Small Business Loans for Women
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Small Business Loans for Women: Our Top Picks
Biz2Credit: High borrowing amounts up to $2 million for qualified borrowers. Bluevine: Business line of credit up to $250,000; funding within one business day. Fundera: One application gets multiple offers; minimum 600 credit score. Funding Circle: Choose from a term loan or SBA loan up to $500,000. Lendio: Online lending marketplace with more than 75 lenders to choose from. OnDeck: Same-day funding on short-term loans and lines of credit. SmartBiz: Offers term loans, lines of credit, and SBA loans from a network of lenders. Seek Capital: Lending platform that offers loan approval within 24 hours.
8 Types of Small Business Loans for Women
1. Business Line of Credit
What Is a Business Line of Credit?
Your business credit rating Your personal credit score The amount of time your business has been running Your business revenue Your business plan
Why Choose a Business Line of Credit?
Keep in Mind
2. Term Loan
What Is a Term Loan?
Why Choose a Term Loan?
Keep in Mind
3. SBA Loan
What Is an SBA Loan?
SBA 7(a): SBA 7(a) loans are small business loans for women with established businesses. Financing is up to $5 million for almost any business-related purchase, including property. Additional options include an SBA 7(a) Small Loan (up to $350,000) or an SBA Express loan, which has a turnaround time of 36 hours for qualified applicants.
SBA 504: SBA 504 loans are used to purchase new or existing buildings and land, renovation of existing property, new construction purchases, or refinancing of debt related to the expansion of your business.
Why Choose an SBA Loan?
Keep in Mind
4. Commercial Real Estate Loan
What Is a Commercial Real Estate Loan?
Why Choose a Commercial Real Estate Loan?
Keep in Mind
5. Equipment Loan
What Is an Equipment Loan?
Why Choose an Equipment Loan?
Keep in Mind
6. Personal Loan for Business Use
What Is a Personal Loan for Business?
Why Choose a Personal Loan for Business?
Keep in Mind
7. Invoice Financing
What Is Invoice Financing?
Why Choose Invoice Financing?
Keep in Mind
8. Microloan
What Is a Microloan?
Why Choose a Microloan?
Keep in Mind
Get Certified As a Women-Owned Small Business (WOSB)
Your business must be small. Your business must be at least 51% owned and controlled by women who are US citizens. Women need to be responsible for your business’s day-to-day operations and making long-term decisions.
Applying for Women-Owned Small Business Loans
Online lender Bank Credit union Peer-to-peer network
Alternatives to Loans: Small Business Grants for Women
State and local grants Nonprofit grants Grants offered by private organizations
Find Funding for Your Women-Owned Business
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