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Loan Amount Slider
$5,000 $100,000

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Weekly Payment Amount

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This line of credit calculator assumes a monthly interest rate of 3.3%.*** Calculation includes 2% draw fee.** Your interest rate and credit limit may vary based on your application information.

Business Line of Credit

Brought to You by Headway Capital

Access working capital whenever you need it.

Line of Credit: Flexible Funding That’s Always at Hand

Small business lines of credit are a popular form of business financing due to their flexibility. If approved, you will receive a credit limit. You can then decide how much you would like deposited into your business’ bank account, up to your maximum credit limit. As you make payments, that money becomes available to draw again — without the need to reapply. This form of revolving credit allows you to have working capital on hand whenever you need it.

Small Business Lines of Credit Through Headway Capital

Taking out a line of credit through our partner Headway Capital can help your small business meet financing needs now and in the future. Reliable access to funds allows you to purchase inventory, cover payroll or take a chance on a business opportunity.

With a business line of credit, each time you request a draw, you will select the amount to borrow (up to your available credit limit) along with a repayment term. Once complete, your entire outstanding balance is re-amortized. You will always only have one payment at a time and you will only pay interest on the funds you’ve drawn from your line.


Maximum Credit Limit

12, 18 or 24 Months

Repayment Period

Weekly or Monthly

Payment Frequency

Monthly Rates Starting at 3.3%***

Fixed Monthly Interest

Daily Interest to Help You Pay Less

The revolving line of credit offered through our partner Headway Capital charges daily interest rather than monthly. This means that interest accrues on a customer’s outstanding principal balance on a daily basis. If a customer pays off the line of credit balance early, interest no longer accrues since there is no balance. This can help business owners save money over the lifetime of their business line of credit because they won’t be paying interest on days when the balance is zero. When showing our interest rates, we convert them to monthly so you can more easily compare our rates to others.

What You'll Pay With a Line of Credit

These are examples of the costs that come with our business line of credit. Your approval amount, interest rate and repayment term depend on a variety of factors including but not limited to your annual sales, industry type, time in business and overall credit performance.


Monthly Starting Rate


Draw Fee Per Draw

Minimum Qualifications

6 Months

Time in Business


Annual Revenue


Credit Score

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The Business Backer is not accepting new applications.

Business Line of Credit Advantages

Fast Funding

Request a draw. Get funds as soon as the next business day, if approved.

No Prepayment Penalties. Ever.

Save on interest costs by paying early.

Apply for Funding

The Business Backer is not accepting new applications.

FAQ About Business Lines of Credit

Business lines of credit are different than business credit cards primarily in how lines of credit can be used as cash. If certain vendors won’t accept credit cards, or impose fees for credit card use, a line of credit comes in handy. With a line of credit, you can pay bills via check or cash. It can also give you money on hand if you don’t have a sufficient amount of available credit through credit cards.

A non-revolving line of credit can’t be used again after it’s paid off. The primary advantage these have are typically lower interest rates and a better ability to manage risk. However, they don’t offer the flexibility and ongoing financial support of revolving lines of credit.

It all depends on your business’s financial needs. A business loan can be great for larger expenses that require money up front. A line of credit is better for ongoing access to working capital. Check out our Small Business Loans if you think a business loan might be better for you.

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