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. Once approved, you can access funds within one business day and access additional draws 24/7 without additional paperwork or approval. Repay at any time without incurring additional fees.
Nav's Verdict
8/10
Bottom Line
Headway Capital provides businesses with a true revolving Line of Credit with no pre-payment penalties, one fixed monthly payment, and the ability to access additional capital any time you have funds available.
Pros
Pre-approval process does not require hard personal credit inquiry. Approval within hours of applying. Only pay interest on what you use. Offers 24-month repayment terms and monthly payments.
Cons
Interest rates can be higher than some other line of credit providers. Hard personal credit inquiry at the time of funding.
Qualification requirements
Time in Business
At least 24 months in business
Annual Revenue
At least $120,000
Other Requirements
Total monthly debt payments, including the Headway Line of Credit, should not exceed 10% of monthly revenue.
Reviews
Reviews Disclosure: The responses below are not provided or commissioned by the credit card, financing and service companies that appear on this site. Responses have not been reviewed, approved or otherwise endorsed by the credit card, financing and service companies and it is not their responsibility to ensure all posts and/or questions are answered.