I'm at $6K/mo revenue and 620 FICO — which?

Headway. OnDeck's $8K/mo revenue floor declines you. Headway's $4,200/mo floor accepts you, though expect APR in the 45 – 60% band at the lower revenue + lower FICO tier. Push revenue above $8K/mo and OnDeck becomes available at materially better pricing.

I'm at $30K/mo with 680 FICO and need $50K — which?

OnDeck. Their term APR (27%+) will beat Headway's LOC APR (35 – 60%) materially at this file grade. The only reason to take Headway is if you specifically need revolving draw-and-repay flexibility rather than a fixed-term loan.

Why does Headway have a weekly payment schedule instead of monthly?

Risk model — weekly auto-debit reduces Enova's exposure window compared to monthly billing. The downside for merchants is tighter cash management; the upside is faster principal paydown and lower total interest paid vs an equivalent-APR monthly product. Calculate total cost on actual payment schedules, not just headline APR.

OnDeck vs Headway Capital — honest comparison 2026

Both fund small businesses. They solve different problems. Here's the honest side-by-side, then five use-case verdicts so you don't have to guess.

The specs

OnDeckHeadway Capital

Product typeMulti-productLOC

Amount range$5K – $400K (term); $6K – $200K (LOC)$5K – $100K

Cost (factor / APR)Term APR 27%+; LOC APR 30%+APR 35 – 60% (LOC); fixed weekly payment schedule

Speed to fundSame-day for approved filesAs fast as next business day after approval

Min time in business12 months12 months

Min monthly revenue$8,000$50,000+/yr ($4,200/mo) typical floor

Min credit score600+600+

Products

Term loan
LOC

Business line of credit

Verdicts by use case

Larger deal size ($150K+) — Winner: OnDeck. OnDeck term loans cap at $400K, LOC at $200K. Headway Capital caps LOC at $100K. For sizable capital, OnDeck wins outright.
Cheapest cost of capital if you qualify for both — Winner: OnDeck. OnDeck term APR starts at 27%. Headway LOC APR ranges 35 – 60%. OnDeck wins on cost for borrowers who clear OnDeck's bar.
Lower monthly revenue floor — Winner: Headway Capital. Headway accepts $4,200/mo ($50K/yr). OnDeck wants $8K/mo+. Smaller operators are Headway-only in this pair.
Revolving / draw-and-repay capital need — Winner: Tie. Both offer LOC products. OnDeck LOC is monthly billing; Headway LOC is weekly auto-pay. Pick on cash-flow shape — monthly payment cycles favor OnDeck; revenue-aligned weekly draws favor Headway.
Speed to fund — Winner: OnDeck. OnDeck funds same-day on approved + verified files. Headway funds next business day. OnDeck edges on speed but both are fast.

The honest takeaway

OnDeck and Headway Capital solve overlapping but distinct problems. The right choice depends on three things you already know about your business: how fast you need the money, how long you've been operating, and whether the capital need is one-time or recurring.

Frequently asked questions

I'm at $6K/mo revenue and 620 FICO — which?: Headway. OnDeck's $8K/mo revenue floor declines you. Headway's $4,200/mo floor accepts you, though expect APR in the 45 – 60% band at the lower revenue + lower FICO tier. Push revenue above $8K/mo and OnDeck becomes available at materially better pricing.
I'm at $30K/mo with 680 FICO and need $50K — which?: OnDeck. Their term APR (27%+) will beat Headway's LOC APR (35 – 60%) materially at this file grade. The only reason to take Headway is if you specifically need revolving draw-and-repay flexibility rather than a fixed-term loan.
Why does Headway have a weekly payment schedule instead of monthly?: Risk model — weekly auto-debit reduces Enova's exposure window compared to monthly billing. The downside for merchants is tighter cash management; the upside is faster principal paydown and lower total interest paid vs an equivalent-APR monthly product. Calculate total cost on actual payment schedules, not just headline APR.