In a relatively brief period of time, Narin Charan has radically altered the way small business owners secure the capital necessary for a company’s continued growth. Narin, the founder of Capital Alliance, brought a fresh, new perspective to the lending industry when he first introduced his tech-enabled company in 2008, a period of economic instability in which small businesses were being hit the hardest.
During the time that’s passed since Narin created the company, Capital Alliance has continued to grow and now offers its clients unsecured loans of up to $1 million. Even though the company has grown, its core principles have not changed, as Narin continues to emphasize the relationship-based approach to lending upon which the company was founded.
While other lenders continue to favor outdated lending models, Narin believes in a more efficient and less frustrating approach that yields a mutually beneficial outcome for both the lender and the client. Judging by the reputation his company has cultivated among clients, Narin has good reason to feel confident in Capital Alliance’s lending philosophy.
Do you know what steez is? If so, how do you express your steez?
It’s not an expression I use or hear all that frequently, but I’ve always expressed myself in ways that might be considered unique or outside of the norm. The way I’ve expressed myself has changed over the years, so now my steez is expressed as I work to evolve the established lending models to be simpler and more efficient.
When you were younger what was your dream occupation?
My interests have always been diverse, so there were a lot of jobs I envisioned for myself during my youth. Even though it wasn’t something I thought about when I was younger, the work I do with small business owners has been better than any of the occupations I dreamed about.
Who/What inspired you to get into your current field?
With the burden of the recession falling disproportionately on the backs of small business owners, I was inspired by the opportunity to do something to ease that burden by creating Capital Aliance.
What is one current trend that excites you?
Technology is part of the reason my company has been so successful in an industry that remains reluctant to evolve, so I am excited by the technological trends that enable companies like Capital Alliance to show the benefits of an updated approach.
What would you consider your biggest accomplishment?
I founded my company to address a widespread issue, so the fact that we’ve been able to help so many people is an accomplishment that brings me great pride.
What do you think of social media? Has it made an impact on your professional career?
I believe lending companies best serve their clients by being fully transparent, and social media is a great tool for communicating with the public about the realities of the lending industry. It’s been wonderful for my company and my career.
If you were ever to start again, would you do anything differently?
Absolutely not. I stand by all the decisions I’ve made over the years, even the ones that didn’t work out the way I hoped.
What do you see for the future?
I see a future in which companies find new ways to use advances in technology to adopt an approach that is far more client-centric than ever before.
What’s one piece of advice you can tell our readers?
There was a time I worried about the validity of my ideas because they seemed so obvious to me, yet no one else in the industry seemed to be doing anything even remotely similar. Based on that experience, my advice is simple: When you believe in your idea, don’t worry about whether that idea is in the majority. You’ve just got to trust that you are right and everyone else is not.