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Headway Capital

in Business Loans

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Headway Capital

Unaffiliated

in Business Loans

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Overview

Where does Headway Capital do business?

Headway Capital is a direct lender based in Chicago, IL. It was founded in 2014 and offers access to business loans in 36 states across the USA.

What are Headway Capital’s rates?

Headway Capital offers business loans with fixed APRs starting from 40% and up to 80%.

Does Headway Capital charge an origination fee?

Yes, Headway Capital charges a loan origination fee of 2% of the loan amount. Headway 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 Headway Capital set on the purpose of the loan?

Some lenders only provide business loans for certain purposes. Headway Capital provides funds for any legitimate business purpose, which includes:

  • Business Debt Refinance
  • Equipment Purchase
  • Hiring
  • Inventory
  • New Location
  • Payroll
  • Product or Service Expansion
  • Technology Investment
  • Working capital

What types of business loans does Headway 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. Headway Capital provides access to the following business loan types:

  • Lines of Credit

Does Headway Capital charge prepayment fees?

No, Headway 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 Headway Capital?

Loan amounts start at $5,000 and go up to $100,000.

What is the maximum loan term you can get with Headway Capital?

Headway Capital offers business loans with terms ranging from 12 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 Headway Capital?

Applicants with a credit score of at least 500 can apply for a loan via Headway Capital.

Headway Capital requires businesses to be in business for at least 6 months.

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

To qualify, applicants may need to provide the following documentation:

  • Proof of Identity
  • Proof of Income
  • Recent Bank Statements
  • What is the estimated funding time for a business loan via Headway Capital?

    Headway Capital can approve (or deny) a loan application within 24 hours and fund business loans within 1 business day of approval.

    Does Headway Capital report loan payments to credit bureaus?

    Headway Capital does not report to any of the credit bureaus. Lenders are not required to report to the credit bureaus. However, making regular payments to a lender that reports to one or more credit bureaus may help you improve your credit score.

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    Contact

    Message from Headway Capital

    What could your business achieve with a $100,000 line of credit? Our True Line of Credit™ offers small businesses a unique solution with everyday revolving access, transparent terms, and no prepayment penalty. Draw funds whenever you need them, up to your available credit limit, and receive money by the next business day. Choose from monthly or weekly payment options over the course of 12, 18, or 24 months. Apply today to gain access to our product trusted by thousands of loyal customers!

    Availability

    Available in 36 States
    • Alabama
    • Arizona
    • California
    • Colorado
    • Delaware
    • Florida
    • Georgia
    • Idaho
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Louisiana
    • Maine
    • Maryland
    • Massachusetts
    • Minnesota
    • Mississippi
    • Missouri
    • Nebraska
    • New Hampshire
    • New Jersey
    • New Mexico
    • New York
    • North Carolina
    • Oklahoma
    • Pennsylvania
    • South Carolina
    • Tennessee
    • Texas
    • Utah
    • Virginia
    • Washington
    • Wisconsin
    • Wyoming

    Feature Breakdown

    No Prepayment Fee
    Origination Fee
    2%
    Minimum Months in Business
    6
    Military Status
    • Non-Military
    • Veterans
    Credit Score Range
    500 - 850
    850 300 500
    Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
    Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Self-Employed
    Minimum Revenue
    $50,000
    Verification Documents Required
    • Proof of Identity
    • Proof of Income
    • Recent Bank Statements
    Loan Term (Months)
    12 - 24
    1 360
    Loan Amount
    $5K - $100K
    $100 $1M+
    APR
    ()
    40% - 80%
    0% 100%+

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