Breakout Funds $2M+ Before Holidays
Just before the Holidays, the Breakout Capital team funded a whopping $2.2 million in working capital to five Small Businesses across the nation! From freight and shipping companies to a growing retailer, Breakout was able to connect with and fund these borrowers within 48 hours each. Not to mention, all of these knockout deals yielded $150K or above in immediate funding.
Freight & Shipping
Total Amount: $450,000
Location: Chicago, Illinois
Term Length: 12 Months
This Chicago-based shipping company was introduced to the Breakout Team during a hiring surge. After a successful year, the borrower was looking into hiring teams of new drivers in addition to new trucks. Once they met with our specialists to lay out their needs, we were able to turn around a loan over $450K in less than 24 hours! Serviced with our Prime product, this team now has the opportunity to take advantage of custom, early prepayment schedules.
Total Amount: $700,000
Location: Westmount, Illinois
Term Length: 12 Months
The next trucking and shipping business was also based out of Illinois and growing fast. They were connected with Breakout while exploring options to expand their business by 25-30 additional vehicles over the next several months. Funded through our Prime loan product, this small business is officially empowered to tackle new benchmarks in 2023.
Total Amount: $260,000
Location: Plano, Texas
Term Length: 12 Months
The last transportation outfit funded during this productive mad dash was a Texas-based trucking company. Looking to consolidate existing loans and streamline their monthly payments, Breakout’s financial specialists consolidated four loans into a 1st position. Our efforts significantly improved their monthly payments, ultimately lowering their installments by $30K.
Retail
Total Amount: $700,000
Location: Mapleton, Utah
Term Length: 12 Months
Our team’s next loan was a $700K working capital injection to a retailer based in Utah. Looking to expand their locations and secure inventory this January, Breakout facilitated our Prime loan to fund their team within 24 hours of being introduced!
Manufacturing
Total Amount: $150,000
Location: Charleston, South Carolina
Term Length: 12 Months
Lastly, this small manufacturer in South Carolina was focused on stabilizing their finances in the New Year. After connecting with Breakout, the borrower was approved for $275K but opted to slow pay their accounts receivable through our Waive loan product and take advantage of $150K of their funding. With Waive, they face no prepayment penalties with 100% of remaining interest waived starting 30 days post-funding.
With 2022 wrapped up on a truly great note, the Breakout Team is already attacking 2023 with the same energy! We’re looking forward to working with our valued partners and borrowers to provide continued financial support in the New Year.
