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Advertiser & Editorial Disclosure

Line of Credit by Headway Capital

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Headway Capital’s Line of Credit allows you to draw up to your available limit and borrow more as you repay with the click of a button. Choose between weekly or month payment options.

Nav's Verdict

Cost

LowHigh

Effort to Apply

EasyDifficult

Funding Speed

MonthsMinutes

Repayment Terms

MonthsYears

8/10

Bottom Line

Headway Capital provides businesses with a true revolving Line of Credit with no pre-payment penalties, one fixed monthly payment, and the ability to access additional capital any time you have funds available. Bonus: When you click 'Apply now," we'll securely pass over your info, making applying with Headway a breeze. Only answer a few additional questions on their end and you're good to go.

Pros

Pre-approval process does not require hard personal credit inquiry. Approval within hours of applying. Only pay interest on what you use. Offers 24-month repayment terms and monthly payments.

Cons

Interest rates can be higher than some other line of credit providers. Hard personal credit inquiry at the time of funding.

Cost

3.3% - 6.6% monthly interest rate

Repayment Terms

Monthly repayment for 12, 18 or 24 months

Funding Amount

$5,000 to $100,000

Draw Fee

2%

Funding Speed

As fast as the next business day.

Application Fee

None

Repayment Frequency

Weekly or Monthly

Reviews

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Personal FICO credit scores and other credit scores are used to represent the creditworthiness of a person and may be one indicator to the credit or financing type you are eligible for. Nav uses the Vantage 3.0 credit score to determine which credit offers are recommended which may differ from the credit score used by lenders and service providers. However, credit score alone does not guarantee or imply approval for any credit card, financing, or service offer.

Editorial Disclosure

Any personal views and opinions expressed are author’s alone, and do not necessarily reflect the viewpoint of Nav. Editorial content is not those of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities.

Reviews are not provided or commissioned by the credit card, financing and service companies that appear in this site. Reviews have not been reviewed, approved or otherwise endorsed by the credit card, financing and service companies and it is not their responsibility to ensure all posts and/or questions are answered.