Breakout Capital completed a senior secured credit facility with Medalist Partners and will resume business as a fintech lender to small businesses.
Breakout Capital, a technology-enabled small business lender, launched a new $15 million credit facility with a fund managed by Medalist Partners.
Fintech lender Breakout Capital launched FactorAdvantage, a hybrid financing solution which enables factors and invoice financing lenders to expand their markets. Charleston Capital Management provided a $50 million credit facility to support the new platform.
Breakout Capital appointed Robert Fleischmann senior vice president, Strategic Partnerships and Tom McCammon senior vice president, Business Operations.
Breakout Capital appointed Douglas J. Lanzo, formerly of Selzer Gurvitch Rabin Wertheimer & Polott, as its executive vice president and general counsel.
Breakout Capital, a technology-enabled small business lender, obtained a new revolving credit facility from Drift Capital Partners, an alternative asset management company based in Charleston, SC.