Online Business Loans

Apply online in minutes for a flexible line of credit.

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.

What Is An Online Business Loan?

Small business owners looking for financing may want to consider small business loans online. Compared to traditional bank loans, the main benefits of online business loans are speed — for both application processing time and delivery of funds — flexibility and ease of application. This type of funding can enable small business owners to quickly and efficiently manage their businesses' financial needs.

Headway Capital's True Line of Credit™ is an ideal online business loan option — our online application takes only a few minutes to complete, and we provide you with an instant approval decision. Once approved, you'll have 24/7 access to your account, giving you the freedom to draw funds whenever you need, up to your available credit limit.

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

Typical Rates and Fees

The differences between online business loans and traditional bank loans include varying rates and fees. Online business loans typically have higher interest rates when compared to traditional bank loans, and they are also more likely to have additional fees like origination or draw fees.

However, the rates and fees of any specific online business loan will depend on the lender. When you apply for a True Line of Credit™ with Headway Capital, your eligibility and the offer details are dependent upon your application information. The payment terms are transparent and there's no compounded interest and no early repayment penalty.

Online Business Loan Requirements

When comparing online business loan options, be sure to look at the requirements — these will vary from lender to lender. You can boost your chances of approval by applying only with lenders whose requirements your small business meets.

Headway Capital's requirements are designed for businesses that are just starting out — ideal for a small business that doesn't have a perfect credit score or a lengthy time in business.

To qualify for our True Line of Credit™, your business must meet the following requirements:

Time in Business

You must have been in business for at least one year.

Annual Revenue

Your business must have a revenue of $50,000 or greater.

Business Location

Check our Rates & Terms to see if we serve your state.

Security Tips for Online Business Loans

It's normal to be concerned about the safety of your sensitive information when filling out an online application. That's why it's crucial that you borrow from a reputable business lender and review their privacy policy to understand how your personal data will be used. Here are some additional things to watch out for when borrowing online:

Never pay in advance for the promise of a loan.

Never send money to anyone if you don't recall taking a loan from them.

Only give out personal information to persons or companies you know.

FAQ About Online Business Loans

Unless you’re applying for a really large loan, such as a real estate loan, most lenders do not require a down payment. If there is a concern about cash flow, a secured business loan may lessen the risk. Secured business loans require the business to offer something as collateral (e.g. equipment, inventory, building). But there are many other types of business funding that do not require down payments or collateral. These include term loans, business lines of credit, invoice financing, microloans and credit cards.

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.