Breakout Capital, a Charleston, SC-based fintech company simplifying access to capital for small businesses, raised $45M credit facility.
Synovus Bank will provide the senior credit facility and an Austin, Texas-based credit fund will provide the subordinate credit facility. Under the terms of the agreement, Breakout may now obtain funding through Synovus by accessing $35m of committed capacity with an additional $10m uncommitted.
Led by McLean Wilson, CEO & President, Breakout Capital is a fintech company offering small business lending solutions including working capital term loans, invoice factoring, among other financial products. Since 2015, the company has provided nearly $500m in funding to small businesses across the U.S.
Breakout also has an office in McLean, VA.
FinSMEs
27/07/2023