Headway Capital W Jackson Blvd, Chicago

Loan sharks….I wish I read the reviews earlier(and I’m not one that puts much weight on public opinion). Every negative review I’ve read, I’ve experienced with this lender. Exorbitant interest rates and fees, no assistance whatsoever if you are trying to payoff balance early. I was told by the collections department that I would need to be delinquent first before a settlement/payoff can be negotiated. Interest accruing daily, but when you go to make a payment online, you CANNOT post your payment on the same day, so you are forced to pay additional days of interest payments by default. Borrowers/small businesses in a bind, please make sure you have completely exhausted all options before accepting Headway Capital’s offer of help.

Almost fell for the con. They contacted me after an online application and seemed very attentive. My company has impeccable credentials. So they were anxious to offer me a deal. They seemed to have gotten the deal done and were willing to give me more then i wanted. They agreed to the terms I wanted and told me the rate was 3% for a credit line and 29% for a 12month loan. no go on the weekly draw for 29% but it was a good deal for a credit line 3% interest only. Except they didn't tell me 3% interest only on every draw and weekly interest. Really shady situation STAY FAR FAR AWAY FROM THIS COMPANY . IF I COULD GIVE THE -10 STARS I WOULD. ALSO MAKING A COMPLAINT WITH EVERYONE I CAN. This is how peoples lives get ruined. SHAME ON U HEADWAY CAPITAL. MAY YOU RECEIVE ALL YOU DESERVE.

Headway makes it easy to get a small business loan quickly. That is the only real positive. They are not transparent about fees and how interest is calculated, and they are not flexible about loan repayment length. The net effect is that it is pretty much impossible to pay down your principal. This is a very expensive way to borrow money. Borrower beware.

I got approved for business line of credit . My only thing is the interest rate is way too high . I’m considering closing it after my evaluation. Also the process took a week to approve after it was stated 24-48 hrs .

Please stay away from this bank this is a scam they lie there's no interest rate of 3% they delay your payments on purpose Please stay away from this bank its a big scam !!!!!!

Headway Capital is deserting their customers at precisely the moment we most need them! I have borrowed money from Headway many times -- tens of thousands of dollars -- and have always paid back well in advance of the due date. I've never missed a payment. I have personal wealth and income outside of my business and, despite these tryings times, a good credit score. Yet, today, Headway pulled my access to credit. My business did not anticipate drawing money, but we did appreciate having access to capital. Headway pulled our safety net during a global pandemic. We will NEVER, EVER do business with this firm again. They've always been a predatory lender, but we understood the rules of that game. This action, however, places them in an entirely new category: merciless, uncaring, lacking the type of values our company does business with.

1. They charge 2% to draw from your account! Minimum draw is 15,100, so you pay an additional 500.00 just to draw. 2. They wont let you pay off your new balance of 15,600 for 7 days! Costing you an additional 169.12 in interest!

Got a which i thought was a good deal until I realized that the APR was 60% !!!!!!!!! Stay away from headway capital!!! Loan sharks!!!!!

To reject a small loan during the pandemic is asinine. I wouldn't do business with this company.

they do not give any opportunity