Startup Business Loans
New businesses generally need financing in order to get off the ground and realize their full potential. Unfortunately, banks and other lenders often give the most weight to factors like time in business and annual revenue — exactly the things that a new business won't be able to point to on small business loan applications.
That's where startup business loans come in handy. These loans are designed to help new businesses take care of basic operating expenses like inventory, equipment and staffing. Those things generally need to be in place before a business can start generating revenue, and startup loans can make that possible.
Financing Your Startup Business
If you need business loans for your new company, there are several options available to you. One of the first things you’ll need to consider are your startup costs: You need to figure out how much financing you can afford to take on. Then consider the four things that will factor into the payments of your startup loan: the amount, interest rate or APR, the term length, and whether or not you can put down collateral (secured or unsecured).
Business Line of Credit Qualifications
If your business is more than one year old and you have revenue greater than $50,000, you may be eligible for a Headway Capital business line of credit. While those requirements will preclude many early-stage startups, later-stage startups may find our True Line of Credit™ to be just what they need to take their business into the next gear.
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
Our line of credit gives small business owners the flexibility they need to operate their business at full strength through all the highs and lows of starting up a new company. If you meet our eligibility requirements, apply with Headway Capital today!
1We will not perform a hard credit pull until after you have submitted the application and signed the contract.