Last Updated: 04/18/2025
Breakout Capital Business Lines of Credit
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Last Updated: 04/18/2025
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Highlights
APR (Fixed APR)
Starting at 1.25%(Verified 06/21/2024)
Disclaimer popup with additional information
Credit Score Range
600 - 850
Amount Range
Up to $1,000,000
Breakout Capital Business Lines of Credit Review
Breakout Capital Business Lines of Credit is offered by Breakout Capital, LLC, a direct lender founded in 2015 and based in McLean, VA. Breakout Capital Business Lines of Credit are available in states.
Breakout Capital Business Lines of Credit FAQ
What APRs does Breakout Capital Business Lines of Credit offer?
Breakout Capital Business Lines of Credit offers an APR that starts at 1.25% APR.
Does Breakout Capital Business Lines of Credit charge an origination fee?
Yes, Breakout Capital Business Lines of Credit charges an origination fee of 1% to 5% of the line of credit amount starting at $395 Breakout Capital Business Lines of Credit deducts the fee directly from your line of credit amount before disbursing the fund, so make sure you take this fee into account when deciding how much you need to borrow.
Does Breakout Capital Business Lines of Credit charge prepayment fees?
No, Breakout Capital Business Lines of Credit does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the line of credit balance off early.
What is the maximum term you can get with Breakout Capital Business Lines of Credit?
Breakout Capital Business Lines of Credit offers business lines of credit with a maximum term of 24 months. Having the option of longer terms allows borrowers to take on larger line of credit amounts while keeping monthly payments more affordable. However, the longer the term of the amounts you borrow, the more interest you will pay.
What do you need to qualify for Breakout Capital Business Lines of Credit?
Applicants with a credit score of at least 600 and up to 850 may be eligible for Breakout Capital Business Lines of Credit. The minimum age to be eligible is 18 or the state minimum, whichever is higher. Breakout Capital Business Lines of Credit does not have or does not disclose a minimum annual income eligibility requirement.
U.S. citizens are eligible to apply for the services offered by Breakout Capital Business Lines of Credit.
To qualify, applicants may need to provide the following documentation:
- Proof of income
- Bank account information
- Business formation documents
- Proof of identity
What is the estimated funding time for the Breakout Capital Business Lines of Credit?
Breakout Capital Business Lines of Credit can fund business lines of credit within 1 business day of approval.
What are the business financing requirements for Breakout Capital Business Lines of Credit?
To apply for Breakout Capital Business Lines of Credit, the applicant needs to provide the following documentation:
- Business license
- Business bank account
Does Breakout Capital Business Lines of Credit report your account activity to credit bureaus?
Yes, Breakout Capital Business Lines of Credit reports to the following credit bureaus:
- Equifax
- Experian
- TransUnion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help build your credit.
Does Breakout Capital, LLC perform a hard credit pull?
Yes, Breakout Capital Business Lines of Credit performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
What types of business lines of credit does Breakout Capital, LLC offer?
Breakout Capital, LLC offers both secured and unsecured lines of credit. Secured lines of credit are typically secured by a blanket lien on your assets or a certificate of deposit.
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