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  Headway Capital Business Loans
Headway Capital Business Loans
in Business Loans from Headway Capital LLC
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Headway Capital Business Loans

Claimed
in Business Loans from Headway Capital LLC
SuperMoney Net Recommendation Score -20  

SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly not recommended by SuperMoney users with a score of -20, equating to 2.6 on a 5 point rating scale.

-20

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Mostly not recommended

2 users recommend
0 users are unsure
3 users don't recommend
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4 reviews
Highlights
Community Rating Mostly not recommended
Loan Amount $5,000 - $100,000
APR  (Fixed APR) 40% - 80%
Loan Term (Months) 12 - 24 months
Number of Reviews 5

Headway Capital Business Loans Review

Headway capital is a business financing offering by Headway Capital LLC, based in Chicago, IL. Founded in 2014, Headway Capital LLC offers access to small business loans in 36 states across the USA.

Headway capital FAQ

What are Headway capital’s rates?

Headway capital offers a fixed APR business financing product that ranges from 40% APR up to 80% APR.

Does Headway capital charge an origination fee?

No, Headway capital does not charge a loan origination fee. A loan origination fee is what some lenders charge for processing, underwriting, and funding a business loan. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.

What limitations does Headway capital set on the purpose of the business loan?

Headway capital considers business loan applications for business purposes, such as:

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

What types of small business loans does Headway capital offer?

Not all small business loans are made equal. The type of business loan you choose will determine the range of interest rates and terms you receive. Headway capital provides access to the following business loan types:

  • Secured Term Business Loans
  • 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 business loan off early.

How much can you borrow from Headway capital?

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

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

Headway capital offers small 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 Headway Capital Business Loans?

Headway Capital Business Loans requires companies to be in business for at least 12 months. Businesses must have a minimum annual revenue of $100,000 to be considered.

Applicants with a credit score of at least 620 and up to 850 may be eligible for Headway Capital Business Loans.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Headway Capital Business Loans. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Headway Capital Business Loans.

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

  • Proof of income
  • Recent bank statements
  • Proof of identity

What is the estimated funding time for a business loan via Headway capital?

Headway capital can approve (or deny) a business loan application within 4 hours and fund small business loans within 1 business day of approval.

Does Headway Capital Business Loans report your account activity to credit bureaus?

Headway Capital Business Loans does not report to any of the major credit bureaus. Creditors are not required to report payment activity to credit bureaus. However, making regular on-time payments to a creditor that reports to one or more credit bureaus may help improve your credit.

Headway Capital Business Loans Disclosure: Headway Capital charges a 2% draw fee for each draw. Maximum credit limit amounts may vary depending upon the state your business is located. Headway Capital will not perform a hard credit pull until after you have submitted the application and signed the contract. Headway Capital requires 3 months of recent bank statements. Funds are typically sent within one business day after approval. Credit limit ranges from $5,000 to $100,000. In MD and NC, credit limit ranges from $5,000 to $50,000. Headway Capital offers 12, 18 or 24 month terms. Funds will be available next business day if approved before 6:00 p.m. CT. If approved after 6:00 p.m. CT, funds will be available in two business days.
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From Headway capital

At Headway Capital, we appreciate the effort it takes for small businesses to reach their goals, and we understand that banks aren’t always a viable option for credit. Accessing capital should be easy and clear. We believe you can accomplish great things with the right support, and we’re proud to help hardworking business owners like yourself find continued success. That’s why we strive to be a partner you can trust.

Contact

Other Services by Headway Capital LLC

Availability

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

Feature Breakdown

Late Fee Amount $0
No Origination Fee
No Prepayment Fee
Credit Score Range 620 - 850
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Months in Business 12
Minimum Revenue $100,000
Verification Documents Required
  • Proof of Income
  • Proof of Identity
  • Recent Bank Statements
Approval Speed 4 hours
Credit Bureau Reporting None
Funding Time Range 1 - 2 days
Pre-Qualified Soft Credit Inquiry
APR Type Fixed APR
Loan Amount $5,000 - $100,000
APR (Fixed APR) 40% - 80%
Loan Term 12 - 24 months

Headway Capital Business Loans Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly not recommended by SuperMoney users with a score of -20, equating to 2.6 on a 5 point rating scale.

-20

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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