Small business lender plans to enter an additional seven states by year-end
CHICAGO, August 15, 2015 — Headway Capital, a provider of online flexible lines of credit for small businesses, today announced plans to expand to an additional three states in 2015. This will bring the company’s total number of served states from six at the time of the company’s launch in August 2014 to more than 20 at the end of 2015. Today, Headway Capital started issuing loans in California.
“As our growth and expansion indicates, our customers love the flexibility they have with a line of credit from Headway Capital,” said Paul Cho, managing director. “We’re excited to help even more small business owners in the new states we’re now serving to take control of their finances and move their business forward.”
Headway Capital’s mission is to provide small business owners with the credit they need to run their business, offering lines of credit from $5,000 to $35,000. Once approved, customers can draw funds when they need them, receive funds the next business day, and choose from multiple repayment options to fit their needs.
Headways Capital understands that one size fits all does not work for today’s small business owner. With Headway Capital, customers can choose the length of their loan – 12, 18 or 24 months – and whether they want to repay weekly or monthly. As soon as outstanding principal is repaid, that money becomes available for draw again.
About Headway Capital
Headway Capital lets small business owners take charge of their business with flexible lines of credit up to $35,000. Customers can draw credit when they need it, receive funds the next business day, and choose from multiple repayment options. Headway Capital is part of Enova International (NYSE: ENVA), a leading technology and analytics company that has been providing loans for over 10 years.