Business loans are the perfect way for any woman to start up or improve their very own business. In a competitive male-dominated market, women need an equal chance at establishing their very own thriving business. By getting a business loan, women can acquire the resources they need to start up their business and keep it running. The right loan, with time and the right terms will help get your business off the ground and working for you. Before you know it, you’ll be able to pay off your loan and start making a steady profit. Whether from a bank or other private lender, you’ll have a ton of options to choose from when selecting a lender. By selecting a lender with competitive rates, you’ll be off to a good start. Read on to learn about the top 3 business loans for women.
Top 3 Business Loans for Women
- Lavan Financial Group
- Kabbage
- Wells Fargo
Lavan Financial Group
The Lavan Financial Group offers several Small Business Loans for women. They have multiple loan programs to choose from including a 504 Loan Program and a SBA 7(a) Financing that provides long-term, permanent financing. Women will also have access to financing for equipment. Applying online is easy and secure and comes with a 24-hour response time. Lavan will even assist women through the application process and a pre-qualification process that can be finished in 48 hours.
Highlights
- Offers permanent, long-term financing
- 24-hour approval response
- 48-hour pre-qualification process
Kabbage
Kabbage prides itself in creating women entrepreneurs by providing business loans for women. At Kabbage, women can get a small business loan quickly and easily. In just minutes, you can qualify for up to $100,000. Intended for established businesses, Kabbage will look at your business’s revenue data to determine your qualifications. Business loans can be used to increase office space, invest in new technology or employee training and so much more.
Highlights
- Intended for established businesses
- Qualify in just minutes
- Qualify for up to $100,000
Wells Fargo
Wells Fargo has long been a supporter of women business owners. As the number one small business lender in America, Wells Fargo will help you succeed in helping your business grow, so that your business can realize its full potential and achieve financial success. Applying is easy and can be done online or in person. Wells Fargo offers loans of $10,000 to $100,000 at terms of 2 to 5 years. Fixed rates start at 6.25% and no collateral is required.
Highlights
- Rates start at 6.25%
- 2 to 5 year terms
- No collateral required
Conclusion
Starting a business is never easy for anyone, but it can be especially difficult for women to even get their foot in the door. Fortunately, there are many places willing to give women a chance at owning their own business while looking out for their success.