FAVO Capital is pleased to announce its financial results for the first quarter of 2021

FAVO Capital is pleased to announce its financial results for the first quarter of 2021

FAVO Capital 1 st Quarter 2021 Business Highlights: FAVO Capital – Home | Facebook

Originated over 650 new Merchant Cash Advances (MCA’s) in the first quarter (Q1) of 2021 Average Term: 6.6 Months

Average Factor: 1.39x during the quarter Loss reserves: 8.3% with actual losses running under 2.0% for the Quarter

Advance receivables have increased Quarter over Quarter (QoQ) from $496k in Q4/2020 to $2.2M in Q1/2021 Partnered and participated in approximately $80,000,000 of Business Funding

Vincent Napolitano, CEO, stated, “I am very pleased with the performance, the diversity across industry and the momentum of the portfolio during Q1. In such a short period since inception I believe we have exceeded all my expectations.” EBITDA Adjustments totaled $516,900 which includes a $336,000 Initial Start Up Cost making the adjusted EBITDA ($95,800)

More About FAVO Capital Inc.:FAVO CAPITAL is a Direct Funding Company, which provides customized, short-term funding to small and mid-sized businesses nationwide. FAVO Realty is a Real Estate Investment Company which invests in a diversified portfolio of quality commercial real estate properties throughout the United States. “FAVO” is “Honeycomb” in Latin – The Honeycomb (Hexagon) is the most efficient shape in the universe. FAVO Realty Inc. intends to be Efficient, Flexible & Durable. Or visit our Investor Relation Page: https://irdirect.net/FAVO/corporate_document/3083 You can view “Favo Capital Quarterly Financial Statements March 31, 2021.pdf” at: https://documentcloud.adobe.com/link/track?uri=urn:aaid:scds:US:cd5dd6ea-6ce3-4f6f-ad3a-312cfe106419

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  • FAVO Capital is pleased to announce its financial results for the first quarter of 2021
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