BUSINESS LOANS FOR WOMEN OVERVIEW
Estimated Business Loan Term2 to 36 Months
Rates12% to 45%*
Time in Business Required2 Months
Min Credit Score Require500
Min Monthly Deposits Required2 to 7
Min Monthly Revenues$8,000
Min Business Loan Amount$10,000
Max Business Loan Amount$1,000,000
Max Number of Negative Days4 Within a Month
*rates depend on duration of funding

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What are Small Business Loans for Women?


Shield Funding offers small business loans for women that currently own and operate their own business. Our small business loan amounts range from just a few thousand dollars all the way up to one million dollars, and we do not require collateral. Our premier and premier plus funding programs are for women with satisfactory credit, and our starter and standard programs are small business loans for women with bad credit. Below you will find the important details about our funding programs.

You will be working directly with us so you do not have to worry about dozens of lenders inundating you on a daily basis once you submit an online form. What is even better is that we can process your application, get an approval, and you can receive the funds in your bank account in as fast as 1 to 2 days. There are also no restrictions on how you utilize the business funding.

small business loans for women


What Do I Need to Qualify?

Below is a list of the general requirements needed to get approved. Although in some cases there are many additional factors that may be considered, meeting these three requirements gives you a very high chance of having your application approved.

  • At Least 2 Months in Business
  • 500+ Min. Credit Score
  • $8,000 Min. Monthly Revenue

How Do I Apply?

Applying has never been easier. You can either call our toll free number 24 hours 7 days a week at (888) 882-6117
or
Submit your online application by clicking apply below and entering a few basic details about your business.


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What Will a Business Loan for Women Cost You?


The cost of our small business loans for women depends on the factor rate and length of time you receive the loan. An example of a typical loan package would be to receive $50,000 for 12 months at a factor rate of 1.25. That would make the additional cost above the loan amount $12,500, so your total pay back amount would be $62,500. Your payment amounts would vary depending on whether you have daily or weekly payments. Use the calculator below to give you an example of total cost scenarios for borrowing and the payments you can expect to make on a daily or weekly basis.



Small Business Loan for Women Calculator

  • Daily
  • Weekly
  • Monthly
Outputs
LOAN AMOUNT
FACTOR RATE (written as a % to keep things simple)
NUMBER OF MONTHS
Total Repayment
Payment
$156,000
Cost of Loan
$4,444.44
Total Repayment
$4,444.44

How Much Do I Qualify For?

Small business loan approval amounts depend on monthly revenues and deposits. The typical approval amount can range between 60% to 80% of monthly deposits, but in some situations funding can go as high as 100% or more. As an example, if your business has monthly gross deposits of $100,000 your likely approval amount would range between $60,000 and $80,000, and could actually go as high as $100,000 or more depending on the type of industry.


Common Factors That Impact Your Loan Application

Although credit history is an important tool in determining approvals, for many reasons it is no longer the only tool used to determine an applicant’s eligibility. Also considered is time in business, positive and negative banking data, cash flow, and several other important business factors. In an effort to underscore the importance of all the aspects of your business consider that one borrower with bad credit and a 500 FICO score but has healthy business bank statements can get better terms and a larger approval than a borrower with a 600 FICO with weaker bank statements, ie. negative balance days or NSF’s, lower balances, less deposits etc.


How Does Paying Back The Small Business Loan Work?


Once the funding is deposited you can expect a daily or weekly debit in your business bank account of an agreed upon amount over the course of the payback period. Our daily program would be calculated based on a 5 day business week schedule not including holidays. If your business qualifies for a weekly program then you can expect a one time weekly debit for an agreed upon amount over the course of the payback period.

What Documents are Needed to Apply?


Documents Required for Less Than $100,000

  • Drivers License
  • Bank Statements
  • Proof of Ownership
  • Property Lease Agreement
  • Business Licenses
  • Voided Check

Additional Documents for Loans More Than $100,000

  • Personal Tax Returns
  • Business Tax Returns
  • Profit & Loss Statement
  • Balance Sheet
  • Business Debt Schedule (possible)
  • Potential for Others

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See What You Qualify For

Are Small Business Loans for Women Right For You?


Our small business loans for women are a good option if you need immediate financing for your existing business but cannot obtain traditional business loans. It is also a great loan solution for female business owners with bad credit because it only requires a minimum FICO score of 500. However, with this loan option you have to be willing to pay a premium, therefore, the additional revenue you expect when adding capital to your operating budget should factor in the higher cost for the loan for it to make sense.




Advantages vs. Disadvantages


Advantages

  • Great Funding Source for Women
  • Only 2 Months in Business Required
  • Less Documentation Than Bank Loans
  • Bad Credit Business Loans
  • Funding as Fast as Same Day

Disadvantages

  • More Expensive Than Traditional Loans
  • Business Owner Personal Guarantee
  • Shorter Term Payback Periods
  • Minimum Bank Deposits
  • Incoming Revenue Required


Common Uses for Business Loans for Women


Unsecured financing allows business owners to invest in their business without the additional risk associated with many other funding options. Below you will find some of the ways small business owners utilize the additional capital.


Manage Existing Debt

There are many small businesses owned by women that never seem to get off the ground simply because of the additional capital required after launching the business. It is commonplace to utilize the initial seed funding and find that the operating budget requires capital just to keep the doors open. The longer a business is operating the more likely there will be a growing custom base as well as the available business credit. A quick injection by means of a small business loan is a great way to manage the debt burden associated with the earlier stages of growing a company.

Marketing Strategies

Women owned businesses are on the rise as female entrepreneurs continue to demonstrate their business acumen. In order for these companies to grow there has to be a budget allotted for marketing. This additional capital is often difficult to acquire with the current banking environment and credit requirements. Fortunately Shield Funding has been securing financing for women owned businesses for more than a decade so if you are looking to launch a marketing campaign for your existing business and need the capital immediately then this small business loan is a great option.

Rent & Lease Expenses

Real estate prices continue to rise throughout the country. Many existing businesses are feeling the pressure as surging rents are outpacing company growth. This type of unexpected expense can put unnecessary strain on a business especially during the growth stages. It is very common to apply for a loan to help cover rent expenses while your company is growing.

Emerging Technologies

Sometimes a new technology comes out and being able to take advantage of that type of scenario can be the difference between success and failure. A good example of this is the artificial intelligence. Many cutting edge companies are experiencing phenomenal success by implementing AI systems. Small business loans can put your company in the position to take advantage of new and exciting technologies.



Small Business Loans for Women FAQ’s


  • How long before I receive funding?

    Although we have funded business owners on the same day it usually takes 2 days or more depending how responsive the client is with the documents required.

  • What if I have really bad credit?

    We have helped women business owners receive small business loans with poor credit. Getting approved really depends on many factors related to the health of the applying business.

  • Are there restrictions on how I use the small business loan?

    There are no restrictions on how you utilize your small business loan.

  • Does better credit mean better rates and terms?
    Yes. You may be eligible for better rates and terms by having a better credit profile as there are a variety of funding types. For this reason we always encourage customers to improve their credit history where they can before applying if they want the best possible terms. Please keep in mind that there are many other factors that go into approval decisions so there are additional ways to improve rate and term possibilities.




Small Business Loans for Women Review

  • No Collateral Required
  • Bad Credit Accepted
  • Flexible Payment Options
  • Quick Funding Turnaround
  • Meet Unexpected Debt Requirements
  • Great for Growing Businesses