Business Loan Calculator

See if a Headway Capital line of credit is a good fit for your business needs.

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.

How to Use a Business Loan Calculator

An online business loan calculator is a useful way to make back-of-the-envelope estimates about what financing could look like for your business. With a calculator, you're able to input values like desired loan amount, repayment period and repayment frequency. You may also be able to tweak numbers like interest rate and fees for the small business loans. The calculator will then give you info like monthly payments and total repayment amount.

Business loan calculators usually place few constraints on what numbers you can enter. This can be helpful because it lets you explore different scenarios, but that freedom can also be dangerous if it sets up unrealistic expectations. To get the most out of using a business loan calculator, it's useful to do a little prep work first:

1. Decide what you need business financing for.

Taking on debt is best done as part of a plan, so get a good sense of how much you need and how it will directly help your company.

2. Determine what realistic repayments look like for your business.

No matter how much you want, you should only borrow an amount with feasible payments.

3. Try to get a good idea of what you might qualify for and stay in those bounds.

You could probably use a million dollars at super low interest, but if you can't qualify for that, it's not relevant to your planning.

Understanding Headway Capital's Business Loan Calculator

Headway Capital's calculator lets you set a desired credit limit, a repayment term and a weekly or monthly repayment frequency. You can then see what your payment amounts would look like if you were approved with those terms. That way, you can play with the numbers to find a credit limit and repayment terms that work for you before you even apply.

Below, you can learn more about what the different options and values in our business loan calculator mean.

Desired Credit Limit:
This is the maximum amount you want to be able to draw. With a Headway Capital line of credit, you can borrow up to your limit, with funds becoming available again as you repay. That means you can borrow more without having to reapply, giving you valuable flexibility when funding needs arise. If approved, your credit limit may differ from the one requested based on your application information and our unique underwriting model, which takes a holistic view of your business instead of just focusing on your credit score.

Repayment Term:
This is the amount of time you want to repay your draw. Headway Capital offers three options: 12 months, 18 months and 24 months. If your draw amount and interest rate remain constant, shorter repayment periods mean higher regular payments but a smaller total repayment, while longer repayment periods mean lower regular payments and a higher total repayment. Balancing how much you can afford to pay each period against trying to save by repaying more quickly is important as you plan out the financial implications of a loan.

Weekly or Monthly Payments:
Here you can decide whether you'd prefer your minimum payments be due weekly or monthly. Businesses with a lot of cash flow usually find weekly payments easier to deal with than businesses that have to wait on invoices and receivables to have cash on hand.

Weekly or Monthly Payment Amount:
This is the minimum amount you would have to pay each week or month, depending on the option you chose. By making this payment each period, you would pay off the amount you drew plus interest. There's no penalty for early repayment, however, so you can pay more than your weekly or monthly minimum to pay off your entire balance early. This can help you save on interest, as well as free up money when business is good to prepare for things like seasonal cash flow issues.

Headway Capital True Line of Credit

If you're interested in building your business with the financing Headway Capital can offer, you can apply today to see how much you could qualify for. And if you have any questions, you can check out our FAQ or contact us directly.

Credit Line

Up to

Loan Type

Business line of credit

Repayment Term

12, 18 or 24 months

No Hidden Fees

See our Rates & Terms for details

Payment Frequency

Weekly or monthly

Clear Cost

Clear payment terms, interest does not compound, no penalty for early payoff

Ready to get started?

Just click below to complete our easy application.

1We will not perform a hard credit pull until after you have submitted the application and signed the contract.