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Get The Best Small Business Loans For Women Entrepreneurs

We take pride in finding funding for female entrepreneurs who strive to empower the small business community.
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    Intro To Small Business Loans For Women

    Women-owned businesses have traditionally had a challenging time obtaining business loans. This is mainly because they tend to start their companies with fewer advantages than their male counterparts. These advantages include an excellent credit score, a high net worth, and financial support from other people.

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

    Thankfully, companies like United Capital Source level the playing field because we have access to many online lenders with different types of small business loans for women. No longer do the disadvantages mentioned above have to be a cause of preventing women entrepreneurs from getting the small business financing they need to reach their true potential.

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

    Love this place. Matt Wiemann was super helpful and hands on the entire process. Was super easy process and everyone was fast , pleasant, and professional. I would definitely recommend them to anyone. I have had 3 loans and this was the easiest one. If you want honest people who will personally walk you thru the entire process then these are the people you want to help your business grow with the proper financing.
    Robert Inigo

    Free Consultation No Obligation

    What Are Small Business Loans For Women?

    At United Capital Source, we understand the statistics: women entrepreneurs have more difficulty getting business loans than males. Small business loans for women are not a single kind of loan made specifically for women entrepreneurs. Instead, our dedication to fighting against the discriminatory policies typical in lending gives women entrepreneurs an equal chance at the best small business loans.

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

    $1K – $10M
    Starting at Prime + 2.75%
    3 months – 25 years

    How Do Small Business Loans For Women Work?

    One of this concept’s central purposes is to give women business owners access to various small business financing products. Previously, female entrepreneurs with a subpar personal credit score or lower operating capital could not access the most appropriate products for their goals. It didn’t matter how well their small businesses were doing.

    But that’s not how we do things at UCS. Instead, our network of online lenders is willing to overlook some conventional limitations to help level the playing field. For example, women entrepreneurs often start small 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 financing options geared toward women dive into the root of these issues rather than just looking at numbers. Thus, our network of online lenders assigns borrowing amounts, interest rates, and terms that female small business owners might be unable 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 financing options:

    Borrowers could potentially access loan funding 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 most significant barriers for women 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

    74% of women-owned businesses had to rely on personal savings or money from friends and family to support operations in the previous five years. Source: 2023 Small Business Credit Survey

    As of 2023, there are approximately 14 million women-owned businesses, roughly 39% of all US businesses. This is an increase of 13.6% from 2012. Source: The 2023 Impact of Women-Owned Businesses Report

    What Are The Advantages of Small Business Loans For Women?

    Small business loans for women are most advantageous for women-owned small businesses that 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 apply for their personal credit score 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’ minimum credit scores these days. Some banks have near-perfect minimum credit score requirements for their loans, hurting female entrepreneurs. Fortunately, many online lenders have a much lower minimum credit score requirement.

    Low Working Capital/No Collateral

    On average, women don’t put much of their own personal dollars into their small 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 company, 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 – financial discrimination, family care, etc. – a woman may have to spend her money elsewhere.


    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 sectors include hospitality and retail. At UCS, however, our lenders 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, not how much business training or background you might have.

    In summary, small business loans for women work best for small 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 small business loans to every hard-working business owner. Unfortunately, this is not how 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 meet these criteria, your interest rates and payments may be higher.

    In other words, though we may be able to offer higher borrowing amounts, lower interest 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.

    Get access to funds quickly
    The application process is easy
    Less than perfect credit accepted
    Use for a variety of business purposes
    Higher rates & fees with some programs
    Might require collateral
    It gets more expensive with a lower credit score
    Some loan options require one year in business

    Business Loan Product Comparison

    Merchant Cash Advances$5k – $1mStarting at 1-6% p/mo1-2 business days
    SBA Loan$50k-$5.5mStarting at Prime + 2.75%8-12 weeks
    Business Term Loan$10k to $5mStarting at 1-4% p/mo1-3 business days
    Business Line of Credit$1k to $1mStarting at 1% p/mo1-3 business days
    Receivables/Invoice Financing$10k-$10mStarting at 1% p/mo1-2 weeks
    Equipment FinancingUp to $5m per pieceStarting at 3.5% (SBA)3-10+ business days
    Revenue Based Business Loans$5K – $1mStarting at 1-6% p/mo1-2 business days

    Who Qualifies For Business Loans for Women?

    Approved businesses generally met the following criteria:

    Annual Revenue

    Credit Score

    Time in Business
    6 months+

    How To Apply For Women-Owned Business Loans:

    Our application can be completed in minutes if you have the required documentation. 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, women entrepreneurs can access various products. Since no one knows your business better than you, we recommend researching each product to decide which 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 financing option, 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 contact you to explain the repayment structure, rates, and terms of your available options. This way, you won’t have to worry about 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 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-Owned Business Loans?

    If your application is declined, it might be because we concluded 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. Credit cards and personal loans are usually easier to qualify for than business loans. At UCS, we can help you explore your options and point you toward the most sensible choices.

    Business Grants for Women: An Alternative To Borrowing Money

    Business loans aren’t the only option for 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 Women

    Are you interested in small business grants for women? Here are five resources to get you started.

    Growth Grants from the National Association for the Self-Employed
    Ambergrants for Women
    Grants for Women
    SBA Grants

    Ready to take the next step and apply for Business Loans for Women?

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    Business Loans for Women FAQs

    Does the Small Business Administration (SBA) Offer Assistance Specifically for Women?

    The Small Business Administration Office of Women’s Business Ownership offers several resources for women. However, as mentioned in the previous section, grant requirements are much steeper than business loan requirements. However, this is far from the only type of business assistance that SBA offers. 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 entrepreneurs through the SBA’s SCORE program.

    And yes, these programs are free.

    If your business is majority female-owned, make sure to get a Women-Owned Small Business (WOSB) Certification. 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 an excellent place to start.  Additionally, you’ll find online and in-person resources at

    What is the Opportunity Fund, and Who’s Eligible?

    The Opportunity Fund awards grants to organizations with 501 (c)(3) tax-exempt status, including certain government entities. The fund caters to small and mid-size arts organizations focusing on social and economic justice. With some exceptions, it also heavily caters to those who live in the Pittsburg, PA, area.

    Organizations that fit the above criteria can check out this list of FAQs on the Opportunity Fund website to see if they qualify.

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

    Yes, small business loans for bad credit are available to women with credit scores as low as 550 and sometimes lower. We can even recommend certain products that will raise your personal credit score in the quickest time frame. Payments for only some products are reported to credit bureaus. While getting a bad credit business loan from a bank or credit union would be difficult, many online lenders provide this type of financing.

    If poor credit prevents you from obtaining funding, consider credit repair services. A credit repair professional 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 statistically female-led small businesses. We’ve helped facilitate small business loans to various industries, from retail to recycling.

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

    You do not need a business plan to apply for most small business loans UCS facilitates. For most products, you don’t even need to disclose the intended purpose of the funds. However, you should never apply for a business loan without knowing 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 or too little funding.

    Why Do Women Have Unequal Access To Business Loans?

    The business financing industry’s bias against women stems from many circumstances. First is the discrepancy in working capital between female and male business owners. Women start their small 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’s. The credit score is the most critical factor for traditional business lenders when approving loans. They won’t even look at the rest of your data if you do not have excellent credit.

    Traditional business lenders also favor older, wealthier businesses. Research has shown that women tend to apply for funding earlier 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.

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

    What Are Other Ways For Women To Access Business Funding?

    Female business owners have other funding options, 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 and 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 have bad credit, 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 money issues organized is a challenge for busy women, especially if you’re running a business and a busy household.

    That’s why UCS’s network offers bad credit business loans. We work with business owners dealing with 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; 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 and what you need to apply today.

    Business Line of Credit For Women

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

    business line of credit 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 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 an established business history. At United Capital Source, we have access to unsecured business credit lines for female-owned businesses of all sizes and with a wide range of business experience.

    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 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 business 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 the lender gets the equipment if the borrower doesn’t make payments as agreed to in the loan terms. 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 small businesses such as coffee shops, restaurants, bookstores, specialty food shops, or seasonal businesses use merchant cash advances to help smooth cash flow.

    Yes, the interest rates are higher than some other forms of business credit. And you will need to show at least three months 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 you’re running a newer company.

    Invoice/Receivables Factoring For Women

    Did you know getting an advance against your accounts receivables is possible? 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.

    Small businesses use invoice factoring for a variety of reasons. However, invoice financing may be more expensive than 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 Financing For Women

    Consider revenue-based financing if your business has strong revenue and needs a lump sum of cash now.

    Revenue-based business loans for women give you 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 financing proceeds 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 SBA loans offered by qualified lenders, including banks, financial institutions, and other national lending partners.

    With low interest 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 minimum requirements for SBA Loans.

    Working Capital Loans For Women

    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.

    Applying for new business funding felt overwhelming, most of the lenders we considered didn't meet our business model and had rigid lending criteria that was a "one size fits all" concept. Thank goodness for United Capital Source and Danielle Rivelli, who is AMAZING!!!! Within seconds of entering our company details, she gave us a call, answered all of our questions, and we felt in good hands. We got the funding we needed, and it all happened within a matter of a day or two. Highly recommend.
    Jennifer Tirado

    Free Consultation No Obligation

    Why Choose United Capital Source?

    Why businesses choose UCS:

    Quick funding options that won’t affect credit
    Access to 75+ lenders with multiple products to choose from
    Financing up to $5 million in as few as 3 days
    1500+ 5 star reviews from happy clients!

    Ready to grow your business? See how much you qualify for:

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        Current monthly sales deposit average to your business bank account?

        How much Working Capital would you like for your business?

        At UCS, we understand the value of your time and want to ensure that your application has a great chance of approval. Please take note of the following details before applying:
        • To be eligible, it’s necessary to have a business bank account with a well-established U.S. bank such as Chase, Wells Fargo, Bank of America, Citibank, or other major banks. Unfortunately, online-based bank accounts like PayPal, Chime, CashApp, etc., are not permitted.
        • When describing your current average monthly sales deposits to your business bank account, please provide accurate information. Our approval process is based on your current business performance, and it’s essential to provide accurate details about your current sales in the first question on the application form. We cannot approve applications based on projected revenues after receiving funding.
        We appreciate your understanding and cooperation in ensuring a smooth and successful application process.
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