Breakout Finance unveiled a new brand identity, including a new website, reflecting its redefined strategy focused on delivering a suite of specialized lending products to address the challenges of its small business clients throughout the U.S.
Breakout Capital, a financial technology company, merged with 12Five Capital, a Chicago-based commercial finance company with a focus on factoring, purchase order financing and asset-based lending.
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.
Breakout Capital completed a $45 million credit facility made up of a senior credit facility provided by Synovus Bank and a subordinate credit facility provided by an Austin, TX-based credit fund.
Breakout Capital has continued to expand its FactorAdvantage program in 2020, completing multiple transactions, including funding transactions for a metal fabricator, a high-tech medical device company, a pet food importer and a munitions manufacturing startup.
Breakout Capital completed two senior secured credit facilities totaling $20 million with Medalist Partners, expanding and extending a current term loan facility and establishing a new term loan facility.
Breakout Capital has promoted McLean Wilson from chief credit officer to chief executive officer and president.
Breakout Capital completed a senior secured credit facility with Medalist Partners and will resume business as a fintech lender to small businesses.
Breakout Capital Finance, a fintech lender focused on small business lending, hired Tim Buzby as its chief financial officer.
Breakout Capital, a technology-enabled small business lender, launched a new $15 million credit facility with a fund managed by Medalist Partners.