Breakout Capital Closes $20MM in Credit Facilities with Medalist Partners

Breakout Capital, a McLean, VA-based fintech company offering small business lending solutions, 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 with forward flow features with its long-time lending partner.

These facilities will allow Breakout to increase loan originations across all of its product offerings, including its term-loan product, FactorAdvantage, and its newest factor product, FactorBridge.

“I am pleased to continue our successful relationship with Medalist Partners. Medalist is a disciplined and engaged credit facility provider who shares our vision and believes in the strong value we bring to small businesses across the country,” McLean Wilson, CEO and chief credit officer for Breakout Capital, said. “The expansion of this strategic relationship will accelerate the growth of our ‘white-hat’ brand and the continued introduction of innovative new lending solutions to the market.”

“We are pleased to enhance our relationship with Breakout Capital in our asset-based lending strategy,” John Slonieski, director of private credit for Medalist Partners, said. “Their high-quality underwriting and SMB-friendly lending solutions, coupled with their talented credit and management team, provide us confidence as we continue working closely with them to successfully scale their lending program.”

Breakout Capital has in parallel raised its loan size up to $1 million while continuing to offer loan terms of up to 24 months, offering flexibility through FactorBridge to provide shorter-term solutions that bridge to longer-term Breakout Capital loans.

“The increase in our maximum term loans provides much-needed additional liquidity to small businesses, enabling them to implement critical strategies and capitalize on time-sensitive opportunities during these unprecedented times,” Wilson said. “It also facilitates powerful dual factoring-loan solutions where we provide critical working capital loans to SMBs in tandem with accounts-receivable based factoring platforms offered by our valued factor partners.”

Medalist Partners is an SEC registered investment manager with approximately $2.4 billion in assets under management as of June 30, 2020.