Results 51 to 62 of 62
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02-22-2019, 11:17 AM #51
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).
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02-22-2019, 12:02 PM #52
- Join Date
- Feb 2018
- Posts
- 1,349
^ what does that even mean. Why has 2019 brought challenges and changes? Its only Feb!
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02-22-2019, 02:59 PM #53
- Join Date
- Feb 2019
- Posts
- 6
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!
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02-22-2019, 03:00 PM #54
- Join Date
- Feb 2019
- Posts
- 6
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!
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02-22-2019, 03:01 PM #55
- Join Date
- Feb 2019
- Posts
- 6
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!
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02-22-2019, 04:51 PM #56
- Join Date
- Aug 2017
- Posts
- 250
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02-22-2019, 05:17 PM #57
- Join Date
- Mar 2017
- Location
- Nunya
- Posts
- 830
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02-22-2019, 09:57 PM #58
- Join Date
- Oct 2016
- Posts
- 4,318
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.
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02-23-2019, 12:35 PM #59
- Join Date
- Jul 2015
- Posts
- 1,202
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.
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03-04-2019, 04:41 PM #60
- Join Date
- Feb 2017
- Posts
- 3,460
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
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03-04-2019, 05:17 PM #61
- Join Date
- Jul 2015
- Posts
- 1,202
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03-05-2019, 08:57 AM #62
- Join Date
- May 2017
- Posts
- 170
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