# Headway Capital Source: https://businessloanbroker.ai/lenders/headway-capital/ Site: BusinessLoanBroker.ai (powered by Levr) > Headway Capital, an Enova brand, offers US small businesses a line of credit up to $100,000 over 12 to 24 months with non compounding interest. Headway Capital is a small business lending brand owned by Enova International, the publicly traded fintech that also owns OnDeck. It funds established US small businesses with a straightforward online line of credit up to $100,000, repaid over 12, 18 or 24 months with non compounding interest, and new applications now route to OnDeck. ## Key facts - **Products:** Business line of credit - **Funding range:** Up to $100,000 - **Repayment:** Revolving draws with 12, 18 or 24 month terms, weekly or monthly payments, non compounding interest - **Operates in:** United States, 41 states plus DC - **Industries:** Construction, technical services, finance and insurance, transportation, real estate, retail, food services, marketing, legal, healthcare - **Founded and headquarters:** 2014, South Jordan, Utah; parent Enova International (NYSE: ENVA) in Chicago - **Website:** headwaycapital.com ## What does Headway Capital offer? Headway Capital offers one product: a revolving [business line of credit](https://businessloanbroker.ai/business-loans/line-of-credit/) up to $100,000. You draw what you need, and each draw is repaid over 12, 18 or 24 months in weekly or monthly payments. Interest is non compounding, so you pay interest only on the principal outstanding and not on accrued interest. The profile notes that applications now route to OnDeck, a sister Enova brand, so the product you end up with may carry the OnDeck name. ## Who does Headway Capital fund, and who do they decline? Headway funds established US small businesses in 41 states plus the District of Columbia, with construction, technical services, finance and insurance, transportation, real estate, retail, food services, marketing, legal and healthcare named. Its published guidance is annual revenue above $50,000, one of the lowest bars in this directory for a line of credit. It does not publish decline criteria or a credit minimum. Nine states are not served, so check yours first. A business that needs more than $100,000 should compare [Bluevine](https://businessloanbroker.ai/lenders/bluevine/) or [Backd](https://businessloanbroker.ai/lenders/backd/). Businesses outside the United States are not eligible. ## What does it typically cost and how fast is it? Headway does not publish a rate; pricing is quoted per file. The published structure is non compounding interest with a choice of 12, 18 or 24 month terms, which makes it easier to compare with a bank line than a weekly fee product. Ask for the APR and any draw fees, and compare with the typical range on our [line of credit](https://businessloanbroker.ai/business-loans/line-of-credit/) page. Funding speed is not published. Capital deployed is not published. ## What will you need to apply? Expect a fully online application with three to six months of business bank statements, your EIN and formation documents and owner ID. Because applications route to OnDeck, the document request may follow OnDeck's process. Our [document checklist](https://businessloanbroker.ai/guides/document-checklist/) covers the standard items for an online line. ## How does Headway Capital compare with similar lenders? [Fundbox](https://businessloanbroker.ai/lenders/fundbox/) offers a line and term loan up to $250,000 with each draw repaid over 12 or 24 weeks and no early repayment fees, which suits very short gaps. [OnDeck](https://businessloanbroker.ai/lenders/ondeck/), the sister brand, offers a term loan and a line of credit to US small businesses and is now where Headway applications land. Headway's distinct features are the low $50,000 revenue guidance and the longer 12 to 24 month draw terms. ## How to apply Apply once on this site and matching shows whether Headway Capital, or a similar lender, fits your file. You can also ask your AI assistant to collect your documents and apply for you through our [MCP server](https://businessloanbroker.ai/agents/). A profile in this directory is a market reference and does not by itself mean the lender is on our network for your file; matching shows the lenders available to you. | Lender | Products | Funding range | Operates in | Best suited for | |---|---|---|---|---| | Headway Capital | Line of credit | Up to $100,000 | United States, 41 states plus DC | Established US businesses above $50,000 revenue wanting revolving credit over a lump sum | | Fundbox | Line of credit, term loan | Up to $250,000 | United States | Established US businesses needing fast, flexible working capital up to $250,000 | | OnDeck | Term loan, line of credit | Not published | United States | US small businesses wanting a fast online term loan or line from an established lender | ## Questions and answers **Is Headway Capital the same as OnDeck?** They are sister brands under Enova International, and the profile notes that Headway applications now route to OnDeck. You may receive an OnDeck product after applying. **What does non compounding interest mean?** You pay interest only on the principal you still owe, never on interest already charged. It makes the cost more predictable than products with compounding or fixed fees. **Which states does Headway serve?** 41 states plus DC, as published, so nine states are excluded. Check availability for your state before you apply. ## Related - [Fundbox](https://businessloanbroker.ai/lenders/fundbox/) - [OnDeck](https://businessloanbroker.ai/lenders/ondeck/) - [Business lines of credit](https://businessloanbroker.ai/business-loans/line-of-credit/) - [Unsecured business loans](https://businessloanbroker.ai/business-loans/unsecured-business-loans/) ## Apply Apply for the business: https://apply.businessloanbroker.ai/signup?utm_source=direct&utm_medium=organic&utm_content=md-lender-headway-capital MCP server for AI agents: https://mcp.businessloanbroker.ai/mcp (docs: https://businessloanbroker.ai/agents/mcp/)