Women Owned Small Business Loans
There are numerous businesses owned by business women, and while many of them can obtain funding easily, there are some that face problems. We provide women owned small business loanseasily and without any problems. The entire process that we have is hassle free and user friendly, and ensures that the applicant has a hassle free and easy experience with us. Banks are not very friendly toward small businesses, and as a result have very stringent qualification criteria for small businesses. As a result of this over 90% of all small business loan applications are rejected.
We provide business women with a small business loans for women and our qualification criteria and other requirements are completely different from those of the banks. Mentioned below here are the criteria that we have, and based on these criteria any small business owner can easily determine for himself or herself whether they qualify for the funding or not.
- The owner of the business should not be in any form of active bankruptcy at the time of the loan application.
- The business needs to be at least 12 months old and a running business.
- The gross income for the business needs to be at least $10 thousand or over that amount.
As is apparent here, the criteria that we have is very simple and strait forward, and looking at these any business woman will be able to determine whether she qualifies or not. In addition to this the entire procedure is also very simple and strait forward.
Loan for Women Owned Business
The processing time frames that we have for loan for women owned business are very different to those of the banks. You can literally have the funding with you in a matter of hours after applying. Typically, the quickest we are able to get the funding to a business is in 48 to 72 hours from the time we receive the completed application. On the other hand the maximum time we take is a week to ten days.
We do not require collateral and security from small business owners, as our funding is all uncollateralized and these are unsecured women owned small business loans. This is a very beneficial feature for many small business owners, reason being; many small business owners do not have the collateral that the banks require.
Also we do not require high credit scores either, as credit is not part of our qualification criteria. We often work with businesses whose credit scores are in the low to mid 500s, and we do fund them. Banks on the other hand do require high credit scores and will not accept applications whose credit scores are not over average or preferably in the 700s.
For more information related to the women owned small business loans that we provide, contact us. Our funding team will provide you with the information you require and also assist you with the filling in of the application form. Alternatively, if you would rather fill in the application form yourself online, simply click on the ‘get started’ tab and fill in your details.