Digital Ignite, LLC
“The experience was not rushed, and I felt comfortable the whole time. I would 100% refer a new business to Breakout for a great experience and the capital they need to grow their business. The team is local to Charleston, and they care about the long-term relationship with the companies they do business with.”
Mike Samet | Founder & CEO
COMPANY
Digital Ignite is a full-service digital marketing agency using radical data-informed strategies to grow businesses and ignite sales.
Over several years, the team has honed a strategic approach to digital marketing. They begin each project with the desired outcome and draw upon proprietary tool kit of data-informed solutions including artificial intelligence, machine learning, and data analysis. They constantly test, evolve, and refine methods, delivering extraordinary results for its clients and their bottom line.
CHALLENGE
After buying out his partner, Mike Samet, the owner of a growing digital marketing agency in Charleston, was determined to scale and achieve sustainable growth. Initially, the strategy involved invoice factoring to secure long-term liquidity. However, the road was not smooth. Mike came to find that the business was burdened with multiple merchant cash advance loans. These loans had existing UCCs (Uniform Commercial Code filings) that prevented the factoring partner from providing the necessary funding. This situation created a barrier for Mike and his team to achieve their goals.
SOLUTION
Mike was introduced to Breakout in-person by the factoring partner. From there, Breakout and Mike immediately formed a connection, igniting a powerful sense of “local partnership”. Breakout was able to consolidate the existing debt into a single loan, effectively clearing the UCCs tied to the merchant cash advance loans. This move not only simplified the business’s debt structure but also resulted in savings on debt payments. With the UCCs cleared, the factoring partner was now in a position to fund the client, providing the much-needed liquidity to scale the business.
RESULT
The consolidation of debt and subsequent funding from the factoring partner marked a turning point for the business. With the new funding in place, Digital Ignite was well-positioned to scale its operations, achieve stable long-term growth and capitalize on new opportunities. This local partnership with Breakout not only resolved immediate financial challenges but also laid a strong foundation for future success.
CLIENT TESTIMONIAL
“When I purchased majority control of Digital Ignite earlier this year I inherited a cumbersome debt stack. Almost immediately I was bombarded with dozens, if not hundreds of texts, from brokers and hard money lenders to refinance the stack.
The calls and texts ranged from people who were auditioning for the mafia to people who were obviously on commission and had no care for the long-term success of Digital Ignite and our team here.
I was introduced to Breakout Finance via a local partner of my firm. I met David and we spoke on camera over the phone. I was able to meet him and the team in person and shake hands with them. The experience was not rushed, and I felt comfortable the whole time. I would 100% refer a new business to Breakout for a great experience and the capital they need to grow their business. The team is local to Charleston, and they care about the long-term relationship with the companies they do business with.”
- Mike Samet | Founder & CEO
