Small Business Loans for Women
The number of American businesses owned by women has been slightly increasing over the past couple of decades, with women making up 29% of business owners compared to 26% in 1997.2 But even as the number of female entrepreneurs increases, obtaining business loans for women can be a challenge, as only 16% of conventional small business loans granted each year go to women.3
These numbers may suggest that there is a unique set of challenges for female business owners to access business loans, but it’s important for women who own businesses to know that understanding your financing options and preparing for the application process can help increase your chances of approval.
Grants and Loans for Women-Owned Business
There're serveral business funding options for women other than loans issued by banks. Female business owners often turn to business grants and alternative business loans. Here's a short-list of women-owned business funding options.
Business Loans from Headway Capital
At Headway Capital, we believe you can accomplish great things with the right support, and we’re proud to help hardworking business owners like you accomplish your goals. We do this by offering a flexible business line of credit with no hidden fees.
Business line of credit
12, 18 or 24 months
No Hidden Fees
See our Rates & Terms for details
Weekly or monthly
Clear payment terms, interest does not compound, no penalty for early payoff
2 White, G. (April 17, 2015). Women Are Owning More and More Small Businesses. Retrieved January 27, 2017 from http://www.theatlantic.com/business/archive/2015/04/women-are-owning-more-and-more-small-businesses/390642/
3 Cantwell, M. (July 23, 2014). 21st Century Barriers to Women’s Entrepreneurship. Retrieved January 27, 2017 from http://www.microbiz.org/wp-content/uploads/2014/07/21st-Century-Barriers-to-Womens-Entrepreneurship.pdf
1We always do a soft inquiry unless your credit file is restricted, in which case we would ask you to contact the credit bureau to lift the restriction. Doing so may result in a hard pull.