Headway Capital is a company that offers lines of credit funding solutions to small businesses for up to $100,000. They also offer small businesses with SBA loans, merchant cash advance, invoice factoring, term loans, etc. We compiled user reviews from around the web and determined that Headway Capital has generally positive ratings. We also compared its available pricing options.
Summary of Headway Capital User Reviews
What Headway Capital does well:
Users who gave Headway Capital positive feedback like the fast application and approval process. Many users were also satisfied with the quality of customer service.
What Headway Capital does not do well:
Headway Capital doesn’t have a lot of negative reviews online. However, users who gave Headway Capital critical feedback complained about the high borrowing fees.
Most Helpful Positive User Review
A user who gave Headway Capital a positive review on Consumer Affairs said that his loan got approved and funded in just three days. He also mentioned that the customer service team is very detailed and prompt in responding. Overall, he highly recommends the company for small businesses that need immediate funding to their various business needs.
Most Helpful Negative User Review
A customer who gave Headway Capital a critical review on Trustpilot complained about the high interest rates and low credit limit that he received for his business line of credit. He claimed that he was only given a limit of $10,700 with a 54% APR.
Headway Capital Pricing
Headway Capital’s pricing depends on a user’s preferred credit limit amount, loan duration, and payment terms. For example, small business loans can start at $5,000 credit limit with a weekly payment of $114 or a monthly payment of $495 for a duration of 12 months. Interests don’t compound and there are no annual/monthly service fees.
The loan terms, minimum credit limit, and minimum first draw amount may vary per state. Check out their rates and terms page per state. If you need a longer-term repayment plan and higher loan amount, you may opt for their SBA loan offering, which caps at $5 million.
Interested business owners can fill up the loan calculator and check if they qualify for a loan.
Headway Capital Offerings
Check out the list below of some of Headway Capital’s offerings.
Helpful Lender Resources
5 Best Small Business Line of Credit 2018 – We’ve reviewed many small business line of credit providers and compared the best ones, including their terms and qualifications.
How to Get a Small Business Loan in 3 Steps – Learn about the most important aspects of small business financing and how to choose the right loan provider.
Where to Find the Best Startup Business Loans 2018: 11 Funding Options – Read about several options in funding a startup. We’ll discuss everything from SBA loans to angel investors to Rollovers for Business Startups (ROBS).
Alternative Business Loans: 9 Alternative Financing Options for Small Businesses – Check out these alternative business loans and how you can choose the right financing solution for your situation.
Headway Capital FAQ
What are the qualifications to secure a loan with Headway Capital?
In order to be eligible to apply, you must have been in business for at least one year, have a minimum annual revenue of $50,000, and must be located in one of the following states: Alabama, Arizona, California, Colorado, Delaware, Florida, Georgia, Idaho, Illinois, Iowa, Indiana, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Minnesota, Mississippi, Missouri, Nebraska, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin or Wyoming.
Interested business owners can fill out the loan calculator and check if they qualify for a loan.
What can I use the money for?
The loan can be used for any legitimate business purposes such as to purchase product stocks, maintain cash flow, cover equipment costs, fund marketing campaigns, etc.
Headway Capital Overview Video
This video provides an overview on how to apply for a business loan with Headway Capital.