Breakout Capital recently introduced a new monthly repayment loan product, the Breakout Monthly Remit Loan, which was introduced to serve qualified (prime or near-prime) merchants who are looking for working capital over terms up to 24 months on a more traditional repayment basis (monthly). The Breakout Monthly Remit Loan can also serve as a replacement or bridge product for customers considering SBA loans, bank loans/LOCs, and/or 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. High level product details are summarized below:
  • Term: 12 to 24 months
  • Buy rates: Starting at 1.15x
  • Maximum Loan Size: $150K (will selectively consider high quality files up to $200k)
  • Maximum Loan Size to Monthly Revenue: up to 150% of monthly revenue, depending on loan size and term
    • $100K and above, loan amount must be less than 100% of monthly revenue
  • Revolving line: merchant can draw additional capital after two scheduled payments, subject to a quick re-underwriting
    • If drawing only re-paid principal, there will be no increase in scheduled periodic payment
    • No double dipping (saves $2,500 to $10,000+ on each renewal)
    • Add-ons typically funded same day
  • Early repayment discount available on every loan
  • Basic Qualifications
    • Min 640 FICO score
    • Min 3 years in business
    • Average daily balance at least 2x monthly payment over last six months
    • Preferred industries only
    • Non-consolidation, unless single position with an “A”-paper lender
      • Will not buy-out “high risk” funders
      • No net requirement, but preferred (single position, “A”-paper buyout only)
    • Profitability not required
    • Commissions fixed at 5%; paid next day via ACH
      • This is meaningfully higher than standard commission of 2% with other monthly pay products
      • Underwriting / qualification criteria is much more flexible and expeditious than monthly pay competitive products

Please call or email me for more details regarding the Monthly Remit Loan and other Breakout Capital products

Steven Safirstein
Vice President of Sales & Head of ISO Relations
Breakout Capital Finance, LLC
6849 Old Dominion Drive, Suite 360, McLean, VA 22101
O: 703 852 6013 steven@breakoutfinance.com