What Are Unsecured Small Business Lines of Credit?
Many small businesses experience some degree of working capital challenges. Unexpected circumstances arise that can put even the strongest of small businesses in a pinch. A sudden drop in sales, a need to increase hiring, or an unexpected bill or inventory loss can cause business owners to come up short when they need it most.
That’s where unsecured small business loans come in handy. An unsecured business loan is a business loan without collateral. And because there are different types of unsecured business loans available, it’s important to find a business loan type that fits your business needs.
Many business owners look to business lines of credit. An unsecured business line of credit is a flexible form of funding that is similar to a credit card — you use it as you need it. You can borrow as much as you need (up to your credit limit), and pay it back gradually. The funds you repay become available to you again as your payments are made.
Headway Capital’s True Line of Credit™
Headway Capital offers an unsecured business line of credit up to $50,000 and a secured business line of credit up to $100,000. It can be used to fund any legitimate business expense — including inventory, new equipment and payroll — and is simpler and quicker than working with a bank.
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 Line of Credit Works
At Headway Capital, we are proud to help hardworking business owners like you accomplish their goals. Due to the open-ended access customers receive with our line of credit, Headway Capital is more flexible than most merchant cash advances and invoice factoring. Ultimately, we’re looking to form a long-term partnership with you so we can see your business succeed. We start that relationship with a fast and easy application process that can be completed entirely online.
1. Apply in Minutes
Fill out our quick online application to check your eligibility.
2. Review & Accept Your Offer
If eligible, you'll receive an instant prequalified offer, letting you select your desired repayment term and initial draw amount.
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.
Ready to experience the flexibility of a Headway Capital True Line of Credit™? Apply today!Apply Now
1We will not perform a hard credit pull until after you have submitted the application and signed the contract.