Breakout Capital Finance partnered with Bibby Financial Services to complete its first $200,000 FactorAdvantage deal.
The deal will allow a freight transportation company in Florida to consolidate two MCA’s that were draining its working capital and hurting the company’s monthly cash flow. The company will use the funding to make payroll and grow the business to 10 trucks by the end of 2018.
“Empowering small businesses so they can grow and be sustainable is at the core of everything we do at Breakout Capital Finance,” said James Mendelsohn, chief operating officer and chief revenue officer of Breakout Capital. “Our partnership with Bibby Financial will allow us to help more entrepreneurs improve cash flow and realize their dreams.”
Breakout Capital Finance’s FactorAdvantage offering helps factoring companies and their clients grow their businesses.
