Small Business Loans for Women (2024)

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Grant and Loans for Women-Owned Small Businesses

One of the cornerstones of a healthy community is a vibrant and diverse small business sector. The federal and state governments offer a variety of programs and support for women owned small businesses.

Use these resources to help to start of expand your business

Learn More about SBA Women's Business Centerssee here

Women's Business Centers (WBCs) stand for a nationwide network of nearly 100 instructional centers throughout the United States and its territories, which are created to help women in beginning and growing small companies. WBCs seek to "level the playing field" for women entrepreneurs, who still face unique obstacles in business world.

SBA's Office of Women's Business Ownership (OWBO) oversees the WBC network, which provides entrepreneurs (specifically women who are economically or socially disadvantaged) comprehensive training and counseling on a range of topics in numerous languages.

Find a WBC Near You

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Many of the SBA programs offering Small Business Grants, Loan Programs and Counseling Programs for women are offered through universities and centers.

Small Business Administration HUBZone Program

The Historically Underutilized Business Zones Empowerment Contracting Program provides federal contracting assistance to eligible small businesses located in underutilized business zones to improve their employment opportunities, investments, and their area's economic development.

SBA Low-Interest Disaster Loans

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Disaster loans can be utilized for the repair and rebuilding of non-farm, private sector disaster losses, and are available to all types of business, instead of being restricted to small businesses alone.

HUBZone Certification Program Webinar

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This video explains the basics of the HUBZone certification program for small business federal contractors.

HUBZone certification allows certain small businesses to compete for set-aside contracts aimed at spurring investment in low median income or high unemployment areas.

SBA 8(a) Business Development Program Webinar

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This video explains how the SBA's 8(a) Program works, its eligibility requirements, technical assistance available to small disadvantaged businesses through the program and common myths about the program.

Local Assistance from the Small Business Administration

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The Small Business Administration has many local offices and resource partners that counsel, mentor and train small business owners and entrepreneurs.

These nearby offices and online assistance can help your business start up, succeed and grow. This short video provides a good introduction to services near you.

Small Business Administration Resources for Veterans

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The Small Business Administration offers various resources for veterans interested in starting, financing or growing their businesses.

Supporting Black-Owned Business

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We've read stats showing that Blacks have a buying power of $1.2 Trillion dollars and that Black women are starting businesses at a faster rate than any other group, but is this enough to change the economic inequalities that plague Black neighborhoods?

SCORE Services to Small Business - An Introduction

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In an excerpt from a 2010 interview the SCORE CEO discusses its counseling and workshops offerings to small businesses.

The Creative Role That One CDFI Plays in Impact Investing

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Antony Bugg-Levine, CEO of the Community Development Financial Institution Nonprofit Finance Fund, manages $80 million of impact investments. He is also the author of Impact Investing: Transforming How We Make Money While Making a Difference.

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Featured Government Grant Resources

Small Business Administration's Loan Guarantees Program

The Small Business Administration has established the Loan Guarantees Program wherein they aim to be able to provide guaranteed loans to small business establishments which are not capable of acquiring financing from a private credit marketplace but greatly manifests the ability to repay funds in a timely manner.

Small Business Administration's Recovery Capital Loans

The Recovery Capital Loans Program provides financial assistance to small business with less than 500 employees to obtain a deferred payment loan from the agency, in order to meet existing debt payments, thereby giving the business the opportunity to refocus their business strategy.

More Small Business Resources


A Place for Grace, founded by Robin Nash and Mary Vivo, is a social enterprise boutique that will open in Midtown Fort Collins.

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Small Business Loans for Women (2024)

FAQs

Is the Amber Grants for women legit? ›

Yes!! We've been offering business resources and grants to women in all 50 states (and Canada) since 1998. We have three different $10,000 Amber Grant winners EVERY month... Plus at the end of the year, each Amber Grant winner for that year is eligible for an additional $25,000 grant!

What is the rejection rate for small business loans? ›

If you applied for a business loan but were denied, you're not alone. According to the 2024 Report on Employer Firms, 22 percent of employer firms were denied business loans in the past 12 months. Another 28 percent were only partially approved.

How hard is it to get a small business loan as a woman? ›

Although women own 38% of all businesses in the U.S., according to the Women's Business Enterprise National Council, they often face obstacles when obtaining financing. In 2022, 25% of women-owned businesses were rejected for a loan, compared to 19% of male-owned businesses.

Is getting a SBA loan easy? ›

In general, SBA loans are not as difficult to get as business bank loans. Because they're backed by the U.S. government, they're less risky for banks than issuing their own loans.

Is the WomensNet grant real? ›

Yes! Our monthly $10,000 Start-Up Grant was designed for women just like you. We give this grant to pre-revenue businesses as well as businesses that have earned less than $10,000 in revenue.

Is GrantsforWomen.org legit? ›

Grantsforwomen.org is a great resource if you're looking for comprehensive grant resources as it is a database of opportunities across all industries for women. The benefits received vary with each opportunity presented so you will need to review their website to follow the instructions to apply.

What disqualifies you from a small business loan? ›

Reasons you may be disqualified from a small business loan include a low credit score, poor cash flow, no collateral, significant debt, a bad business plan or having a business in a risky industry.

Can I get a business loan with my EIN number? ›

You can apply for a business loan with your EIN if you're a new business owner without established credit. However, you may also need to include your SSN and details about your personal finances because you'll likely have to provide a personal guarantee.

Can I get a business loan with a 550 credit score? ›

Many lenders require a minimum credit score of 500, at least six months in business, and more than $30,000 in annual revenue.

What is a normal amount for a small business loan? ›

Small business loan amounts by loan type
LenderAverage small business loan amount
Bank loans (small regional bank)$146,000*
SBA 7(a) loans$479,685
Online loans$5,000 to $500,000
Short-term loans$5,000 to $750,000
6 more rows
5 days ago

Do small business loans check personal credit? ›

Your credit history—both personal and business—is only one factor lenders use to evaluate your application, not the be-all and end-all of the financing process. However, credit history is an important factor, and it can have a variety of effects on your ability to acquire the financing you need.

How do I know if a grant is legitimate? ›

Here are five ways to spot a grant scam:
  1. Did you apply for a grant? ...
  2. Is a fee involved? ...
  3. Is the grant for business or personal use? ...
  4. What agency does the issuer represent? ...
  5. Were you asked for either your personal or your company's ID or your bank account information?

What type of grant does not have to be paid back? ›

The California Student Aid Commission (CSAC) administers the Cal Grant program, a California-specific financial aid award that helps pay for college tuition and fees. Cal Grants do not need to be paid back.

What is the $10 000 grant for small business in Wisconsin? ›

Share This Story: Businesses and nonprofits considering moving into a vacant Wisconsin commercial space may be eligible for a $10,000 Wisconsin Tomorrow – Main Street Bounceback Grant through a newly created program.

Is the Galaxy of Stars grant legit? ›

Sponsored by Hidden Star, a nonprofit that offers startup assistance to low-income entrepreneurs, Galaxy Grants provide $2,750 awards to women- and minority-owned businesses. You'll receive a matching award if you refer a friend and they win a grant.

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