Breakout Capital has provided more than $100 million in funding so far this year, reaching the milestone in July even as businesses face the uncertainty of high inflation, rising interest rates and a looming recession.
“We constantly strive to think outside of the box and quickly deliver the solutions our clients need to support their businesses objectives,” Greg Hitt, vice president of partnerships at Breakout Capital, said. “Our goal is to provide maximum value with minimal hassle.”
Below are selected highlights of Breakout Capital’s transaction activity in July:
Company Type: Healthcare Consulting
Total Amount: $350,000
Location: Atlanta
Term Length: 12 months
An Atlanta-based anesthesiologist company was in need of immediate funding to cover payroll expenses. After meeting with a Breakout Capital specialist, the business received $350,000 in working capital through Breakout Capital’s Waive product in just a few days while awaiting payments for rendered services.
Company Type: Engineering and IT Consulting
Total Amount: $205,000
Location: Triangle, VA
Term Length: 12 months
A client in Virginia received $205,000 to refinance outstanding debt and lower its monthly payments, giving it more financial flexibility while waiting for government contract payments. In less than 48 hours, Breakout Capital processed the client’s application and provided funding through its Prime product, which helped consolidate debt, address payroll needs and free up cash flow.
Company Type: Medical Practice
Total Amount: $100,000
Location: Plano, TX
Term Length: 12 months
Breakout Capital provided a $100,000 working capital injection for a physician’s office out of Texas. A strategic partner of Breakout Capital provided medical equipment financing for the client while Breakout Capital funded the working capital needed to enhance cash flow as part of the equipment investment that will help the client expand. The financing was funded through Breakout Capital’s Waive product.
Company Type: Wood Manufacturer
Total Amount: $360,000
Location: Phoenix
Term Length: Nine months
An architectural millwork manufacturing business in Phoenix received a $360,000 loan within two business days, helping it increase its cashflow. Through a refinancing opportunity and additional working capital, the company was able to purchase new equipment and support payroll. Financing was secured through Breakout Capital’s Prime product.