Small Business Loans for Women
Find the right financing fit for your business.
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
Typically low interest rates
Usually longer repayment periods
No interest rates or repayment terms
High approval rates
Low interest rates
Fast funding
Minimal paperwork
Different qualification barriers
Large financing amounts
Business advice and mentorship
Difficult to qualify for
Long application process
May require collateral
Stringent qualifications
Can be difficult to find
Usually designated for a particular use
Smaller funding amounts
Shorter repayment periods
Higher interest rates
Shorter repayment periods
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
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Apply online.
One of our experienced Funding Advisors will call you shortly.
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Receive a decision.
Your Funding Advisor will help determine the best financing option after you submit 3 months of business bank statements.
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Receive your funds.
Sign your contract and receive funds as soon as the same business day, if approved.*
The Business Backer is temporarily not accepting new applications.
