Are there loans for women-owned businesses?
The federal government does not offer any guaranteed loans specifically for women. However, through the Women and Minorities Pre-Qualification Loan Program, the SBA pre-qualifies women and minority business owners in certain regions of the U.S. for loans of up to $250,000 before they even apply to a lender. The program focuses on the character, credit, experience and reliability of an applicant, not just their collateral.For more information on resources available for women entrepreneurs, see the SBA’s Office of Women’s Business Ownership website.
