Features

Where does Breakout Capital do business?

Breakout Capital is a direct lender based in McLean, VA. It was founded in 2015 and offers access to business loans in 50 states (and Washington, DC)..

Does Breakout Capital charge an origination fee?

Yes, Breakout Capital charges a loan origination fee of 2.5% of the loan amount starting at $395 Breakout Capital deducts the fee directly from your loan amount before depositing your money, so make sure you take this fee into account when deciding how much you need to borrow. 

What limitations does Breakout Capital set on the purpose of the loan?

Some lenders only provide business loans for certain purposes. Breakout Capital offers considers loan applications for the following reasons:

  • Equipment purchase
  • New location
  • Product or service expansion
  • Working capital
  • Business debt refinance

What types of business loans does Breakout Capital offer?

Not all business loans are made equal. The type of loan you choose will determine the range of rates and terms you receive. Breakout Capital provides access to the following business loan types:

  • Unsecured term loans
  • Secured term loans
  • SBA loans
  • Invoice financing
  • Merchant cash advances

Does Breakout Capital charge a late fee?

No, Breakout Capital will not charge you a late fee. Yes, Breakout Capital charges borrowers with a late payment fee.

Does Breakout Capital charge prepayment fees?

No, Breakout Capital does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.

How much can you borrow from Breakout Capital?

Loan amounts start at $5,250 and go up to $500,000.

What is the maximum loan term you can get with Breakout Capital?

Breakout Capital offers business loans with terms ranging from 1 to 24 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

What do you need to qualify for a loan with Breakout Capital?

Applicants with a credit score of at least 600 can apply for a loan via Breakout Capital.

Breakout Capital does not require borrowers to have been in business for a minimum number of years. Active duty servicemembers and their covered dependents are eligible to apply for a loan via Breakout Capital. Its rates and terms fall within the limits of The Military Lending Act.

Only U.S. citizens can apply for a loan.

What is the estimated funding time for a business loan via Breakout Capital?

Breakout Capital can provide a credit approval decision in less than an hour and fund the loan within 1 business day.

Does Breakout Capital report loan payments to credit bureaus?

Breakout Capital reports credit data to the following credit reporting agencies:

  • Experian

  • Credit Score Range
    600 - 850
  • Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Other
    • Retired
    • Self-Employed
  • Immigration Status Considered
    U.S. Citizen
  • Military Status
    • Active Duty Military
    • Military Dependent
    • Non-Military
    • Veterans
  • Minimum Revenue
    $10000
  • No Prepayment Fee
  • Origination Fee ($)
    Starting at $395
  • Origination Fee
    2.5%
  • Business Loan Type
    • Unsecured Term Loan
    • Secured Term Loan
    • SBA Loan
    • Line Of Credit
    • Merchant Cash Advance
    • Invoice Financing
  • Intended Use of Funds
    • Business Debt Refinance
    • Equipment Purchase
    • Lease Improvements
    • New Location
    • Product or Service Expansion
    • Working Capital
  • Credit Bureau Reporting
    Experian
  • Funding Time Range (in days)
    1 - 2
  • Loan Amount
    $5250 - $500000
  • Loan Term Range (Months)
    1 - 24
  • Max Loan Term (Months)
    24
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