Steve russell, CEO of SecurCapital commented: âWe are delighted to have found a highly respected team and an innovative business model in the area of ââfinance for small businesses. I share the vision of the founder of the enormous potential of FactorAdvantage. loan solution and I think we now have the platform and the capital to quickly develop this industry-changing product. We couldn’t have found a better company to complement SecurCapital’s strategic vision for empowering small businesses. companies.
Founder of Breakout Capital Finance, Carl Fairbank added, âAfter four years as Founder and CEO of Breakout Capital Finance, this transaction opens the next chapter in Breakout Capital’s lending business. SecurCapital is also committed to disseminating best practices to promote change in the broader market. I believe Breakout Capital, in partnership with SecurCapital, is now well positioned for substantial growth, not least through its commitment to FactorAdvantage. âMr. Fairbank will provide strategic advice during the transition, but has stepped down as CEO of the lending activity to focus on innovation in cutting-edge technologies, including artificial intelligence, machine learning and blockchain.
Tim buzby has been appointed new CEO of Breakout Capital. He spent 17 years at Farmer Mac, in leadership roles, culminating as CEO. Notably, he oversaw a 58% increase in the company’s profits and an almost 4-fold increase in the share price and strategically matured the company into a leader in the agricultural lending industry.
Breakout Capital has also hired Mclean wilson, former CEO of Charleston Capital, SME asset manager, and former CEO of Factor, a factoring company, as Chief Credit Officer. Mr. Russell added: âWith the appointment of Tim as CEO and the addition of McLean to the management team, we expect Breakout Capital to not only continue its role in the industry as a product innovator and transparent lender, but also providing financing solutions to a much broader range of small businesses.
Breakout Capital is committed to maintaining the high ethical standards, best practices, APR-based disclosure, and competitive pricing for which it has always been known.
About Breakout Capital
Breakout Capital, headquartered at McLean, Virginia, has been and will continue to be a leading financial technology company, providing innovative lending solutions to small businesses across the country. As part of SecurCapital, Breakout Capital will remain committed to transparent and accountable lending solutions through product innovation, training on small business borrowing and advocating for abusive lending practices and will continue to empower small businesses through appropriately sized loans, suitability testing, improved conditions and supporting long-term small business financing goals. Breakout Capital has been widely regarded as the âwhite hatâ lender in the alternative finance space and intends to maintain this reputation within SecurCapital.
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Breakdown capital www.breakoutfinance.com
SecurCapital is headquartered in a larger Los Angeles, California with locations in San Diego, Atlanta, Baltimore and Washington, DC. SecurCapital provides proven supply chain financial services and advisory services to logistics companies from a seasoned team of logistics and finance professionals. SecurCapital provides mid-size and start-ups with access to working capital, M&A advisory, technology enablement, and mission critical services for all of their supply chain needs. SecurCapital offers freight forwarders, truckers, customs brokers, 3PLs, wholesalers, 4PLs, suppliers, Veteran Owned Small Businesses (VOSBs), minority owned businesses and government contractors online access to a wide range of services.
Disclaimer Regarding Forward-Looking Statements: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, ” could “,” in progress, “” plan “,” potential “,” foresee “,” project “,” should “,” will “,” would “, or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements do not constitute a guarantee of future performance or results and will not necessarily be precise indications of when or by which such performance or results will be achieved. are based on information available at the time the statements are made and involve known and unknown risks, uncertainties and other factors that may cause our results, activity levels, performance or achievements to be materially di fferent from the information expressed or implied. by the forward-looking statements contained in this press release.
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SecurCapital Corp www.securcapital.com
SOURCE Breakout Capital