Where Can You Go to Get
Business Loans for Women?
When grants don’t work out for some reason, it’s logical to consider getting a loan. There are three main public lending sources you can apply to for a business loan: peer-to-peer lending, bank loans, and credit cards.
Peer-to-Peer Lending
Peer-to-peer lending is a great loan source you may have never heard of. Normal everyday people are matched up through websites, lenders with borrowers, to construct loans that cut out the middlemen like banks.
So the lender gets a better return, and the borrower gets lower rates, and everybody wins. We women love it, because it’s people coming together to help out other people and make a decent return on their money for doing so.
Prosper.com (Right now they are in a quiet period due to their application with the SEC, so no new borrowers or lenders are permitted).
Friends and Family
Friends and family can be your biggest fans — and most helpful lenders. To help safeguard your relationship, you might want to check out this unique solution to facilitate social lending:
Bank Loans
Small business loans are usually issued by banks. People commonly think that the Small Business Administration makes business loans, but it doesn’t. The SBA just helps you to get the loan.
Here are some bank sources you can check out for small business loans:
We’re re-evaluating the bank loan offers and will put up the info later.
Credit Cards
Yes, credit cards. In fact, credit cards are the most common source of business start up funds because they are the easiest If at all possible, you want to get cards with 0% interest, or with really good benefits like air miles.
Here are some good cards to consider:
