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    We Specialize In Small Business Loans For Women

    We take pride in finding funding for entrepreneurs who strive to empower the small business community.

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        Business LoansBusiness Loans for Women
        Unsecured Funds Unsecured Funds No personal guarantee &
        no collateral required*
        Quick Funding Quick Funding Get funded within
        a few business days
        Simple & Easy Simple & Easy Past credit issues may
        NOT be a problem
        Fast Approvals Fast Approvals Within 24 hours of
        application

        What our clients are saying:

        5 Star

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        Rating on TrustPilot

        Unsecured Funds Unsecured Funds No personal guarantee &
        no collateral required*
        Quick Funding Quick Funding Get funded within
        a few business days
        Simple & Easy Simple & Easy Past credit issues may
        NOT be a problem
        Fast Approvals Fast Approvals Within 24 hours of
        application

        Intro To Small Business Loans For Women

        Female business owners have traditionally had an excessively difficult time obtaining business loans. This is mostly because they tend to start their businesses with fewer advantages than their male counterparts. These advantages include excellent credit, a high net worth, and financial support from other people.

        According to the National Association of Women Business Owners, some 11.6 million firms are owned by women in the United States alone, generating 1.7 trillion dollars in annual revenues and employing over 9 million people. At this rate, the business financing industry’s bias against women could endanger the economy.

        Thankfully, companies like United Capital Source have access to special Small Business Loans for Women. No longer do the aforementioned disadvantages have to prevent female business owners from getting the funding they need to reach their true potential.

        In this guide, we’ll answer the following questions and more:

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          What Are Small Business Loans For Women?

          Small business loans for women are not a single kind of loan focused on women. Instead, our dedication to fighting against the discriminatory policies that are typical in lending gives women an equal chance at a business loan. At United Capital Source, we understand the statistics: women have a harder time getting business loans than men.

          When it comes to accessing business credit, women-owned businesses face challenges. Study after study shows that women struggle to get the financing they need for their businesses – more than their male peers do.

          Funding Amount Funding Amount $10K – $5M
          Funding Term Funding Term 3 months – 10 years
          Rates Rates Starting at 9%
          Speed Speed 1-3 Business days

           

          How Do Small Business Loans For Women Work?

          One of the central purposes of this concept is giving female business owners access to various business financing products. In the past, female business owners with subpar credit or lower working capital could not access the most appropriate products for their goals. It didn’t matter how well their businesses were doing.

          But that’s not how we do things at UCS. Instead, our network is willing to overlook some conventional limitations. For example, female business owners often start their businesses with less working capital than men. They have less personal and outside funding at their disposal. This can easily hamper their credit score or capacity for growth. The business loans geared toward women dive into the root of these issues, rather than just looking at numbers. Thus, we assign borrowing amounts, rates, and terms that female business owners might not be able to access on the strength of their credit score, bank balance, or annual revenue alone.

          Small business loans for women can take the form of the following products:

          Borrowers could potentially access amounts as high as $10 million for terms of up to ten years.

          Recent Facts, Figures & Reports on Women-Owned Businesses

          Access to capital is still one of the biggest barriers for women trying to launch, grow, and scale a business. Source: National Women’s Business Council

          Women start businesses with an average capital amount of $75,000. That is just about half the average capital amount for businesses owned by men. Source: National Women’s Business Council

          Women-owned businesses account for 21% of U.S. small-employer firms. Source: Small Business Credit Survey

          From 2014 to 2019, women-owned businesses grew by 21%. Businesses owned by women of color grew at 43% – twice as fast. Source: American Express 2019 State of Women-Owned Businesses Report

          What Are The Advantages of Small Business Loans For Women?

          Small business loans for women are most advantageous for female business owners who have had trouble accessing financing for the following reasons:

          • Little or Poor Credit History

            Historically, the credit system hasn’t favored women. Did you know that women couldn’t even apply for their own credit scores until 1974? While we’ve come a long way since then, the system is still catching up. That’s why women’s credit scores tend to fall about 20 points below their male counterparts’ credit scores these days. Some banks require near-perfect credit scores for their loans, which ultimately hurts women in business.

          • Low Working Capital/No Collateral

            On average, women don’t put a lot of their own personal dollars into their businesses. Men, on the other hand, tend to use their own funds when starting their businesses. Bank owners often reason that more personal funding = more commitment to the business, so they’re more likely to give business loans to those who have invested more of their own money. They don’t consider the reasons – such as financial discrimination, family care, etc. – that a woman may have to spend her money elsewhere.

          • Industry/Niche

            The last item on this list stems from the fact that women are more likely to start businesses in industries that are stereotyped as “low-growth” or “risky.” Examples of such industries include hospitality and retail. At UCS, however, we do not adhere to industry stereotypes or deny applications solely because the industry isn’t as “trendy” or “safe” as others.

            If your business is doing well, we will most likely overlook these disadvantages and give you the borrowing amount, rate, and terms that make the most sense for your business. Your cash flow and performance will also be the chief criteria for the product you receive.

            In summary, small business loans for women work best for female business owners who suffer from conventional disadvantages but have thriving businesses.

          What Are The Disadvantages of Small Business Loans For Women?

          We wish we could distribute the very best products for every hard-working business owner. Unfortunately, this is not the way business financing works. The most advantageous products will always go to borrowers with excellent credit, strong cash flow, and several years in business. Until you can meet these criteria, your rates and payments may be on the higher side.

          In other words, though we may be able to offer higher borrowing amounts, lower rates, and longer terms than banks, it’s impossible to give everyone everything they want. A business loan probably won’t solve all of your problems, but it may be able to clear the biggest obstacles to growth at this moment. Paying back your first business loan will also bring you significantly closer to obtaining another loan with better terms.

          PROS

          • Get access to funds quickly
          • Approval process is easy
          • Less than perfect credit accepted
          • Use for a variety of business purposes

          CONS

          • Higher rates & fees than with traditional loans
          • Might require collateral
          • Gets more expensive with lower credit

           

          Business Loans For Women Product Comparison

          Loan types Max Amounts Rates Speed
          Merchant Cash Advance $7.5k – $1m Starting at 1.09 1-2 business days
          SBA Loan $50k-$10m Starting at 5% 3-5 weeks
          Business Term Loan $10k to $5m Starting at 5% 1-3 business days
          Business Line of Credit $10k to $250k Starting at 8% 1-3 business days
          Receivables/Invoice Factoring $50k-$10m Starting at 5.8% 1-2 weeks
          Equipment Financing Up to $5m per piece Starting at 5% 3-10 business days
          Revenue Based Business Loans $10K – $5m Starting at 9% 1-3 business days

          Who Qualifies For Women’s Business Loans?

          Approved businesses generally met the following criteria:

          Annual Revenue Annual Revenue $120K+
          Credit Score Credit Score 525+
          Time in Business Time in Business 6 months+

          How To Apply For Women’s Business Loans:

          If you have the required documentation on hand, our application can be completed in a matter of minutes. And depending on your desired product, funds can appear in your bank account in as little as 24-48 hours. Here’s how to apply:

          Step 1: Consider Your Needs

          With the help of UCS, female business owners can access a variety of products. Since no one knows your business better than you, we recommend researching each product to decide which one works best for your cash flow. Is your business highly seasonal? Is your industry particularly prone to occasional dips in revenue? Answering these questions before applying will help us determine the smoothest possible repayment structure.

          Step 2: Gather Your Documents

          Depending on your desired product, you may need the following documents and information:

          • Voided business check
          • Bank statements (3 Months)
          • Credit card processing statements (3 Months)
          • Accounts receivable aging report
          • Accounts payable report
          • Drivers license

          Step 3: Complete Application

          You can begin the application process by calling us or filling out our one-page online application. Either way, you’ll be asked to enter the information from Step 2 above, along with your desired funding amount.

          Step 4: Speak to a Representative

          Once you apply, a representative will reach out to you to explain the repayment structure, rates, and terms of your available options. This way, you won’t have to worry about any surprises or hidden fees during repayment.

          Step 5: Receive Approval

          The process generally takes a few business days, depending on which product you choose. Once the file is approved and closed, funds should reach your bank account in 1-2 business days.

          Your Business Loan Gets Set Up – Now What?

          Your business loan isn’t just a way to get financing for your business. It’s also an excellent opportunity to start building (or improving) your credit.

          Regardless of the type of business loan you get, make all of your required payments on time and in full. If you get a business credit line or another form of revolving credit, keep your balance below the credit limit.

          Consistently making your business financing payments on time and in full will positively impact your credit. And that means preferred rates and terms when you next need business financing.

          What If I’m Declined For Women’s Business Loans?

          If your application gets declined, it might be due to the conclusion that your business cannot afford to take on more debt at this time. In this case, we might recommend alternative tools for financing your business, like a business credit card or even a personal loan. These alternatives are usually easier to qualify for than business loans. At UCS, we can help you explore your options and point you in the direction of the most sensible choices.

          Business Grants for Women: An Alternative To Borrowing Money

          Business loans aren’t the only option when it comes to financing a woman-owned business. Non-profits and other organizations offer small business grants for women.

          Like a term loan, a business grant gives you a lump sum of cash. However, grants don’t usually require repayment. Use a grant in addition to business credit to grow your business faster.

          Additional Resources for Business Grants for Women

          Interested in small business grants for women? Here are five to get you started.

          1. Grants.gov
          2. Growth Grants from the National Association for the Self-Employed
          3. Ambergrants for Women
          4. Grants for Women
          5. SBA Grants

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            People Also Ask:

            Does The SBA Offer Assistance To Female-Owned Businesses?

            The SBA’s Office of Women’s Business Ownership does offer several grants. But as we mentioned in the previous section, the requirements for grants are much steeper than business loans. However, this is far from the only type of business assistance offered by the SBA. For resources and workshops on business growth, consult your nearest Women’s Business Center. The SBA has nearly 100 of these centers set up around the country. You can also seek private advice from successful female business owners through the SBA’s SCORE program.

            And yes, these programs are free.

            Make sure to get a Women-Owned Small Business (WOSB) Certification if your business ownership is majority female. Benefits include being first in line for government contracts as they become available.

            Where Can I Find Support And Resources As a Woman-Owned Business?

            Your closest SBA-supported Women’s Business Center is a good place to start.  Additionally, you’ll find online and in-person resources at

            Can I Get a Small Business Loan For Women with Bad Credit?

            Yes, Small Business Loans for Women are available to borrowers with credit scores as low as 550. We can even recommend certain products that will raise your credit score in the quickest time frame. Payments for only some products are reported to credit bureaus.

            If poor credit is preventing you from obtaining funding, you should consider our credit repair services. We can help you identify the issues that keep your score down and create a plan for eliminating them.

            Have You Helped Women in My Industry Get Funded Before?

            More than likely, the answer is yes. We work with men and women in hundreds of industries, including the statistically female-led businesses. From retail to recycling, we’ve helped to facilitate small business loans to all sorts of industries.

            Do I Need a Business Plan For Women’s Business Loans?

            No, you do not need a business plan to apply for any product from UCS. For most products, you don’t even need to disclose your intended purpose of the funds. However, you should never apply for a business loan without knowing exactly which investments or expenses the funds will cover. Disclosing this information will also help us determine the right borrowing amount, terms, and repayment structure for your needs. Failing to develop a plan before applying often causes borrowers to ask for too much funding or too little.

            Why Do Women Have Unequal Access To Business Loans?

            The business financing industry’s bias against women stems from a multitude of circumstances. First is the discrepancy in working capital between female and male business owners. Women start their businesses with less working capital and use more of their own money to finance their companies. In traditional business lenders’ eyes, this suggests that the business owner will have less money to make payments should the business fail.

            Additionally, research has shown that the average woman’s credit score is about 25 points lower than the average man. For traditional business lenders, the credit score is the most critical factor when approving loans. If you do not have excellent credit, they won’t even look at the rest of your data.

            Traditional business lenders also favor older, wealthier businesses. Research has shown that women tend to apply for funding at earlier stages in their business’s development. This is merely because their male counterparts had plenty of funding to start their companies and had no reason to look for more.

            If this wasn’t frustrating enough, scholars at several Ivy League colleges conducted another study even found that investors and bankers prefer to lend money to handsome men. Simply put, people like to work with other people who look like them.

            What Are Other Ways For Women To Access Business Funding?

            Female business owners have other options for funding, but they are much harder to obtain than business loans. For example, business grants are only available to specific industries, and the application requires substantial paperwork. Applicants for many private grants must be located in low-income areas or be involved in a female-dominated industry (i.e., retail, jewelry). You might have to write a compelling essay and prove that you are promoting gender equality.

            For more information on grants for female business owners, check out the web-based membership organization WomanOwned. This database has information on thousands of grants as well as state-specific business development assistance.

            Another option is venture capital. However, female business owners received just 2.2% of all venture capital dollars in 2018. This is probably because venture capital firms prefer to work with growing industries or industries they’ve worked with before.

            Our Full Suite of Business Loans For Women

            At UCS, we have access to a wide variety of business credit for women in all stages of entrepreneurship.

            Bad Credit Business Loans For Female Entrepreneurs

            If you’re a woman entrepreneur trying to finance a new business and you have bad credit to boot, you might feel pretty frustrated. It might even seem like you hit a brick wall when trying to get a loan through your bank or other financial institution.

            We get it. Life happens, and sometimes keeping your money issues organized challenges busy women, especially if you’re running a business as well as a busy household.

            That’s why UCS’s network offers bad credit business loans. We work with business owners dealing with credit that might be less-than-perfect credit every day.

            The good thing about bad credit business loans for women is that you get access to credit quickly. And you can use the money for a variety of purposes.

            We have access to unsecured or secured credit, and your credit score doesn’t need to be great. Sure, you’ll pay a slightly higher rate, and you might need to set up automatic withdrawals for repayments. But you’ll be able to move on with growing your business now instead of waiting until later. Learn more about the minimum requirements for bad credit business loans for women, as well as what you need to apply today.

            Business Credit Lines For Women

            A business loan might not be the right financing choice for your business right now if you need flexibility. Instead, consider a business credit line for your business.

            A business credit line could give you the financial tool you need to meet the expenses of growing your business. Credit lines are revolving credit, with a set borrowing limit. So as you pay down your balance, you can then borrow again as long as you remain within your limit. It operates very similarly to a credit card. So you can borrow a lot or a little. And you only get charged interest on what you borrow.

            Business credit lines offered by traditional lenders often require stellar credit, collateral, and established business history. At United Capital Source, we have access to unsecured business credit lines to female-owned businesses of all sizes and with a wide range of business experience and credit scores.

            Business Term Loans To Assist Women Entrepreneurs

            Do you need a lump sum of cash right now? Do you prefer the predictability of a fixed interest rate and regular repayment amount that stays the same for the loan’s length? If so, a business term loan might be just what you need.

            Term loans get repaid over a set term ranging from 3 months to as long as 10 years. With our lender network, business term loans for women start at 5% with access to funds within 1 to 3 days. Use the funding for whatever business-related purpose you choose, but keep in mind the payment remains the same regardless of whether your business is booming or has hit a slow period.

            Equipment Financing For Women-Owned Businesses

            Do you have your eye on a new piece of equipment? Maybe it’s just what you need to get your product out faster. Or perhaps it would let you take on that more significant contract. If so, consider equipment financing for women-owned businesses.

            Equipment financing involves getting a loan to buy a piece of equipment. The equipment is collateral or security for the loan. That means that if the borrower doesn’t make payments as agreed to in the loan terms, the lender gets the equipment. Equipment financing offers fast approvals, quick access to funds, and a good solution for female entrepreneurs with poor credit.

            Merchant Cash Advance For Women

            If your business has strong daily credit card or debit card sales, a merchant cash advance could help you get the money you need now.  You get cash right away based on your future credit card sales.

            Women entrepreneurs with businesses such as coffee shops, restaurants, bookstores, specialty food shops, or seasonal businesses use merchant cash advances to help smooth cash flow.

            Yes, the rates are higher than some other forms of business credit.  And you will need to show at least three months’ worth of official sales documents. Yet a merchant cash advance for a women-owned business could be the answer if you have little collateral, a low credit score or if you’re running a newer company.

            Invoice/Receivables Factoring

            Did you know it’s possible to get an advance against your accounts receivables? With invoice or receivables factoring for women-owned businesses, your accounts receivables get treated as an asset. So you sell your accounts receivables at a discount to a third-party factoring company. And instead of waiting to get paid as you normally would with your typical accounts receivables cycle, you get the money you need right now.

            Businesses use invoice factoring for a variety of reasons. However, remember that it may be more expensive than some other business credit options such as a secured term loan or business credit line. The cost or factor rate depends on the credit strength of your customer or client list.

            Revenue-Based Business Loan

            If your business has strong revenue and needs a lump sum of cash now, consider a revenue-based business loan.

            Revenue-based business loans for women gets you to access to the cash you need today. However, unlike a traditional term business loan, your repayments get calculated as a percentage of your future monthly revenue.

            Revenue-based business loans can be used for many different purposes. You could even use one of these loans to make a purchase that will increase your future stream – a win/win!

            SBA Loans For Women

            While the SBA does not loan money directly to women, it does guarantee the loans offered by qualified lenders, including banks, financial institutions, and other national lending partners.

            With low rates, flexible payment terms, and four current programs, an SBA loan could be right for you if you need between $50K and $1M and meet the SBA loan minimum requirements.

            Working Capital Loan

            Do your current expenses keep you up at night? A working capital loan for women could help you meet your short-term expenses and keep your doors open. Use it to pay for rent or to help you meet payroll.

            Like other business credit options, you’ll get access to your funds quickly. You don’t need collateral or perfect credit. We offer secured and unsecured working capital loans for women with all kinds of businesses.

            Ready to take the next step and apply for
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              How To Apply For Women’s Small Business Loans
              Through United Capital Source

              Apply Online in a few minutes Apply Online in a few minutes Use our simple online application to submit a request for business funding. If you need any help along the way, just give us a call, chat or email.
              Talk to an expert advisor on funding options that best suit your business needs Talk to an expert advisor on funding options that best suit your business needs An expert, knowledgeable account executive will walk you through all the fine details and the requirements. This is to ensure you have all the info you need.
              Finalize the application and get the funds sent to your business bank account Finalize the application and get the funds sent to your business bank account Once your funding has been approved & closed, the lender sends the funds to your account so you can start using it to grow your business.
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