Line of Credit by Headway Capital

Line of Credit by Headway Capital

Headway Capital’s True Line of Credit allows you to draw up to your available limit and borrow more as you repay with the click of a button. Choose between monthly or weekly payment options over the course of 12, 18, or 24 months. We offer clear and flexible payment terms while allowing you to repay at any time without incurring any additional fees. Draw funds whenever you need them for business expansion, working capital, inventory purchases, or any other business expense. Our True Line of Credit offers small businesses a unique funding solution and access to funds within one business day.

8/10

Cost
90% Complete
Low High
Effort to Apply
50% Complete
Easy Difficult
Funding Speed
30% Complete
Minutes Months
Repayment Terms
80% Complete
Months Years

Bottom Line

If you are rebuilding your credit, this is a great alternative to higher-priced cash advance products.

Pros

Can lend to much lower credit scores than other lines of credit. Monthly payment options.

Cons

Higher interest rates and lower funding amounts than similar offers.

Cost
3.3% - 6.6% monthly interest rate, 40% - 80% APR
Repayment Duration
Monthly or weekly repayment over the course of 12, 18 or 24 months
Funding Amount
$5,000 to $50,000
Draw Fee
2%
Funding Speed
As fast as the next business day.
Application Fee
None
Revenue
At least $75,000 in revenue
Time in Business
At least 6 months in business
Knockouts
Total debt service cannot exceed 10% including the Headway Line of Credit.

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