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Side Business : Business Loans for Women

Postby skysnap » 09 Feb 2017, 06:31

Starting a business is now lot easier for women than in past. Now these days women can get loan and the support for their business venture. There are many types of loans and the resources available for building the foundation for any product or service based business. Here are some of the loan options available for women.

Grants

The biggest source for the loan is grants. There are plenty of grants for women business owner. And they can make use of grants of around 10K per year. Depending on the business model, the grant can be bigger. So one has to qualify for the grants. And there are plenty of such options out there. Most of the women who want to get the grants should contact respective grant foundation. Some grants may require you to present the business model. And in some cases you may also be required to show some validation of the business idea. Some of the grants that you can check out in US are - InnovateHER Challenge, Grants.gov etc.

SBA Women’s Business Centers

SBA is known for it's support for the small business owners. And they have special category for loans allotted to the women business owners. You may find that women in US can get the SBA loan and guidance. In fact SBA is known for it's business support for the new business owners. And in such case these centers can be really good. I have found that centers such as that can play a big role in the growth. Some of the centes also have the seminars and workshops. So anyone who wants to see the loan option can check out the site. Also attending the seminars and wokshop can teach you a lot of things.

Rails Girls

This is not exactly a loan but it is training camp. Anyone from around the world can use their website. But camps are going to be for local users specifically women. And they do pay for attending this camp based on your performance. Here you get trained for web design. You learn how to code. Then you can get into the web design using Rails. There are many women out there helping other women to learn to code. And that is how many women are getting into design. This can be a good option when you want to start into the web design business. Also this can be a good idea if you wish to get into the programming career. I have seen many women using this as a way to establish their financial foundation. And based on that rails girls can be one such good option to invest into yourself.

OnDeck

This loan is meant for the short term. Loan amount seems to be from - $5,000 to $500,000. It is upto the period of 3 to 36 months. And it seems the interest is also low compared to other loans in the market. You can find that this type of loan system can be good for those who are starting product based business. As for initial few months this type of loan can be good enough for establishing the business. There are lot of good reviews of the odeck. However do note that this loan system is currently for the US based users only. In future this may get open for the women around the world.

Women’s Business Centers

Some of such business centers maintain the database of the loan giving banks. And approaching such centers can also improve the networking. So you get some recommendation for the loan. You may find that it's not easy to get recommendation for the bank loan. But with such center, you can validate the product or service idea. And slowly this means you are in much better option. There are some of the centers that may help with the contacts for the recruitment, raw material and other stuff. So such database can be really handy for growth. Apart from loans, these business centers can be really handy.

These are some of the unusual options for women to get some loan from the market. You may definitely want to check these resources. You can also ask for loan question in local government forums around.
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Re: Side Business : Business Loans for Women

Postby peachpurple » 24 Mar 2017, 05:57

wow, I didn't know there are many options to get loans for women, thanks for the information
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Re: Side Business : Business Loans for Women

Postby Happyland » 02 May 2017, 17:02

There are many micro lending services out there. They also cater to women owned business start ups. They have low or no interest rates and a generous pay back period. Some are country specific while others are not. It is possible to perform a search for them.
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Re: Side Business : Business Loans for Women

Postby ken alto » 03 May 2017, 12:39

Nowadays women have a wide access to finances unlike in the past. Many have started successful businesses and many more should be encouraged to make use of the available finances. Thanks for sharing.

-- 03 May 2017, 15:42 --

peachpurple wrote:wow, I didn't know there are many options to get loans for women, thanks for the information


Yes, nowadays women have access to loans from various sources. They should make use of then and invest in income generating activities.
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