Quick answer
Headway Capital's published minimums are 1+ year in business, $50,000+ in annual revenue, and 625+ personal FICO. They offer revolving lines of $5,000-$100,000. Documents needed: 6-12 months of business bank statements, government ID, and basic business details. Approval typically takes 1-2 business days. Not available in every state — confirm availability before applying.
Full answer
Headway Capital underwriting box: minimum 1 year operating, $50,000+ in annual business revenue, and 625+ personal FICO credit score for the majority owner. These thresholds are more selective than typical MCAs (which often accept 6 months and 500 FICO) but more accessible than bank lines of credit (which usually require 2+ years and 680+ FICO).
Product structure: Headway is a revolving line of credit, meaning the qualification is for a credit limit, not for a one-time advance. Once approved, you can draw any amount up to the limit on demand, repay over a schedule (weekly or monthly), and re-draw repaid principal. This structure suits businesses with lumpy or recurring working-capital needs.
Documents required: 6-12 months of business bank statements (primary underwriting signal), government-issued ID for the majority owner, business legal name and EIN, time-in-business proof (formation document or tax return), and basic financial information about revenue and existing debt. Tax returns are sometimes requested for larger limits.
State availability: Headway operates in most US states but not all. Notable exclusions historically include some Northeast and West Coast states due to state-specific lending license requirements. Check Headway's current state list before spending time on an application.
Approval timeline: clean applications typically receive a decision in 1-2 business days. Funds become available on the line immediately after acceptance; draws transfer to your bank in 1-3 business days via ACH.
Credit reporting: Headway reports to commercial credit bureaus, which means on-time payments help build your business credit profile — a real advantage over MCAs, which typically do not report. Late or missed payments also report negatively, so factor that into the decision.
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