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

Average Factor: 1.39x during the quarter Advance receivables have increased Quarter over Quarter (QoQ) from $496k in Q4/2020 to $2.2M in Q1/2021 Average Term: 6.6 Months

Originated over 650 new Merchant Cash Advances (MCA’s) in the first quarter (Q1) of 2021 FAVO Capital 1 st Quarter 2021 News Highlights:

Partnered and participated in approximately $80,000,000 of News Funding FAVO Capital – Home | Facebook

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 Or visit our Investor Relation Page: https://irdirect.net/FAVO/corporate_document/3083 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) Loss reserves: 8.3% with actual losses running under 2.0% for the Quarter

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