Considering Business Term Loans?
Our flexible business line of credit could be a better alternative.
What's your desired credit limit?
$26,000Weekly Payment Amount*:
$424.00 Apply NowWe’re currently accepting new customer applications. Applying will not impact your credit score.
Applying will not impact your credit score.1
*This business loan calculator assumes a monthly interest rate of 3.3% and a 2% draw fee. Your interest rate and credit limit may vary based on your application. No draw fee in CO, GA, IN, NJ and OK.
Business Term Loans
Term loans can come in different shapes and sizes; they can be given for individual use or as small business loans. Business term loans can vary in the amount of time you have to repay them; however, a business term loan is always tied to a fixed sum of money borrowed up front with an established payment schedule. Term loans are good for larger purchases that may take a while to return value, such as buying a business or renovating your facility.
How Business Term Loans Work
Business owners can apply for business term loans with either a bank or an alternative online lender. The process will vary depending on which lender you choose, but no matter which you go with, the process is virtually the same.
Apply in person or online
Receive the loan amount in a lump sum
Repay with predetermined installments over a set period of time
Alternatives to Small Business Term Loans
The best funding option for you depends on your specific business needs. If you’re looking for a >type of funding that can provide ongoing and on-hand capital for regular operating expenses, a business line of credit can be a better option. At Headway Capital, we offer a revolving line of credit with no hidden fees. So rather than borrowing a fixed amount of money all at once, you can borrow as much as you need (up to your credit limit) as many times as you need to, without having to reapply. Accessing your line of credit is easy — you can log in to your online account at any time and request a draw. Your money will usually be delivered to your bank account by the next business day.
Business Term Loans vs. Headway Capital’s True Line of Credit™
Borrowing Flexibility
Fixed Lump SumBorrowing Flexibility
Take only what you need, when you need it (up to your credit limit)Request More Funds Without Reapplying
NoRequest More Funds Without Reapplying
YesInterest Rate
Fixed or VariableInterest Rate
FixedApply for a Headway Capital True Line of Credit™
Headway Capital's True Line of Credit™ offers an alternative to business term loans that many business owners find to be a better fit for their ongoing financing needs. You can request funds at any time, and your money will generally be in your account as soon as the next business day. As you repay, the amount of credit available to you will replenish, so you can draw again without reapplying whenever the need arises.
Up to
$100,000
Loan Type
Business line of credit
Weekly or monthly
Clear Cost
Clear payment terms, interest does not compound, no penalty for early payoff
1We always do a soft inquiry unless your credit file is restricted, in which case we would ask you to contact the credit bureau to lift the restriction. Doing so may result in a hard pull.