Headway Capital is a lender that offers a line of credit funding solutions to small businesses for up to $100,000. It offers SBA loans, merchant cash advance, invoice factoring, term loans, and more. In this article, we cover Headway Capital reviews and pricing. Ready to get started? Apply now.
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Headway Capital Pricing
Headway Capital pricing depends on the credit limit, loan duration, and payment terms, but the monthly interest rate is generally 3.3%-6%. For example, small business loans can start at $5,000 credit limit with a weekly payment of $121 or monthly payment of $529. Interests don’t compound and there are no annual or monthly service fees.
The loan terms, minimum credit limit, and minimum first draw amount may vary per state. If you need a longer-term repayment plan and higher loan amount, you may opt for Headway Capital’s SBA loan offering, which caps at $5 million.
Interested business owners may fill up Headway Capital’s loan calculator and check if they qualify for a loan.
Ready to get started with Headway Capital? Apply now.
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Summary of Positive Headway Capital Reviews
Users who gave Headway Capital a positive review said that loan applications are quickly approved, and that funding is given immediately. They added that its representatives are polite, accommodating, and quick to respond to loan applications.
One user who gave Headway Capital a positive review on TrustPilot commented that the loan application and process was easy and fast. He added that he already received the funds he needed in just a week. He also shared that the process was stress-free, and that the company’s representatives are quick to respond to his queries.
Summary of Negative Headway Capital Reviews
As of the date this article was written (April 26, 2019), there are no up-to-date negative Headway Capital reviews online. If you are a past or current Headway Capital customer, leave a review to help other business owners who are deciding whether or not to use the service.
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Headway Capital Features
Check out the list below of some of Headway Capital’s features:
- Easy application
- Fast funding
- No prepayment penalties
- Bank-level security
- Real-time eligibility evaluation
- Flexible repayment terms
- Invoice factoring
- And more
Headway Capital FAQs
What are the minimum requirements to qualify for a Headway Capital line of credit?
Borrowers must have an annual revenue of $50,000, a personal credit score of 500, and must have been in business for at least six months. Businesses with an average bank balance less than $485 and those that are in the business of gambling, marijuana, or adult entertainment do not qualify for a Headway Capital line of credit.
How long does funding take?
Headway Capital can fund applications in two to seven business days. On average, it funds applications in two business days.