If you’re a woman who owns a small business, your financing options are no longer limited to bank loans, SBA loans or small-business grants.
There are many choices for small-business loans for women and a host of online small-business lenders that have emerged since the financial crisis hit in 2008.
We’ve rounded up several types of small-business loans for women. We gauged lender trustworthiness, market scope and user experience, among other factors, and arranged them by categories that include your revenue and how long you’ve been in business.
Jump to our recommendations:
Women-owned businesses can also get help in the early stages through grants provided by government agencies and nonprofit organizations. Here are 10 places to look for small business grants for women.
For women who have poor credit:
Kabbage, OnDeck
OnDeck and Kabbage are two lenders that offer loans to women who have less-than-stellar personal and business finances. Kabbage, for instance, doesn’t just rely on personal credit scores; it approves lines of credits based more on accounting, banking and e-commerce data. The access to capital can be costly, though.
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Apply on Prosper’s secure site
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Note that credit cards are another choice for funding a startup. To help decide which better suits your needs, see our comparison of Prosper versus credit cards. And shop around for options using NerdWallet’s business credit cards tool.
Small-business loans for women: The bottom line
If you’re a woman entrepreneur, you won’t run out of financing options for your small business. There are plenty of choices, depending on your financial situation and needs.
Do your homework and check out your options on NerdWallet’s small-business loans comparison tool:
Compare business loansTo get more information about funding options and compare them for your small business, visit NerdWallet’s small-business loans page. For free, personalized answers to questions about financing your business, visit the Small Business section of NerdWallet’s Ask an Advisor page.
This post was updated. The post originally was published on June 23, 2015.
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