How does a Headway Capital business line of credit work?

Headway Capital's core product is a revolving business line of credit rather than a fixed-amount term loan — a business draws funds as needed up to its approved limit and pays interest only on the drawn balance, not the full available limit. That structure makes it a working-capital tool for recurring or unpredictable cash-flow gaps (payroll timing, seasonal inventory, an unexpected repair) rather than a one-time large purchase, which is generally better suited to a term loan or equipment loan.

Repayment terms and cost structure

Borrowers choose a repayment term of 12, 18, or 24 months, with weekly or monthly payment frequency options. Headway Capital's own online calculator illustrates a scenario using a 3.3% monthly interest rate and a 2% draw fee, while stating explicitly that the actual interest rate and credit limit offered vary based on the individual application — the calculator figure is illustrative, not a quoted rate. Headway Capital also notes no draw fee applies in Colorado, Georgia, Indiana, New Jersey, and Oklahoma, reflecting state-level fee regulation.

Who's behind Headway Capital

Headway Capital operates as part of Enova International (NYSE: ENVA), a publicly traded consumer and small-business lending company that states it has serviced more than 5 million consumers since 2004. Enova also operates other lending brands, which is a useful context point since a business's application, underwriting, and servicing may route through shared Enova infrastructure even though the customer-facing brand is Headway Capital.