Alternative Financing for Small Businesses

We consider a wide range of factors — not just your credit score.

What's your desired credit limit?

What repayment term works for you?
How often do you want to make payments?

Weekly Payment Amount*:

$424.00 Apply Now

We’re currently accepting new customer applications. Applying will not impact your credit score.

Applying will not impact your credit score.1

*This business loan calculator assumes a monthly interest rate of 3.3% and a 2% draw fee. Your interest rate and credit limit may vary based on your application. No draw fee in CO, GA, IN, NJ and OK.

Apply for a credit limit up to $100,000

Get next-business-day funding after approval

Borrow any time through your online account

Bad Credit Business Loans

If you're a business owner, you understand that having access to the business funds you need is a necessity. In many cases, borrowing money is just the cost of doing business. Unfortunately, that business necessity can be costly if you have less-than-perfect business credit. Small business loans with bad credit can come with high interest rates and unfavorable repayment terms. Being smart about what kind of debt you take on is critical to the viability of your business.

At Headway Capital, we believe you can accomplish great things with the right support — and we're proud to help hardworking business owners accomplish their goals. We do this by offering a flexible line of credit with no hidden fees. You can access your line of credit whenever you want through your online account, and when you request money, it's delivered to your bank account by the next business day, so long as you have funds available. This way, you can borrow the amount you need (up to your credit limit) when you need it, and build your business at your own pace.

Funding Options for Poor Credit Risks

Having less-than-perfect credit doesn't necessarily mean business financing is out of reach. There are many lending options to consider:

Alternative Lenders

Alternative lenders are a popular choice for small businesses that are unable to secure financing through traditional lenders, like banks. These types of lenders often have an easy application process, flexible options and fast funding. While the kinds of loans offered will vary, they are typically unsecured business loans.

Credit Unions

Credit unions sometimes offer a better chance of funding approval for local small businesses. They are not-for-profit unions that take a vested interest in their community and often provide small business financing to local institutions. Most credit unions specialize in a specific industry, which can be a boon if your business is in the same industry.

Provide Collateral

Having collateral can increase your likelihood of approval for a secured business loan. Property titles or expensive items of equipment are some of the options business owners use as collateral.

Use a Co-Signer

A co-signer takes on partial responsibility for a loan by "co-signing" the loan agreement. It's often someone who has a higher credit score or a steadier source of revenue compared to the other signer and who can handle the loan payments should the other signer become unable to pay them.

Does Headway Capital Offer Business Loans for Bad Credit?

Headway Capital is proud to take a holistic view of your business when making an approval decision. We consider a wide range of factors - not just your credit score. These factors can include some combination of personal credit reports, corporate tax returns, profit and loss statements and other relevant documents. We use all of this information to evaluate your eligibility for credit.

1We always do a soft inquiry unless your credit file is restricted, in which case we would ask you to contact the credit bureau to lift the restriction. Doing so may result in a hard pull.