|
You are a women entrepreneur and like any other business, you feel the need of a financial assistance so that your business can grow and thrive. There are various financial institution that have specifically designed funding program for women. The success of you winning a loan depends on how you go about applying for it and where. Nearly 104 million businesses are majority owned by women. They provide 12 million jobs and generate more than a trillion dollars in sales. This discussion provides guidance for women in how to get off to the right start in building, financing and growing their small businesses. Women entrepreneurs consist of an integral part of our economy and denying them of the funding opportunities in times of need would be sheer injustice. There are approximately 104 million women owned businesses in the country. These have generated more than 12 million job opportunities and trillion dollars in sale proceeds. When I say women owned I mean at least 51 % of the business controlled by one or more women. So the business must actually be running by women. Women's contribution to an industry where they have always been under represented, in recent years is commendable. Like Every business owner women entrepreneurs too have their share of thick and thin. They have their financial ups and downs and look for financial assistance to sustain their businesses. Various agencies along with the federal government's Small business administration, have funding programs specifically designed for women entrepreneurs. You as a women entrepreneur must be well prepared before applying for these loans. The first step towards applying for a business loan should be to create a road map that would take you where you wish to go. Right from the making of the business proposal to the utilisation of funds sanctioned should all be clear. A solid business plan with realistic projections is more likely to win you that sanction. With numerous sources of financial assistance it is you who chooses the best funding deal. A thorough research should be done before finalising the funding authority. Some of the programs for women business loan programs are as follows: Minority Business Development Agencies are a good option for these loans. Backed by the federal government’s U.S. department of commerce, these agencies undertake counselling of women entrepreneurs on their financial requirements and make suggestions on what businesses to choose, other sources of financial assistance etc. Small Business Administration (SBA) stands for promoting and developing small business in America and creates opportunities especially for women and minority entrepreneurs. These are one of the best sources of small business loans for women. Environmental Protection Agency Grants (EPA) are another source for these women loans. With a recent government directive, to include more women & minority suppliers and contractors, these agencies have allocated small business loan quotas for women and minority owned businesses in the Construction, services, equipment, supplies sector etc. The women and minority grants program is monitored by the office of small disadvantaged business utilization. These sources would certainly help you to get off to the right start in building, financing and growing your small businesses. But, to get financial assistance from them would completely depend on how you develop your business plan and justify the need for these loans. About the Writer Raj Tulshan is a seasoned expert on financial matters. He has consulted and written extensively on matters relating to business loans alternative financing options. Writing comes naturally to him and he has helped a large number of people educating them on issues related to commercial loans, banking and finance.
Visit more business loans for women:- http://www.biz2credit.com/get-a-loan/business-loans-for-women.html
Article Source - http://goarticles.com/article/Small-Business-Loans-for-Women-Entrepreneurs/7342107/
Related Articles -
business loans for women, loans for women, small business loans, business loans,
| 
