Breakout Capital Provides $400K Loan for NJ-Based Bottle Manufacturer

Breakout Capital provided a $400,000, 12-month working capital loan for a New Jersey-based manufacturer referred by eCapital Commercial Finance. The client manufactures both plastic and glass bottles and will use the financing to help ramp up production and meet increased demand in 2021.

The manufacturer initially sought out eCapital for a factor relationship but an existing merchant cash advance and the need for additional working capital in excess of the factoring line halted the process.

Breakout Capital refinanced the existing daily debit MCA into a 12-month weekly term loan through its FactorAdvantage program. Breakout Capital also cleared the way for eCapital to secure first lien position and begin factoring.