Considering Business Term Loans?

Our flexible business line of credit could be a better alternative.

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.

Business Term Loans

Term loans can come in different shapes and sizes; they can be given for individual use or as small business loans. Business term loans can vary in the amount of time you have to repay them; however, a business term loan is always tied to a fixed sum of money borrowed up front with an established payment schedule. Term loans are good for larger purchases that may take a while to return value, such as buying a business or renovating your facility.

How Business Term Loans Work

Business owners can apply for business term loans with either a bank or an alternative online lender. The process will vary depending on which lender you choose, but no matter which you go with, the process is virtually the same.


Apply in person or online


Receive the loan amount in a lump sum


Repay with predetermined installments over a set period of time

Alternatives to Small Business Term Loans

The best funding option for you depends on your specific business needs. If you’re looking for a >type of funding that can provide ongoing and on-hand capital for regular operating expenses, a business line of credit can be a better option. At Headway Capital, we offer a revolving line of credit with no hidden fees. So rather than borrowing a fixed amount of money all at once, 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 — you can log in to your online account at any time and request a draw. Your money will usually be delivered to your bank account by the next business day.

Business Term Loans vs. Headway Capital’s True Line of Credit

Business Term Loans
Headway Capital Line of Credit
Borrowing Flexibility

Borrowing Flexibility

Fixed Lump Sum

Borrowing Flexibility

Take only what you need, when you need it (up to your credit limit)
Request More Funds Without Reapplying

Request More Funds Without Reapplying


Request More Funds Without Reapplying

Interest Rate

Interest Rate

Fixed or Variable

Interest Rate


Apply for a Headway Capital True Line of Credit

Headway Capital's True Line of Credit offers an alternative to business term loans that many business owners find to be a better fit for their ongoing financing needs. You can request funds at any time, and your money will generally be in your account as soon as the next business day. As you repay, the amount of credit available to you will replenish, so you can draw again without reapplying whenever the need arises.

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

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.