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E-invoicing, SCF & E-procurement

SecurCapital acquires Breakout Capital Finance's lending business

Friday 19 July 2019 | 08:58 AM CET

SecurCapital, a supply chain and financial services provider has revealed the acquisition of the lending business of Breakout Capital Finance, a small business lender.

SecurCapital is also providing additional equity capital to drive growth in Breakout Capital Finance's two primary lending products: its term-loan product and its FactorAdvantage lending solution for small businesses that utilize factoring to finance their business. The acquired lending business assets will be operated by a subsidiary of SecurCapital that will conduct business as Breakout Capital.

SecurCapital, through a series of strategic acquisitions, provides supply chain and financial services to small businesses primarily in the logistics industry, including veteran-and minority owned businesses.

More: Link
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