As a female entrepreneur, you face obstacles your male counterparts can’t imagine. Despite women-owned businesses representing more than 40 percent of all small businesses in the U.S., men receive an average loan size of $43,000 and women receive just $38,000.
While progress has been made in recent decades, women-owned businesses often struggle to find access to capital. This essential component to launching and growing your small business remains one of the most significant barriers for women today.
As you look for business growth opportunities like hiring new employees and increasing revenue, it’s important to work with a lender as committed to your goals as you are.
Before you take the next step, be sure you have everything you need to proceed. Creating a plan of action for how you’ll use and pay back your small business loan for women before you apply will help increase your approval chances and better position your business for success.
Whether you’re looking to build inventory, cover payroll, buy equipment, or launch a new marketing campaign, there’s a funding option out there to help you accomplish your small business goals. But before you decide which type of funding is right for your business, you’ll need to have a thorough understanding of what each one is and how they work.
Your small business loan for women can be used for a variety of business-related expenses. Whether you need capital to launch your startup, purchase real estate or obtain a line of credit to maintain and grow your business, there are many different ways women-owned businesses can use small business loans.
Connect2Capital levels the playing field for female entrepreneurs by connecting them to responsible, fair, and mission-driven lending partners committed to making small business loans for women more accessible. Women-owned businesses across the United States turn to Connect2Capital when traditional funding isn’t an option.
Why? Because we believe that every business owner—regardless of current circumstances—deserves the resources, tools, and guidance to get ahead. We invite you to explore our community, resources, and programs designed to support women business owners on every step of their journey.
Your future is not only out there, it’s just around the corner. And it starts by connecting to a small business loan for women through Connect2Capital.