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Breakout Capital

in Business Loans

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Breakout Capital

Unaffiliated

in Business Loans

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Overview

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).

What are Breakout Capital’s rates?

Breakout Capital offers business loans with fixed APRs starting from 36% to 60%.

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 disbursing loan proceeds, 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?

Breakout Capital considers loan applications for business purposes, such as:

  • Business Debt Refinance
  • Equipment Purchase
  • New Location
  • Product or Service Expansion
  • Working capital

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
  • Lines of Credit
  • SBA Loans
  • Invoice Financing
  • Merchant Cash Advances

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. Businesses must have a minimum annual revenue of $10,000.

Only U.S. citizens can apply for a loan. Breakout Capital only considers borrowers who are employed or self-employed.

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 may report credit data to the following credit reporting agencies:

  • Experian
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Contact

  • Headquarters
  •   6862 Elm St
    Floor 3
    McLean, VA 22101 USA
  •   Visit Site

Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

No Fees
No Prepayment Fee
 
List of Fees
Origination Fee ($)
Starting at $395
Origination Fee
2.5%
Credit Score Range
600 - 850
850 300 600
Immigration Status Considered
  • U.S. Citizen
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Minimum Revenue
$10,000
Dollar Amount
Loan Amount
$5.25K - $500K
    $25 $1M+
Integer
Loan Term (Months)
1 - 24
    1 360
Percentage
APR
36% - 60%
    0% 100%+

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