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As a small business owner and a woman, you have much to offer your community, economy, and country. Unfortunately, many female entrepreneurs face the challenge of accessing sufficient capital to grow their businesses. The Small Business Administration (SBA) offers several options specifically for women-run companies.
SBA loans for women-owned businesses provide opportunities to receive financing for business expenses at low interest rates and extended repayment terms.
At Business Funding Group LLC (BFG), we are professional loan packagers ideally positioned to advise small businesses on the loan programs and advantages available to them. We help women-owned businesses from the initial consultation through to the loan closing.
SBA loans help businesses grow by making it easier to invest in large purchases or cover the upfront costs of expansion. Traditional bank loans may be out of reach due to high interest rates or short repayment periods, which could result in unmanageable monthly payments.
The amount and use of the funds you would like to borrow would determine your chosen loan program. As a female business owner, you could utilize funds from an SBA 504 loan to purchase real estate or necessary equipment. Financing is accessible with low, fixed interest rates and a small down payment requirement. You could be granted a repayment term of up to 30 years for real estate purchases, making it possible to afford the monthly payment.
The SBA 7(a) loan program helps small businesses grow with the versatility of allowable spending.
Women-owned companies could use 7(a) financing to cover:
Such loans come with low interest rates and extended repayment terms.
At BFG, we know how valuable women entrepreneurs are to the small business world. As a small business owner, you may face various challenges with a traditional bank securing financing for your business goals, which is why SBA loans for women-owned businesses are a great option.
No matter how large of a loan you are seeking or for what business expense you need the money, we are here to help you with the application. If you are a woman and a small business owner, consider how an SBA loan could help your business flourish.
(917) 593-5013