[KINGCASH]

They laid off most or all employees today

[fundingsmbs]

oh? whats this about

[Big Mack]

I hope that they keep their website up because I like using their APR calculator.

[WestCoastFunding]

Another A paper guy gets stacked out of business.

[WestCoastFunding]

I hope that they keep their website up because I like using their APR calculator.

Site is for sale if you want it.

[abfunders]

Where'd you get this memo?

[WhoisKingsley]

Karen is having the best valentines day ever

[Emoney]

Well I guess we don't have to deal with Carl's smart ass remarks anymore....lol...

[MCA]

Considering Carl's dad is a Billionaire and CEO of Capital One, you would think he would have access to cheap capital, if a guy like that goes under, then anyone can go under.

[HDF]

The only thing that would take Breakout down would be a field changing macro event or a scandal. I'd bet against both at this time.

[J1010]

Something happened over there. Word has it that a press announcement is coming soon. Website was still up earlier today however.

[fundingsmbs]

We have seen events happen before i.e. can capital

[Shorebird]

I will take their Trust Pilot account.

[CraaaCraaa Radio]

they ll be back under another brand

[Christian]

Their underwriting was annoyingly thorough.

[Bloomingdale Funding]

I love to hear when funding companies bankrupt or lay people off. Sad but true.

[Christian]

I love to hear when funding companies bankrupt or lay people off. Sad but true.

Not me.

[Jess]

The risks involved in SMB are real and high. They didn’t price risk properly. That said, I certainly hate to see people lose their jobs. Hopefully a minor set back for a major comeback.

[Nunya]

Has this been confirmed?

[Bloomingdale Funding]

Not me.

Do u realize how many small businesses are losing sleep because of these non licensed unregulated “financiers”?

[WestCoastFunding]

There’s a big gap between bank financing and true MCAs that’s not being properly filled. Losing someone like Breakout only hurts more. I’ve seen them do some creative tri-party deals with factoring companies to consolidate advances.

[Mynameisbob]

Interesting. I just funded a 24 month deal with them. Monthly payments.

[Christian]

Do u realize how many small businesses are losing sleep because of these non licensed unregulated “financiers”?

And so you are happy when conservative funders like Breakout go under? A funder that led the charge for higher ethical standards and even used the apr smartbox? Mind blowing

[Bloomingdale Funding]

And so you are happy when conservative funders like Breakout go under? A funder that led the charge for higher ethical standards and even used the apr smartbox? Mind blowing

Do u work at breakout or something?

[Cashman1]

Do u work at breakout or something?

Irrelevant but you sound like you work for Bloomberg!

Why in heavens name would you celebrate a funding company going under!