Monthly Remit Loan by Breakout Capital

Monthly Remit Loan by Breakout Capital

Breakout Capital’s Monthly Remit offers small business loans of up to $250,000 with terms from 12 to 24-months as a monthly repayment option 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.

8/10

Cost
70% Complete
Low High
Effort to Apply
50% Complete
Easy Difficult
Funding Speed
20% Complete
Minutes Months
Repayment Terms
70% Complete
Months Years

Bottom Line

A good option for anyone wanting monthly payments at a fixed payback amount. It can also serve as a replacement or bridge product for customers considering other medium-to-long-term working capital loans that typically take several weeks or even months to secure with extended underwriting and funding stipulations required on those products.

Pros

Monthly payment terms. Ability to payoff early at a discounted rate and lower qualifications than many other term loans.

Cons

Higher interest rates and lower funding amounts than similar offers.

Cost
1.12x - 1.25x factor rate
Repayment Duration
Monthly payments for 12-24 months
Funding Amount
$5,250 to $250,000
Origination Fee
2.5%
Funding Speed
1 - 2 days
Repayment Example
$10,000 (loaned amount) x 1.2 (factor rate) = $12,000
Early Repayment Discount
25% off the remaining interest owed at time of prepayment
Application Fee
None
Revenue
At least $120,000 in annual revenue
Time in Business
At least 3 years in business
Knockouts
No more than two loans or advances (does not include lines of credit). No bankruptcy within the past 12 months.

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