Meet Breakout Finance
Founded in 2010, Breakout Finance is a B2B lender built around a simple goal: to empower small businesses across the United States by providing tailored financial solutions. In the past 15 years they have delivered $1 Billion+ in funding through a diverse set of products, including working capital loans, invoice factoring, asset-based lending, and purchase order financing.
“At the core of our mission lies a pledge to always put our clients first. With the needs of our clients front and center, our staff members are empowered to successfully deliver personalized support and customized financial solutions that help our business clients make progress towards their goals.”
“For the number of loans and amount of capital we wanted to deploy, our existing process was too slow to keep up with the pace we wanted. You need software with the flexibility to ingest inputs from various sources simultaneously—that’s what gives you the real advantage in underwriting.”
Breakout Finance was scaling fast, but their underwriting workflow wasn’t. Breakout Finance’s underwriters were bogged down by chasing missing files across systems, manual data entry, recalculations in spreadsheets, and making sense of all document-based submissions that were pouring in across their origination channels: digital applications, email submissions from brokers and ISOs, and direct relationships with bank partners.
Existing processes limited Breakout. Deals were missed not because they wouldn’t fund, but because existing processes were unfit to handle the high-volume loan pipeline. Underwriters were wasting time on data entry when they could be propelling growth.
Breakout Finance needed to
Previous Process for Breakout Finance:
SOLO <> Taktile Solution:
Breakout Finance implemented the SOLO and Taktile solution to expedite the intake-to-decision timeline, slash underwriting costs, and eliminate the manual data entry drag on loan processors and underwriters.
Breakout Finance was able to automatically unify data from any collection point into a dynamic system of record — PDF documents, email threads, CRMs, and APIs – so no matter where data came from, or the original form, it flowed directly into a powerful decisioning engine. Their main bottleneck, Paperwork, stopped being a blocker and became an efficiency driver.
Underwriters were able to focus on what matters: making confident credit decisions.
SOLO <> Taktile Integration helped Breakout Finance transform its lending operations and achieve:
For Underwriters:
For Lenders:
For Borrowers/Brokers:
Looking ahead, Breakout Finance is building on the momentum gained from the SOLO and Taktile integration, exploring other automation opportunities to accelerate their underwriting further and expand product offerings used to empower small businesses across the U.S.
