Small Business Loans for Women with Bad Credit
Posted on Wed, Oct 12, 2011 @ 09:29 AM
Where are the Business Loans for Women?
There appear to be plenty of resources out there to assist women in finding the financing they need for their small business. A little research on the internet and you’ll probably stumble across the Office of Women's Business Ownership on the SBA website or even the Women’s Funding Network. Both nice resources, but where’s the money? They provide information on the benefits of lending to women business owners or a “how to” on navigating the long road to a grant for women small business owners. However, there is little of concrete for current women business owners who need capital fast to grow or sustain their business.
The reality for women business owners with less than perfect credit becomes even more of a dead end with these channels. Grants and SBA backed business loans are all but impossible for women who currently have bad credit. The fact is, there are very few lenders out there who are willing to lend to small businesses without a pristine credit report and some kind of collateral to back the loan.
Financing for Women with Bad Credit
Fortunately, there are still organizations like Principis Capital who’s mission it to fund small businesses, even with poor credit. We look predominately at the feasibility of your business going forward, not your past credit history or collateral. To learn more about obtaining financing for your business, look us up at www.principiscapital.com.