in Business Loans from Headway Capital
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|Community Rating||Mostly recommended|
|Loan Amount||$5,000 - $100,000|
|APR (Fixed APR)||N/A|
|Loan Term (Months)||N/A|
Headway Capital Review
Where does Headway Capital do business?
Headway Capital is a business financing offering by Headway Capital, a direct lender based in Chicago, IL. Founded in 2014, Headway Capital offers access to business loans in 36 states across the USA.
What are Headway Capital’s rates?
Headway Capital offers a fixed APR business financing product but they do not disclose their rates.
Does Headway Capital charge an origination fee?
Yes, Headway Capital charges a loan origination fee.
What limitations does Headway Capital set on the purpose of the loan?
Headway Capital considers loan applications for business purposes, such as:
- Business Debt Refinance
- Equipment Purchase
- Lease Improvement
- New Location
- 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 a late fee?
No, Headway Capital will not charge you a late fee.
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 do you need to qualify for a loan with Headway Capital?
Applicants with a credit score of at least 595 can apply for a loan via Headway Capital. Headway Capital does not require borrowers to have been in business for a minimum number of years. Businesses don't have to meet a minimum annual revenue to be considered 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
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.
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- South Carolina
|No Prepayment Fee|
|Late Fee Amount||$0|
|Credit Score Range||
595 - 850
|Immigration Status Considered||
|Employment Statuses Considered||
|Verification Documents Required||
|Loan Amount||$5K - $100K|