[Advance Smart]

I just received this from Breakout.


Valued Breakout Clients and Partners,
As we approach the mid-way point of Q1 2019, I want to share some updates about our organization and the future of Breakout.
In 2018, we reached funding milestones, introduced new innovative lending solutions through transparent and responsible funding for small businesses across the country, and incorporated proprietary technology enhancing our experience.

While 2019 has brought challenges and changes, including internally amongst our team and externally with respect to our funding alternatives, we are actively considering strategic alternatives. Until we finalize these plans, we have implemented a delay in lending this month but Breakout remains open for business. Each of you is a valuable client and partner to Breakout. We remain committed to communicating with you as we make progress on our strategic direction and, in the meantime, appreciate your patience for a brief period.
As always, if you have questions, please don’t hesitate to contact myself, Steve Safirstein (ssafirstein@breakoutfinance.com) or Jay Bhatt (jbhatt@breakoutfinance.com).

[fundingsmbs]

^ what does that even mean. Why has 2019 brought challenges and changes? Its only Feb!

[aldoracap]

This server could not prove that it is www.aldoracapital.com; its security certificate expired yesterday. This may be caused by a misconfiguration or an attacker intercepting your connection.

Sorry our cert expired. we fixed it! Thanks!

Here is the link to our APR calculator. https://www.aldoracapital.com/resour...funding_to_apr
Feel free to check our website for other resources!

[aldoracap]

Swing and a miss on their 1st post.

Sorry our cert expired. we fixed it! Thanks!

Here is the link to our APR calculator. https://www.aldoracapital.com/resour...funding_to_apr
Feel free to check our website for other resources!

[aldoracap]

As a general rule it is always a good idea to never click on a link or open a document from someone you do not know or that was sent to you unexpectedly. There are a host of phishing attacks floating around some including ransoms.

The phishing attacks are hard to go after. The ransom attacks if constantly repeated tend to get the attention of the United States Secret Service Cyber Crime Lab....no matter what the $ amount.

Sorry our cert expired. we fixed it! Thanks!

Here is the link to our APR calculator. https://www.aldoracapital.com/resour...funding_to_apr
Feel free to check our website for other resources!

[Big Mack]

Sorry our cert expired. we fixed it! Thanks!

Here is the link to our APR calculator. https://www.aldoracapital.com/resour...funding_to_apr
Feel free to check our website for other resources!

That is NOT an APR calculator- it's essentially an annualized factor rate calculator. A 1.50 over 12 months isn't a 50% APR

[Nunya]

That is NOT an APR calculator- it's essentially an annualized factor rate calculator. A 1.50 over 12 months isn't a 50% APR

LOL. Only if it's a single balloon payment and no upfront fees. That's great.

[WestCoastFunding]

^ what does that even mean. Why has 2019 brought challenges and changes? Its only Feb!

Funding milestones met default milestones.

Breakout is a company that’s needed, but I just don’t know how you get your book to perform well in that specific space with stackers ready to pounce. With my own money, id be scared to offer anything over 8 months with the lowest sell rate being 1.35.

[HDF]

Funding milestones met default milestones.

Breakout is a company that’s needed, but I just don’t know how you get your book to perform well in that specific space with stackers ready to pounce. With my own money, id be scared to offer anything over 8 months with the lowest sell rate being 1.35.

Not so sure about the defaults being the main issue here. They were touting middle single-digit default rates up until a short while ago.

Perhaps the fresh sets of eyes revealed some issues that needed to be addressed along with credit facility unsteadiness in the current climate and integration of their technology assets. I still doubt that pricing of the risk was the main issue. But you never know.

[abfunders]

So much for going out of business. I don’t think it’s a good idea to fundraise $5.3mm for a company leaving the lending space.
https://www.bizjournals.com/washingt...-adds.amp.html

[HDF]

So much for going out of business. I don’t think it’s a good idea to fundraise $5.3mm for a company leaving the lending space.
https://www.bizjournals.com/washingt...-adds.amp.html

I can confirm that they will continue lending on their balance sheet aggressively in just a few weeks. They've had multiple approaches to Fin-Tech and are undergoing a natural and healthy iteration on those diverse processes.

[Jess]

Not so sure about the defaults being the main issue here. They were touting middle single-digit default rates up until a short while ago.

Perhaps the fresh sets of eyes revealed some issues that needed to be addressed along with credit facility unsteadiness in the current climate and integration of their technology assets. I still doubt that pricing of the risk was the main issue. But you never know.

Probably, new CFOs typically encounter a lot buried bodies.