Breakout Capital is excited to be part of CRBF’s efforts to develop best practices which reflect the views of both responsible lenders and responsible small business borrowers.
McLean, Virginia (PRWEB) April 01, 2016
Breakout Capital, a leading provider of working capital solutions for small businesses, announced its support and position as steering committee member of the Coalition for Responsible Business Finance (CRBF).
Under the leadership of Tom Sullivan, former Chief Counsel for Advocacy in the Small Business Administration, the CRBF benefits from an advisory board of the nation’s foremost small business groups and several alternative finance CEOs who will act as an advocates for the burgeoning FinTech industry. The CRBF will establish Standards of Excellence for the industry as a set of best practices that will facilitate transparency and accountability.
“We are excited to be part of CRBF’s efforts to develop best practices which reflect the views of both responsible lenders and responsible small business borrowers. We believe our initiative will raise industry standards and will help Congress and regulators develop a better understanding of non-traditional small business finance,” stated Carl Fairbank, Founder & CEO of Breakout Capital.
Breakout Capital will be working closely with other members of the CRBF to help educate state and federal policy makers on how technology and innovation are creating new opportunities for small businesses to access capital. The CRBF’s efforts fully align with Breakout Capital’s mission to educate small business owners on the alternative forms of financing and best practices they should expect from prospective financing providers.
Breakout Capital is committed to an honest, transparent approach to lending and understands the underlying need for the CRBF to represent the best interests of small businesses on Capitol Hill.
Breakout Capital, headquartered in McLean, Va., is a small business funding company providing a wide range of working capital solutions to small businesses across the country. Breakout Capital’s product suite includes business cash advance, short and long term business loans, SBA loans, and a wide range of factoring solutions. Leveraging the management team’s extensive experience, Breakout Capital provides each small business client with an innovative, tailored funding solution. With a laser focus on honesty, integrity, transparency, and flexibility, Breakout Capital is changing the financial landscape for the millions of small businesses in need of funding. For more information, visit http://www.breakoutfinance.com.