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.
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
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:
Security Tips for Online Business Loans
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.
Business Loans by Industry
Headway Capital provides small business loans to a wide variety of businesses. Some of the most common industries we serve include:
FAQ About Online Business Loans
How can I get a business loan with no money?
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.
What is the best online loan?
What is online financing?
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.