Where to Find the Best Small Business Loans for Women

There has never been a better time to be a woman in business – and research is backing that up. According to a study conducted by Dow Jones, venture-backed companies with women in the C-suites are more likely to succeed than companies with all-male leadership.

85After studies like this, it’s easy to see why more and more investors are looking to throw their financial resources behind female business leaders. In fact, there’s been a veritable explosion of business funding resources for women as of late. We thought we would round up a selection of the best small business loans for women:

JENNIFER DUNNwww.fundera.com

 

1. Astia – Astia’s mission is to increase recognition of and investment in women-owned ventures by connecting eligible businesses with interested investors. You can apply to have Astia screen your company for possible eligibility.

2. Elizabeth Street Capital –Designer Tory Burch partnered with Bank of America to provide women entrepreneurs with not just funding, but mentorship and support. Loans range from $500 to $50,000 and you can apply for funding here.

3. Eileen Fisher Women Owned Business Grant Program – This program seeks to fund 100% women-owned businesses that are dedicated to social-consciousness, sustainability and innovation, with a minimum grant of $12,500. Applications open in the spring.

4. Golden Seeds – This angel investment organization is an early-state investment firm with an emphasis on women leaders. Find out more about their 3 funds and the $70 million they have loaned to startup businesses since 2005.

5. Wisconsin Women’s Business Initiative – Wisconsin women business owners are eligible for a loan of up to $100,000 from this organization. Find out more about how to apply at their website.

6. Women’s Capital Connection – This organization connects female entrepreneurs with high-net worth angel investors.  Is angel investing right for your business? Apply here.

7. Women’s Venture Fund – Are you in the New York/New Jersey area? The Women’s Venture Fund wants to help you with everything from small loans to education and resources. Find out more or sign up for a workshop here.

8. WomensNet.Net – This organization gives $500 grants to entrepreneurial woman with a small or home-based business. Tell your story to apply for an Amber Grant here.

9. 37 Angels – This is a community of female angel investors looking to fund promising startups. Apply to pitch for loans between $50 and $200k at their website.

Honorable Mention

Small Business Loans for WomenSmall Business Association’s Woman-Owned Business Program – While not exactly a loan program, the SBA’s Woman-Owned Business Program gives businesses at least 51% owned and controlled by women resources and, at times, access to grants, funding and even federal contracts for woman-owned businesses in 83 industries where women are underrepresented.  It’s worth it for a serious entrepreneurial woman to have a look at this federal program. Contact your local SBA office for info.

There’s no better time in history to be a successful, entrepreneurial woman. We hope this list of resources points you in the direction of the best small business loans for women, and ultimately, business success.

 

Jennifer Dunn
Contributor at Fundera
Jennifer Dunn is a small business contributor for Fundera and owner of Social Street Media. She is also the community manager at GoDaddy Online Bookkeeping, and her long-standing life goal is to learn something new every day.