You are a women entrepreneurs are looking specifically for business loans for women? If so, you're ingood company. Never have many women starting businesses, and these loans are often promotetheir success. Here are just a few of the current statistics that highlight the current demand for business loans for women:
• Women-owned businesses accounted for over 40% of the total number of private enterprises in the United States.
• One in five businesses have revenue of $ 1 million or more is woman owned
• 10.1 million businesses are owned by women, using more than 13 million people and generate moresales in the $ 2 trillion to the economy each year.
Despite the apparent success of the women's business ownership, business loans for women is stillharder to come by than men business owners even when considering factors such as: industrial and credit score.
Not surprisingly, many of the women business owners also are aware of the challenges have beenfunded and are choosing to rely on external sources of capital than men. Because of the difficulty business loans for women, by women business executives often have little capital to work and tighterbudget to buy the things they need to fuel their success. Women also are more likely to seek outnon-traditional forms of lending such as peer-to-peer finance, non-profit or Government support, orreplace the business loan providers as Kabbage. Where to start If you are considering applying for business loans for women, a good place to start is the Office of women's business ownership with the u.s. small business administration (SBA). They oversee the network of women's Business Center (WBC)across the United States and provided training and advice for women, especially those with economicor social disadvantage. They also provide assistance in applying for SBA-backed loans.
While the SBA does not offer any specific loan program for women, it is one of the largest loan guarantor in the United States. This allows the women business owners the opportunity to apply tocommercial lending certificate for loans backed by the Government. And, many of the lenders don't have the certification program specifically designed to help businesses owned by women.
The SBA's loan programs include:
The SBA's Microloan program-microloans offer loans up to $ 50,000 to help small businesses andsome child care center nonprofit. SBA microloan on average is $ 13.000, and intermediary lendershave loan requests and their credit.
The total small business loans-SBA offers 7 (a) loan program to help businesses in the acquisition, operation, or expand your existing business. These are loans that are often larger than the paperthrough the Microloan program. The average 7 (a) loan in 2012 is $ 337.730, and the maximum loanamount is 5 million USD. 8 (a) business development program, SBA's 8 (a) business developmentprogram is not a loan program, which is a resource for minority business development and througha-for-one consultation, training workshops, technical guidance and management and women. Thisprogram also benefit women and minorities, because it provides access to a wide range of opportunities in government contracting to help they can compete on the market.
Women business owners who are interested in any loan program or the 8 (a) program should contactthe Office of their local SBA District. At the same time, the SBA's web site provides a wealth ofresources for women business owners through online learning center. Has online training courses, information sessions, video chat and many tools that can help support you in developing yourbusiness.
The National Association of women business owners (NAWBO) is a very good resource for womenbusiness owners. They are the leading organization representing more than 10 million women-ownedbusinesses in the United States. With 70 chapters across the United States, this organization is a one-stop resource to help women business owners include providing information on business loans for women. They keep an updated list the lenders along with offers of events, programs, and even aresource centre with loads of information for business growth.
The Bank's loans to private businesses for women
Many communities and the National Bank to provide loans and other financial solutions for women entrepreneurs. For example, Wells Fargo, a leading provider of small business loans for women in the United States, has launched an outreach program .
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