Take Control of Your Business Credit

You don't need perfect credit to apply for our flexible line of credit.

Select the amount you wish to borrow:

$18,000

Choose your repayment term

12 months
18 months
24 months

How frequently do you want to make payments?

Weekly
Monthly

Weekly payment amount*:

$294.00
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See if you qualify in minutes!
*This business loan calculator assumes a monthly interest rate of 3.3%. Your interest rate may vary based on your application information.
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Apply for a credit limit up to $50,000

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Get next-business-day funding after approval

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Borrow any time through your online account


Business Credit

Business credit is similar to personal credit in that it represents the ability to borrow money based on past actions. But all business owners should understand why it’s important to distinguish between the two. While personal credit is linked to your personal information (tied to your social security number), business credit is linked to your business (tied to your business identity with a separate tax I.D. number). Once you establish business credit, your personal credit history won’t impact your business credit, and vice versa. However, both histories may be determined relevant to a lender making a credit decision.

How to Build Business Credit1

There are four steps you can take to begin building business credit:

1

Incorporate or form an LLC (Limited Liability Company) to ensure your company is a legally recognized business entity

2

Obtain a federal Employer Identification Number

3

Open business bank accounts under your legal business name

4

Establish a business phone number for your business and make sure it's listed


Once you've completed the steps above, you can apply for credit in your company’s name. Your business transactions are then reported to Experian, which will create a business credit report that gives lenders and suppliers information about your company. This will therefore improve your ability to obtain business loans and secure more favorable credit terms.

Can I Get a Business Loan Without Perfect Credit?

Having less-than-perfect business credit doesn’t necessarily preclude you from getting approved for a business loan or line of credit. At Headway Capital, we take a holistic approach to reviewing an application, so factors other than a business owner’s personal and business credit score are just as important to determining creditworthiness.

What Does Headway Capital Offer?

Headway Capital offers a small business line of credit of up to $50,000. Once approved, you can borrow as much as you need (up to your credit limit), as many times as you need to, without having to reapply. Accessing your line of credit is easy; all you have to do is log in to your online account and request a draw. As you repay, you replenish your available credit, so you can keep your business running at full strength at all times.

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1Experian. (n.d.). How to Establish Business Credit. Retrieved May 2, 2017 from http://www.experian.com/small-business/establish-business-credit.jsp