Other
Business Loan
Options for Women Seeking Business Finance
Business
loans are available
from sources other than traditional banks
Finding
funding for your business
startup or expansion can be a daunting task. Using a conventional bank
requires a high credit score. Even using a government SBA loan can
require
a high credit rating. When this is not available to you, you can still
find a business loan from other sources.
Angel
Investors: An
angel investor or angel (also known as a business angel or informal
investor)
is an affluent individual who provides capital for a business start-up,
usually in exchange for convertible debt or ownership equity. A small
but
increasing number of angel investors organize themselves into angel
groups
or angel networks to share research and pool their investment capital.
Try www.minorityangelinvestornetwork.com
Venture
Capitalist:
A venture capitalist (also known as a VC) is a person or investment
firm
that makes venture investments, and these venture capitalists are
expected
to bring managerial and technical expertise as well as capital to their
investments. A venture capital fund refers to a pooled investment
vehicle
(often an LP or LLC) that primarily invests the financial capital of
third-party
investors in enterprises that are too risky for the standard capital
markets
or bank loans. Try: www.vfinance.com
Private
Investors:
Are typically successful entrepreneurs that consist of ex CEO's and
business
owners. These investors offer expertise, experience, and contacts that
can be invaluable to the new venture. Although there are many private
investors
across the country, they can be difficult to find. try: www.businessfinance.com
Payday
Loans for Women: Sometimes business women need a quick cash
advance for their business. A payday loan also known as a cash advance
loan can provide quick cash for business use. Read about payday
loans for women here.
Business
Grants: Some foundations and organizations offer funding to
small
business startups through grants for women. To read more about this
option
try our sister site at: www.BusinessWomenGrants.org
See Small
Business Loans for Women
Repairing
Bad Credit may be necessary before applying for small
business
loans.
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