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  Breakout Capital Business Loans

Breakout Capital Business Loans

in Business Loans from Breakout Capital, LLC

Unaffiliated

Breakout Capital Business Loans

Unaffiliated

in Business Loans from Breakout Capital, LLC

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Highlights
Loan Amount $5,250 - $500,000
APR 36% - 60%
Loan Term (Months) 1 - 24 months

Breakout Capital Business Loans Review

Breakout capital is a business financing offering by Breakout Capital, LLC, based in McLean, VA. Founded in 2015, Breakout Capital, LLC offers access to small business loans in 50 states (and Washington, DC).

Breakout capital FAQ

What are Breakout capital’s rates?

Breakout capital offers a business financing product that ranges from 36% APR up to 60% APR.

Does Breakout capital charge an origination fee?

Yes, Breakout capital charges a loan origination fee of 2.5% of the business loan amount starting at $395 Breakout capital deducts the fee directly from your business 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 business loan?

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

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

What types of small business loans does Breakout capital offer?

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

  • Unsecured Term Business Loans
  • Secured Term Business 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 business loan off early.

How much can you borrow from Breakout capital?

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

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

Breakout capital offers small 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 Breakout Capital Business Loans?

Breakout Capital Business Loans 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 to be considered.

Applicants with a credit score of at least 600 and up to 850 may be eligible for Breakout Capital Business Loans.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Breakout Capital Business Loans. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Breakout Capital Business Loans.

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 business loan within 1 business day.

Does Breakout Capital Business Loans report your account activity to credit bureaus?

Yes, Breakout Capital Business Loans reports your account activity to the following credit reporting agencies:

  • Experian

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

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Contact

  • Headquarters
  •   1451 Dolley Madison Blvd Suite 200
    McLean, VA 22101 USA
  •   Visit Site

Other Services by Breakout Capital, LLC

Availability

  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 Prepayment Fee
Origination Fee ($) Starting at $395
Origination Fee (%) 2.5%
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 $10,000
Credit Bureau Reporting Experian
Funding Time Range 1 - 2 days
Loan Amount $5,250 - $500,000
APR 36% - 60%
Loan Term 1 - 24 months

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