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The Power of Women-Owned Businesses
Women are a driving force for the success of the nation’s economy. But we don’t have to tell you that. Forty percent of businesses in the United States are owned by women, this is a 114 percent increase since 2000. And between 2014 and 2019, the number of women-owned businesses increased 21%, while total businesses increased only 9%, showing that women are taking the economy by storm.
These female-owned businesses generate trillions of dollars per year and provide thousands of jobs in the United States. Unfortunately, even though the number of women-owned businesses has drastically increased over the last twenty years, and continue to prove their worth, women are still less likely to be approved for a business loan than their male counterparts. According to the Boston Consulting Group, even though women are provided significantly lower funding, they generated 10% more revenue and delivered more than twice as much revenue per dollar invested over a 5 year period.
Here at National Funding, we understand the importance of female-owned businesses and the key role in helping the nation’s economy flourish. That is why we proudly support women-owned businesses by providing business funding solutions to help women sustain and grow their businesses. We are here to help you fund the future of your company with small business loans for women, simply apply today to see if you qualify for our business loan options.
Small Business Loans for Women
What Customers Are Saying
Joann Johnson, Owner/COO
JoChas Moving & Delivery
I went to our bank for a loan, but they wouldn’t give us a chance. National Funding was willing to take a risk. Our first financing was very easy. They needed 3 months of bank statements and our income tax return, and the next thing I knew, they said ‘Joann, what account do you want your funds to go into?’ It was even easier the second time.
Why National Funding?
National Funding’s business loans for women have been streamlined to make the application and funding process as straightforward as possible. Our easy application and approval process on business loans for women empower the female business owner. Together with our flexible repayment options and willingness to work with business owners who may have less than perfect credit, procuring the cash you need just got easier.
Resources for Women Owned Businesses
As a female entrepreneur, you know there are many challenges that come with running a successful small business. You also know how good it feels to see your business dreams become a reality. At National Funding, we want to see you succeed and help you along the path to success by providing the best business loans for women. Check out some of the resources below for useful tips on running and funding a woman-owned business.
Women are more likely to launch a business than men, but men are more likely to be awarded a larger business loan. Luckily, there are alternative lending solutions for funding small business loans for women. Check out this post to see helpful resources women business owners can use to finance their businesses.
Meet Cheryl Dailey and Joann Johnson, two successful women business owners. Each of these women has secured small business loans to finance the growth and expansion of their businesses. Read more about their success with loans for women and how they used alternative lending options to reach their business goals.
FAQ: Small Business Loans for Women
Securing the financing you need for your woman-owned business can be downright difficult. The fear of having your application denied is enough to worry any business owner. You probably have questions about small business loans for women and how to get one. We’ve compiled some of the most common questions asked by women small business owners to help answer what’s on your mind.
No! Funding your business growth doesn’t have to be difficult. With a loan for woman-owned business from an alternative lender, like National Funding, you won’t have to worry about a long application process. You can even have your business loan financed in as few as 24 hours.
While many traditional lenders such as banks may not approve business loans for women with less than ideal credit, alternative lenders have the ability to be more lenient. We understand your current credit score does not represent your capability to succeed. If your credit is not where you’d like it to be, using an alternative lender may be a great option to finance your business needs.
When it comes to traditional lenders, women in business can have a hard time getting the financial support they need and deserve. With our easy online application, you can submit your information for a woman’s small business loan within minutes. If approved, your small business can receive the needed financing in as little as 24 hours.
Female entrepreneurs work just as hard as their male counterparts, but don’t always get the respect they warrant. This can result in a lack of support in the initial or growth stages of any business.
Women should feel comfortable taking on a loan when the funding can support business expenses or expansion. Whether it is a slow season or you’d like to double your workforce, business loans for women can allow women-owned businesses to keep a strong cash flow, cover payroll, upgrade business equipment, open new locations, secure more inventory, and so much more.
If you feel your business needs funding that will allow for success and paying back the loan quickly, then there is no better time to apply.
Generally, there are no SBA loans for women specifically. However, the SBA offers women business owners funding resources through the Office of Women’s Business Ownership. This Office helps female entrepreneurs with SBA coordinated program such as business training, counseling and more.
Qualifying for a loan for woman-owned business through an alternative lender is easier than ever before. Where you may have to have excellent credit and high profits to qualify for a traditional business loan, alternative lenders can usually offer customized financing for your unique situation.
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