High street banks don’t have to be the first and last port of call for finding business finance. Small business loans for women are now common within the alternative business funding marketplace.
Where to find small business loans for women
As with the rise of female business owners and their profiled success it would seem that there has never been a better time to invest in female entrepreneurship. The alternative finance market has many products which offer a great alternative non-bank finance option. A business cash advance is especially worthy to investigate for those businesses who take credit and debit card sales from their customers.
The product is unique in that the product is unsecured (no personal or business assets required as security), has no hidden fees, no APR, no extra charges for late or early repayment and is flexible with your cashflow. This means you only pay back in line with your sales – no fixed monthly amounts which puts some businesses under financial pressure.
Why small business loans for women are on the increase
Over the last decade there has been a steady incline in female entrepreneurs. Global Entrepreneurship Monitor (GEM) found over 126 million women starting or running a business, and 99 million operating established businesses.
According to a BNP Paribas Global Entrepreneur Report it would seem that female business owners are not only matching their male counterparts but out-performing them.
“Female business owners are more ambitious and have been more successful than their male counterparts,” Sofia Merlo, co-CEO of BNP Paribas Wealth Management.
Our business loans which we call merchant cash advance loans are great for female business owners and male business owners alike. In fact they are perfect for anyone in business who takes card payments. from their customers. Contact us via our apply now form for a tailored quote for your business.