A Business Partner You Can Depend On
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.
How Our True Line of Credit™ Works
1. Apply in Minutes
Fill out our quick online application in minutes to check eligibility for a line of credit up to $50,000. We’ll ask for information like your time in business, annual gross revenue and purpose for funds. We take a holistic view of your business and evaluate your application differently than a bank would.
2. Review & Accept Your Offer
If eligible, you’ll receive an instant prequalified offer to review and select your desired repayment term and initial draw amount. Once you’ve signed the contract, you will be asked to supply three recent months of business bank statements for additional underwriting purposes.
3. Draw Funds
Once approved, the initial draw amount will be deposited into the business’s bank account, and you can draw funds up to your available credit limit right away. Because your funds are revolving, that money becomes available to draw again as you repay your outstanding principal balance. Each time you draw additional funds, you will select a new repayment term, and your entire outstanding balance will be re-amortized so you’re only paying interest on funds drawn.
The Headway Capital Difference
Business lines of credit are one of the most sought-after financing options for business owners. Their speed and flexibility are unparalleled, and our True Line of Credit™ is designed to make the most of those advantages, allowing you access to cash when you need it most.