractor To Assist With Hurricane Recovery Efforts In Georgia and Florida

The company, based in the Southeastern U.S. for over 14 years, provides commercial and residential painting services on a general and sub-contractor basis.  Experiencing a sharp increase in work requests, the company urgently needed capital to ramp up it labor force and to to purchase supplies to meet the demand for its services after widespread property damage in the region from Hurricane Irma. Azadian Group provided an initial tranche of $250,000, as a 12-month term financing, within 1 week after the request, and intends to continue to fund the company as needed.

Azadian Group Establishes West Coast Presence, Hires Regional Business Development Exec

Azadian Group has opened a full-time office in downtown Los Angeles, to service existing clients in the Western U.S. and to capitalize on opportunities in California, Texas, Arizona, Nevada and the surrounding areas.

“We are seeing an ever-increasing amount of business demand west of the Mississippi and we are very excited to establish a foothold in Los Angeles which will serve as a base of operations, enabling us to expand in this important and dynamic region”, stated Raffi Azadian, CEO of Azadian Group.

The company has also announced that it has hired Essa Thiry to head up the company’s business development efforts out of Los Angeles.  Essa was most recently managing West Coast business development efforts for Hana Financial, a commercial lender based in New York and L.A.

“We are thrilled to have Essa as part of our growing team, especially as we open our first West Coast office and start to focus on building out that territory” said Raffi Azadian. 

Azadian Group Provides $1.2MM To Urgent Care Centers

Azadian Group has announced that it has closed on a $1.2MM funding round for a Philadelphia-based network of urgent care centers. Founded in 2006, the company has 18 facilities throughout Southeast Pennsylvania and Delaware and plans to open another 5 locations over the next year. This funding represents the most recent tranche, with a total of $3.2MM provided to the company over the past 18 months. This particular tranche was used to pay off a third-party factoring facility that was not meeting the company’s needs. 

Azadian Group Provides $1.5mm to Apparel Sourcing Technology Company

Azadian Group, through its subsidiary fund Change Capital, has provided $1.5mm in short-term bridge financing to SourceEasy, a New York and Los Angeles-based, VC-backed, ethical apparel manufacturing, sourcing, and logistics company.   Utilizing its proprietary e-commerce and logistics platform, SourceEasy has greatly streamlined the supply chain, helping its clients bring products to market faster, simpler, and much more cost-effectively.

“Azadian Group helped us when no one else would.  With their funding and guidance, we were have been able to close and execute on several large, long-term contracts, tripling our revenues in less than six months and helping us to attract top-tier venture capital partners.  We are forever grateful.”, said SourceEasy CEO Pranay Srinivasan.

Azadian Group Announces Shaq Siddiqi As Its Chief Operating Officer

Azadian Group LLC is proud to announce that industry veteran Shaq Siddiqi has joined the company as Chief Operating Officer.  Shaq brings 15-plus years of commercial finance experience to his role.  Prior to joining Azadian Group, Shaq successfully undertook senior roles of increasing responsibility in the areas of portfolio management, underwriting, due diligence, field examination, sales support, and operations at Medallion Business Credit, Merchant Factors, Capital Business Credit, and Wells Fargo.

In his new position at Azadian Group, Shaq will oversee underwriting, due diligence, portfolio management, client services, sales support, investor relations, and general business operations.

Raffi Azadian, Founder and C.E.O. of Azadian Group stated: “I have known Shaq for several years and his reputation is impeccable.  I am thrilled to now be working closely with him and am confident that his unique skillset, work ethic and sales and service-focused attitude will be of great benefit to the company.”

“I couldn’t be more excited to join this growing, dynamic business and look forward to accomplishing some great things with Raffi and his team,” said Shaq.

Founded in 2003 and headquartered in midtown Manhattan, Azadian Group provides short-term financing to small and medium businesses.  Its solutions have included:

  • Bridges to third-party financing, M&A or liquidity events
  • Subordinated stretch pieces and over-advances in conjunction with senior institutional lenders
  • Interim working capital to improve a business’ financial condition in preparation for bank/non-bank financing
  • Protection against predatory merchant cash advances

Azadian Group prides itself on its fast transaction turnaround (as short as 1-2 days from submission) and flexibility with deal terms, repayment structures, collateral mixes and other deal aspects.

For additional information, please visit the company’s website at or email to

Azadian Group provides $350K to a Long Island, NY manufacturer of nutritional supplements

The company required funding to purchase ingredients to manufacture additional product to fulfill customer orders.  The company had already max'ed its funding availability with its invoice factoring lender who was unwilling to advance any additional funds.  We were able to find value in the company's assets over and above that being considered by the factoring lender and provided the necessary funds within a few days of the request.  The additional sales enabled by the funding will provide at least a 10X return on the company's cost of capital over the next 12 months. 

Azadian Group provides $300K to importer/distributor of premium tobacco products

The company is an affiliate of a firm that has been successfully manufacturing and distributing e-cigarette, vaping and hookah products for many years, primarily on the West Coast.  The company won an exclusive U.S. distribution license from a Middle Eastern supplier of premium hookah tobacco and has been importing and distributing several shipping containers of product monthly.  The company required additional capital to support strong demand for the tobacco products.  We were willing to provide the necessary funding upon receipt of shipping documents, collateralized by the products, existing AR and inventory, and cross-collateralized by the affiliate's assets (AR, inventory, and equipment).  The funding will allow  the company to import a large quantity of inventory in time to fulfill orders expected at a major tobacco trade show.  

Azadian Group provides $1.4MM to Midwest food processor

The company, in business for over 10 years, has been experiencing tremendous growth and had outgrown it's bank's financing capabilities/willingness.  After analyzing and valuing all the company's assets, including AR, equipment, inventory, and intellectual property, we were able to offer funding well in excess of that provided by the bank.  Upon completion of funding,  the company immediately completed a major equipment purchase, allowing it to execute against orders in hand, which will increase annual revenues by over $6MM.

"We appreciate your willingness to fund our company when we needed it the most...thanks for being such a great ally."  the company's CEO

Azadian Group provides $1.2MM credit facility for NYC fashion apparel manufacturer

The company has prominent floor space within a large national department store and receives monthly purchase orders that it needs to turn around quickly and deliver to the stores.  The company needed capital to fund production of the goods.  Azadian Group partnered with an accounts receivable factoring group to provide end-to-end financing for the company, allowing them to undertake more business with the buyer which will lead to a doubling of revenues in 2016.

Azadian Group provides $100K to Texas-based technology solutions provider

The company, in business for over 30 years, has been the leading provider of club management solutions for the private and semi-private club industry, which includes golf and tennis clubs, marinas, and social clubs.

The funds are being utilized to fuel the company's explosive growth and this funding represents the first tranche in a planned series. 

Azadian Group provides $200K add-on financing to Utah-based healthcare services company

This publicly-traded company provides diabetes-related monitoring and management services to members of its health insurance clients, helping to reduce healthcare costs for both insurers and employers.

The funding represents the 6th tranche of funding to this company, totaling $930K since October 2014. 

"Thank you for supporting the growth of our company."  Jeff, SVP of Finance

Azadian Group provides $100K to Southeast PA commercial painting contractor

This family-owned business is a major commercial painting sub-contractor in the Philadelphia metro area and works on commercial development and restoration projects for large general contractors.  The company has recently experienced an unexpectedly high increase in business and urgently required funding to capitalize on several near-term opportunities.  Unable to obtain adequate and timely financing from its bank, the company turned to Azadian Group's Small Business Fund which was able to provide the necessary capital within 48 hours of the request.  This allowed the company to take on new, highly-profitable business it would otherwise have had to turn away. 

Azadian Group Small Business Funding provides $80K to Philadelphia mechanical and plumbing contractor

The company, in business for over 30 years, serves as a subcontractor to major general contractors in the Philadelphia metro area on large commercial and residential construction projects.  The company was hired several months ago on a major project in downtown Philadelphia and required additional working capital to pay employees and contract workers until payments are received from the general contractor.

Despite traditional difficulties in financing construction-related businesses and especially sub-contractors, we were able to quickly finalize due diligence and provide the necessary financing in the necessary timeframe.

Azadian Group provides $200K bridge financing to North Jersey real estate developer

The developer has purchased all vacant and abandoned city-owned properties in a well-known Northern New Jersey city and has begun to rehabilitate the properties using local tradesmen and laborers, creating hundreds of jobs in the process.

The developer purchased the properties and conducted the initial rehabs using its own cash, depleting its cash reserves and making it difficult to obtain traditional bank financing. 

Azadian Group partnered with a local investment fund to quickly provide the necessary financing, along with an agreement for ongoing funding as needed.