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A revolving line with a fixed draw fee structure, aimed at established small businesses.
✓ Checking what you qualify for does not affect your credit score.
A revolving line with a fixed draw fee structure, aimed at established small businesses.
Headway Capital does not publish a full threshold sheet, so the honest comparison is against numbers that are published.
The line here runs $10,000 to $350,000, from 1% per month on the drawn balance, 2.49% per draw, with no origination, maintenance or early payoff fee, and it can sit in second position.
The minimum FICO is 500. The 650/600/550 tiers are product criteria that decide which product a file is read against, not a floor on the business. Scores in the 500s are placed routinely and are read on revenue, deposit consistency and time in business rather than on the score alone.
Line of credit $10,000 to $350,000, from 1% per month on the drawn balance, 2.49% per draw.
Term loan $10,000 to $250,000, 0% origination, weekly payments, 50% off remaining interest on a full early payoff.
MCA refinance $10,000 to $100,000 on a position with a balance of $100,000 or less.
It depends on the file. Every threshold here is published before you apply, so you can check rather than guess.
The minimum FICO is 500. The 650/600/550 tiers are product criteria that decide which product a file is read against, not a floor on the business. Scores in the 500s are placed routinely and are read on revenue, deposit consistency and time in business rather than on the score alone.
Same-day decision, next business day funding on a complete file.
No.
Same-day decision. Applying takes a few minutes and will not affect your credit score.
