Women-Owned Businesses
Women own over 12.3 million businesses in the USA, employing over 10 million workers across the country. Businesses of all sizes in all industries can stand out from the competition and build a strong, sustainable future with up to $250,000 in funding from NextGen Capital in as little as 24 hours.
Fast, Easy Small Business Funding for Women
The number of women-owned businesses has increased by 58% since 2007. Over 1,800 new women-owned businesses are launched every day, 64% of which are founded by women of color. The outlook for women-owned businesses is bright, but just 25% of women business owners seek funding to support their companies’ growth.
Funding can be difficult for women business owners to access through traditional lenders, and successful applicants often receive less financing with higher rates than their male counterparts. With a simpler application, faster turnaround, and flexible approval requirements, NextGen Capital can fund more women-owned small businesses in as little as one business day. We offer several types of women-owned businesses, from as little as $3,000 up to $250,000. We fund all industries, including healthcare businesses, medical practices, law firms, retail stores, business services, restaurants, and more.
Base Conditions Of Financing Women Entrepreneurs
Funding Range | up to $250K |
Setup Fee | $349 minimum or 4% of funding amount |
Funding Disbursement Fee | $75 USD for US-based entities |
Term US States & Territories: | 1st Position: 3 – 15 months 2nd Position: 3 – 9 months |
Women Owned Business Funding Solutions
Our friendly, expert Funding Advisors will work with you to determine which financing option will help you achieve your goals without compromising your business’s cash flow.
Merchant Cash Advance
You get working capital when you need it. We’ll receive a percentage of your daily or weekly credit card sales until the advance is repaid.
Invoice Factoring
Sell us your pending invoices in exchange for the net amount in cash. You’ll receive the balance of the invoices’ value when we receive payment (minus our fee).
Collateral Loan
A secured loan that uses commercial real estate to reduce risk. Because the loan is secured, you may be approved for larger loan amounts with lower rates and fees.
Business Line of Credit
Borrow as much or as little as you need without the obligation of a fixed term loan. Draw and repay as you go, and only ever pay interest on the amount you've borrowed.
How To Use Business Loan For Women
There are no restrictions on how you can use alternative Business Loan for Women. Business Loan for Women are most ideal for supporting growth initiatives that will increase your business’s revenue, such as:
- Hiring staff so you can expand services and take on more business
- Purchasing new equipment or technology
- Renovating or remodeling your space to offer a more comfortable environment
- Expanding your business or acquiring another business
- Building a new website or expanding your existing online presence
- Purchasing raw materials or inventory in bulk at lower prices
- Investing in continuing education and training
- Energizing your marketing and advertising to bring in more business
Business loans for women eligibility requirements
Minimum Revenue | $10,000 / month |
Length in Business | 5 months or more (Michigan requires 1+ year TIB) |
Ownership % | Minimum of 51% Ownership |
Personal Credit | US FICO 500+ |
Business Activity | At least 2 transactions per month |
Bank Balance | Positive average bank balance |
Overdrafts & NSFs | Fewer than 25 overdrafts/NSFs in 3 months, and less than 20 negative balance days |
Entity Types | All entity types, including sole proprietorships and non-profits |
Will You Qualify For Business Loan For Women
Exact qualification requirements depend on the type of funding you are seeking. NextGen Capital doesn’t base approval solely on your credit score or financial history. Instead, we consider the overall health of your business, including:
- Business revenue
- Cash flow
- Vendor payment history
- Years in business
- Public records
- Pay for professional development courses for you and your team
How To Get A Business Loan For Women: The Application Process
FAQ about Funding for Female Entrepreneurs
Yes, an alternative loan is ideal for expanding your woman-run enterprise. Contact one of our knowledgeable Advisors to discuss an option that is right for you.
We have a very simple application process, with same day funding available. To get started, fill out our one-page application form or speak with a Funding Advisor.
To apply for a small business loan, a woman entrepreneur might need to provide several documents. Generally, this includes personal and business tax returns, profit and loss statements, a business lease, bank statements, a business license, and personal identification like a driver’s license.
Providing access to business finance for women is crucial for empowering female entrepreneurs, supporting business diversity, and promoting economic growth through women-led businesses.
