Small Business Loans for Women

Amount:

$20,000 – $350,000

Term:

1 – 4 Years

Amount:

Up to $200,000

Payment Options:

Daily, Weekly or Semi-Monthly Payments

Amount:

$5,000 – $150,000

Term:

1 – 3 Years

Amount:

85% – 95% of Invoice Value

Actual offers vary based on your application information and lender.

Business Loans for Women

The number of women-owned businesses in the United States has been steadily increasing over the past couple of decades, with women making up 29% of business owners compared to 26% in 1997. Additionally, the number of women-owned firms has grown 68% since 2007, compared to 47% for all businesses.1 But even as more women become entrepreneurs, obtaining loans for their businesses can still be a challenge — only 16% of conventional small business loans granted each year go to women.2

While the reasons for this gap vary, the main thing you should know is that carefully weighing your lending options and being prepared for the application process can help increase your chances of receiving funds.

Weighing Your Funding Options

loans
Bank Loan
Advantages
  • Low interest rates
  • Long payment terms
Disadvantages
  • Difficult to qualify for
  • Long approval times
  • Can require collateral
grants
Grants
Advantages
  • No interest rates or repayment terms
Disadvantages
  • Very high qualification standards
  • Can be hard to find
  • Generally designated for specific uses
investors
Investors
Advantages
  • Large financing amounts
  • Business advice and mentorship
Disadvantages
  • Requires you to give away equity
  • Requires you to give away part of your future earnings
  • Lose some of the control of your business
microlending
Microlending
Advantages
  • High approval rates
  • Low interest rates
Disadvantages
  • Small funding amounts
  • Payment terms can be short relative to other types of financing
online lending
Online Lending
Advantages
  • Fast funding
  • Less paperwork
  • Easy to qualify for
Disadvantages
  • Interest rates can be high
  • Payment terms can be short relative to other types of financing

What Does The Business Backer Provide?

The Business Backer has helped thousands of female entrepreneurs with their businesses. Since 2007, we’ve offered advice and customized financing solutions for businesses of all types. Our Funding Advisors consult with you one-on-one online or over the phone to evaluate your needs, then help match you with the right product, either directly with us or through our True Relationship Network™ of partners.

Our online application process is fast and simple, and we look at a wide range of factors to get a holistic view of your business before determining your funding options. That way you’re getting an option that fits your unique business needs. Apply now or speak to a Funding Advisor today!