Short-Term Loan by Breakout Capital

Short-Term Loan by Breakout Capital

Breakout Capital offers small business loans of up to $200,000 with terms from 6 to 24-months and daily, weekly, or monthly repayment options available to qualified customers. With a focus on transparency, customer service, and responsible lending, Breakout offers unique features with each and every loan: Early repayment benefits, graduation rates, no double dipping, and no hidden or junk fees. Their sales team supports you through the entire funding process, answering your questions every step of the way.

Cost
80% Complete
LowHigh
Effort to Apply
50% Complete
EasyDifficult
Funding Speed
30% Complete
MonthsMinutes
Repayment Terms
50% Complete
MonthsYears

8/10

Bottom Line

If you are rebuilding your credit, this is a great alternative to higher-priced cash advance products.

Pros

Can lend to lower credit scores than other term loans. Offers a fixed payback amount; there is no established interest rate that accrues over the life of the loan. Ability to payoff early at a discounted rate, 25% off the remaining interest owed.

Cons

Potentially only 6 months to pay off.

Qualification requirements

Time in Business

At least 1 year in business

Annual Revenue

At least $120,000

Other Requirements

No more than two loans or advances (does not include lines of credit). No bankruptcy within the past 12 months. Any tax lien must be satisfied or on a payment plan.

Cost
1.25% - 3.5% interest per month
Repayment Duration
Weekly or monthly payments for 6 to 24 months
Funding Amount
$5,250 to $250,000
Origination Fee
2.5%
Funding Speed
1 - 2 days
Repayment Example
$10,000 (loaned amount) x 1.25% (rate per month) x 12 months (term) + $10,000 (principal amount) = $11,500 (total repayment)

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