How to Get a Small Business Loan for Women Owned Businesses


Minyang Jiang

There are approximately 7.8 million women-owned businesses in the U.S., composing roughly 28.7 percent of all non-agricultural companies. While there is still a gap between male and female entrepreneurialism, women have been working tirelessly to close that gap, experiencing a 20.1 percent increase in business ownership between 2002 and 2007. For businesswomen seeking to grow their company, loans provide a crucial funding option to invest in all aspects of business. There are several loan options that cater specifically to female entrepreneurs, enabling women to access the capital they need to dominate the working world.

U.S. Small Business Administration (SBA)

The SBA provides education, career counseling, resources, and financing to female entrepreneurs looking to start or expand their small business. They have over 100 education centers nationwide that are dedicated to the education and empowerment of female business owners. They provide business loans, disaster loans, equipment loans, and real estate loans to assist women in all aspects of business growth. Loan repayment terms are negotiated with the borrower and depend on your ability to repay and the type of loan you apply for. They offer long-term loans between 5 and 7 years for small business loans, up to 10 years for equipment loans, and up to 25 years for real estate loans. In order to qualify, your business must be for-profit, earn less than $7.5 million annually, and employ fewer than 500 people.

WomenOwned Grants

WomenOwned is a grant database that enables female entrepreneurs to search thousands of grant and loan options that cater specifically to small, women-owned businesses. In addition to business grants, they provide financing for education, research, technology, and arts and literature. Since 1997, they have provided financing to over 3.5 million female entrepreneurs worldwide.


For women who struggle with poor credit or lack the collateral needed to obtain a commercial bank loan, microloans provide accessible financing options for entrepreneurs. Microloans are issued for smaller amounts of $35,000 or less. They offer low interest rates, which make them ideal for small businesses. Microloans are generally provided through non-profit organizations or small startup agencies and are geared toward strengthening the U.S. economy and empowering entrepreneurs by providing a more attainable alternative to commercial lending.

Count Me In- Make Mine a Million

Make Mine a Million is a program run by Count Me In that caters to small, women-owned businesses that earn less than $1 million in revenue annually. They provide career coaching, education, and financing to help small businesses grow and flourish within the economy.

Roughly 543,000 small businesses are launched every year. Yet, only half manage to remain open for five years or longer. The primary cause of business closure is lack of funding, which inhibits the company’s ability to invest in marketing, inventory, and staff.

With a small business loan for women, female entrepreneurs can significantly increase their chances of experiencing long-term financial success and business growth. There are a variety of loan and grant options that are dedicated to strengthening the role of women in the workforce and empowering female entrepreneurs. For more information about modern business funding solutions, contact Credibly.