Finimpact

Frequently Asked Questions (FAQ)

What are the approximate loan amounts for business loans for women?
Small business loans can range from $10,000 to $5 million. Alternative lender small business loans range from $5,000 to $200,000.
Should I apply for a loan program dedicated to women or a regular business loan?
According to the Federal Reserve, women-owned businesses are less likely to be approved for a small-business loan than those owned by men. By applying to loan programs dedicated to women, you increase your chances of getting approved.
Are there small business loans for women with bad credit?
The short answer is yes. Women business owners with bad credit can get approved for loans, often through online lenders. However, interest rates will be high.
Are business loans for women difficult to get?
According to studies, women who seek financing 32% receive approvals, compared to 35% of men. Applying to loans that are specially designed for female entrepreneurs makes it easier for women-owned businesses to get funds.

About the Authors

Amalia Santa Maria

Written by: Amalia Santa Maria

Personal Finance Content Writer and Editor

Copywriter and content creator writing technical articles on finance that allow an average person to easily understand and connect with financial concepts.

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Kal Salem

Reviewed by: Kal Salem

CPA, PMP and Finance Consultant

A CPA and finance professional working with small businesses to educate owners and grow alongside their businesses. He holds a Masters in Accounting and a BS in Supply Chain Management. Owner at Salem CPA Services LLC.

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Somer G. Anderson, Ph.D.

Fact checked by: Somer G. Anderson Ph.D., CPA

Accounting and Finance Professor

Somer G. Anderson has been working in the Accounting and Finance industries for over 20 years as a financial statement auditor, a finance manager in a large healthcare organization, and a Finance and Accounting professor at Maryville University.

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