Business Loan Products
Choose the right way to finance your business
At HerBusinessLoans.com, we understand that one financial solution isn’t going to be optimal for every business and every business owner. We can connect you to lenders that offer various products, giving you personalized options that could help grow your business. Whether you just need cash to help purchase new equipment or need money to help launch your startup, we are here to help you do so. Let us help you connect with a lender today to find the right products to get your business up and running.
Line of Credit
Medium Term Loans
Merchant Cash Advance
Short Term Loans
How It Works
A streamlined process of finding a loan
Sign Up in Minutes
Signing up to be matched with a lender that specializes in small business loans for women is a very quick process. You have the option of signing up by entering your information online or by giving us a call whenever you are ready!
Receive responses quickly
After sending in your application, you can expect a quick response regarding your status. We know you don’t have time to wait around for an approval response – you’ve got a business to run!
Start growing your business
If you’re matched with a lender, you will be ready to receive the extra cash you need to improve your business. Don’t let a lack of current funds keep you from investing in its future.
Advantages of Business Loans
Owning your own business as a woman requires great patience, love for what you do, and a grasp on what you envision for your business’s future. Already owning your own business or having aspirations in owning your own business is a huge accomplishment in itself, but what’s next? You might now start to consider getting a business loan. There are many different reasons a strong and intelligent woman might want to get a business loan. Maybe your current business is thriving, and you need to expand to accommodate the demand. This could mean trying to expand your current location or having to find a brand new one to move into. This is fantastic, you are doing well and are moving on up. Another reason for a woman getting a business loan is that you are trying to build credit for your future. Getting a smaller loan for future plans of getting a bigger loan can help you build history and improve your credit.
There are even business loans for women with bad credit. The same notion is used here, try to get a smaller loan to help fix your credit so that you are able to have more options for loans later. Another reason for getting a business loan? You need more equipment for your business and/or you need to purchase more inventory. Both of these scenarios mean that your business is growing, and you need a little extra cash to assist with the growth. Inventory, specifically, can be very expensive, and a business loan can help alleviate the pressure of trying to find the money to purchase what you need. Sometimes you come across a great deal that you just can’t pass up. Maybe a piece of equipment you’ve been wanting has gone on sale or your manufacturer is offering a huge discount if you double your order next time. You might not have enough money to do this, but a business loan will give you that freedom to take advantage of special offers that might save you money in the long run.
Maybe you don’t even have a business yet, but you are planning on starting one. You’ve got some of the cash already, but you need a little more. Startup business loans for women are a great way to fill in that gap and begin your journey in becoming the woman with a successful business that she can be proud of. Of course there are many other reasons for a woman to get a business loans, there are only a few listed here. Get started with a business loan today!
Choosing the Right Products
Before connecting with a lender, you may want to review the types of products you can expect to receive. Look over the list and be sure to ask your lender if you have any questions regarding the products for which you are signing up.
Line of Credit
A business line of credit can be compared to a personal line of credit. It works similarly to a credit card. The lender determines the amount of capital to grant, and the borrower makes payments and pays interest only on the funds used. A business line of credit can be a good way to build your credit.
Medium Term Loans
The advantages to medium term loans is that the rates are fixed, and the borrower knows exactly how much they will be expected to pay each month. Medium term loans, however, may require collateral.
Merchant Cash Advance
With a merchant cash advance, you are fronted money by a lender and repay this amount plus the lender’s fees by allowing the lender to take a portion your credit card sales until you have repaid the entire loan. Merchant cash advances can be a good option of business loans for women with bad credit. The approval process is generally simple, and you can get access to funds quickly.
You can use equipment financing to purchase almost any kind of equipment for your business. With this type of loan, the equipment that you buy serves as the collateral for the loan. Oftentimes, you can expect fixed interest rates and term lengths associated with this type of loan.
Short Terms Loans
The loan amounts tend to be smaller with short terms loans, and they are often expected to be paid back quickly over a short period of time. They are easy to apply for and can get you access to the funds you need fast.
Start up business loans for women are usually a good idea for women who already have good credit. Credit score is important because your business is new and there is not going to be a lot of revenue history to assess.