Small Business Loans for Women

Find the right financing fit for your business.

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The Business Backer is temporarily not accepting new applications.

Business Loans for Women

Today in the United States, women own more than 11.6 million firms, 5.4 million of which are majority-owned by women of color.1 Together they employ nearly 9 million people and have generated a whopping $1.7 trillion in sales.2

But even with the strong growth of female entrepreneurs, it can still be difficult to obtain business funding. Women entrepreneurs are typically offered smaller loans and even pay significantly higher interest rates than their male counterparts.3 This is even true of government-backed SBA loans, where female business owners tend to receive 2.5 times less than male business owners.4

Female business owners can help fight against this financial discrimination by carefully weighing their lending options and being prepared for the financing application process.

1, 2 National Association of Women Business Owners. Retrieved Oct. 8, 2020.

3, 4 Hecht, J. State of Small Business Lending: Spotlight on Women Entrepreneurs. Retrieved Oct. 8, 2020.

Weighing Your Funding Options

 
Term Loans
Grants
Microlending
Online Funding
Investors
Pros
Term Loans
  • Typically low interest rates

  • Usually longer repayment periods

Grants
  • No interest rates or repayment terms

Microlending
  • High approval rates

  • Low interest rates

Online Funding
  • Fast funding

  • Minimal paperwork

  • Different qualification barriers

Investors
  • Large financing amounts

  • Business advice and mentorship

Cons
Term Loans
  • Difficult to qualify for

  • Long application process

  • May require collateral

Grants
  • Stringent qualifications

  • Can be difficult to find

  • Usually designated for a particular use

Microlending
  • Smaller funding amounts

  • Shorter repayment periods

Online Funding
  • Higher interest rates

  • Shorter repayment periods

Investors
  • Requires equity

  • Have to give up portion of future earnings

  • No longer have full control of the business

What Does the Business Backer Offer?

You may find the right financing fit with any of the three funding options available through The Business Backer. If any of the them look right for your business, contact us to speak to a Funding Advisor.

Fixed amount up to $200,000

Headway Capital’s revolving credit line up to $100,000

Purchase of future receivables agreement up to $200,000

From Application to Funding in 3 Easy Steps

  1. Apply online.

    One of our experienced Funding Advisors will call you shortly.

  2. Receive a decision.

    Your Funding Advisor will help determine the best financing option after you submit 3 months of business bank statements.

  3. Receive your funds.

    Sign your contract and receive funds as soon as the same business day, if approved.*

Apply for Funding

The Business Backer is temporarily not accepting new applications.

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