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 length of the loan? 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 can be 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.
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 you need 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.