SBA Loans for Woman

Online lenders provide average or bad personal credit, to women with small businesses. There are no small business loans specifically designed for women entrepreneurs, but online lenders and other organizations offer funding and support for women-owned enterprises.

Here are business loans options for female entrepreneurs, including start-up and bad credit borrowers’ options, plus grants and other resources.

Other credit resources for women entrepreneurs

Many organizations offer women entrepreneurs services and assistance, including non-profit and SBA-affiliated programs. These include programs that teach women how to start a business and train them in the art finance and marketing management.

Grants

Women-owned businesses can get help through grants from government agencies and non-profit organizations in the early operation stages. Here are 10 things to look out for with women’s small-business grants.

The Women’s Business Centers are a network of nearly one hundred educational centers across the USA that help women start and grow their businesses. Typically, these centers offer seminars and workshops on a variety of topics, including how to start a business and raise capital.

National Association of Women Business Owners

The National Women Business Owners’ Association, based in Washington, D.C., has 5,000 members and 60 chapters throughout America. It provides training and information on topics ranging from capital access, to government contracting and the certification of the business.

National Women’s Business Council

The National Women’s Business Council works on issues related to women business owners in conjunction with the Office of the President, the American Congress and the SBA. Resources include start-up business assistance, alternative lending programs, conferences and mentor groups.

USA Funding Pros

This worldwide network of over 3.5 million women-owned enterprises, offers online business information and networking assistance. USA Financing Pros maintains a database where women business owners can obtain information about loans, grants and other sources of funding.

The SBA provides support in securing all of the aforementioned funding types. Moreover, the agency has a large national network of more than 100 Women Business Centers (WBCs) across the U.S. and its surrounding territories. These educational centers are specifically designed to support women who are starting and wanting to grow their small businesses. The aim of the WBCs is to “level the playing field” for women business owners, who are still facing unique barriers in business. The centers are listed by the state on SBA.gov website, and they offer opportunities for asking advice, information about mentoring and training programs, certification, and business networking.

The Women’s Business Ownership Office, of the SBA loans for women, oversees a WBC network providing comprehensive training and counseling to entrepreneurs (especially for women who are economically or have been socially disadvantaged) in a variety of areas in multiple languages.

It sounds very simple to fund your business:

• Simply apply for your loan and receive the capital.

However, if you’re a female business owner, then you may find it harder to get money than you’d expect.

That is the reason we’re here.

USA Funding Pros have searched out dozens of lenders to make sure that you find the best loans, specifically for women in small businesses. This guide will certainly not fix what is known as gender disparity when it comes to lending — yet it may help you level the playing field for a woman-owned enterprise.

Business loans made for women

What if there were no specific business loans for female entrepreneurs? — that would actually be illegal (more about that below). But there are women-owned companies that find some lenders, as well as loans, that work better than others. We’ll be certain to highlight why that is in our discussion.

USA Funding Pros is not just the people’s favorite lender for women-owned businesses, it is everyone’s favorite lender, simple as that. That’s because we really are in the market for lending. You only need to submit one short application to us, and we will match you with the loan options, for which you do qualify. At that stage, just select your best financing option, and we will help you to complete your application. We then process the application and get approval for your small business loan.

You’re sure to find the right funding option for your business from one of the great number of many small business loans, available through USA Funding Pros. In fact, none of the other lenders out there can match what we offer.

You do need to meet a few basic qualifications and we believe that we are going to be your favorite lender, as well.

Why do companies owned by women get loans denied at such high rates?

That’s a good question! Actually, the lenders have not come out and explained the disparity, but we can make some educated assumptions.

Studies show that female-owned businesses earn less than male-owned businesses, and that female business owners tend to have lower credit scores, than male business owners. And since business income and personal credit scores are a major factor in loan applications, this could naturally result in women being denied business loans, at higher higher interest rates.

But it could sometimes be just good old-fashioned sexism. A majority of women say they have experienced gender bias in their careers and nearly one-third of women business owners say their financing is affected by this.

It can be challenging to obtain work capital for women-owned companies, but that is not impossible. The above ranked lenders have plenty of options for women entrepreneurs.

So go ahead:

• apply for that loan, and get the money.

Women are not the only ones who can have difficulty obtaining funds. See our guide to the best loans available for minority-owned enterprises and search for the best lenders for minority business owners.

Our research on the SBA loans for women, is meant to offer general recommendations for financial products and services. We do not guarantee that our suggestions will work best for every individual or for every business, so when making a decision, consider your unique needs.