Get a True Line of Credit™ From Headway Capital
Like a small business loan, a business line of credit provides a business with access to credit that can be used to address any business expense. A business line of credit is similar to a business credit card — you use it as you need it and only pay interest on the money you draw. However, with a Headway Capital True Line of Credit™, you can choose to make weekly or monthly payments and borrow more as your principal is paid down.
You'll know what you're getting with a Headway Capital line of credit. Our transparent terms mean no hidden fees and no surprises.
A revolving line of credit lets you borrow up to your limit and borrow more as you repay — without having to reapply.
Our unique underwriting model looks at the big picture of your business and allows us to consider more than just your credit score.
Your Headway Capital line of credit is available to you 24/7/365, with funds deposited in your account by the next business day.
Business line of credit
12, 18 or 24 months
No Hidden Fees
See our Rates & Terms for details
Weekly or monthly
Clear payment terms, interest does not compound, no penalty for early payoff
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 $100,000. 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 you can 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 your 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.
Business Line of Credit Qualifications
The qualifications for a business line of credit will vary from lender to lender but for Headway Capital you must meet the following eligibility requirements:
PJ's Family Auto Care, LLC
“[A Headway Capital line of credit] allowed me to fight on and now [my business] has a steady flow going. Thank you for helping my wife and me keep our dream going and growing.”
Old Chicago Construction Services LLC
“We needed a line of credit to keep the business running smoothly, and Headway Capital came through without a hitch. It is a pleasure doing business with Headway. Thank you for letting me sleep better at night.”
Waste Removal Services, Inc.
“The fastest and easiest means of obtaining funds that allow me to manage my accounts payable / receivable without draining my bank account. Extremely professional and knowledgable representative, understood my needs and linked me with the best loan for my particular business.”
RockHouse Live Memphis
“Working with Headway Capital was a very easy and painless process. [Headway] took a chance on us when others would not.”
FAQ About Business Lines of Credit
How do I get a business line of credit?
One of the benefits of a line of credit is that applying for one can be nearly as easy as using it. Follow these steps to get the business line of credit that works for you.
1. Do your homework.
There are a lot of lenders out there, so make sure you're comfortable with the one you choose and ensure that it fits the needs of your business.
2. Know your business.
What is your business credit score? Your average annual revenue? Do you have the paperwork to support your numbers?
3. Prepare an application packet.
This should include your personal information, financial statements, business certificate/license, income tax returns, a business lease and disclosure of any ownership or affiliations you have with other businesses.
4. Choose a lender and apply.
Try not to submit too many applications in a short amount of time. Just like with personal credit, a lot of applications in a short amount of time may indicate financial distress and negatively impact your credit score.
What is an unsecured small business line of credit?
1We will not perform a hard credit pull until after you have submitted the application and signed the contract.