Funding for Women's Business
As women advance into entrepreneurship in unprecedented numbers, they have greater access to capital than ever before. Both the private and public sectors have responded with expanded loan programs specifically targeted for women business owners. More women are also beginning to receive equity funding for their businesses from corporate investors and venture capital firms. So, whether you're a start-up or an established business there's a choice of funding opportunities available.
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Women's Business Centers
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The U.S. Small Business Administration (SBA) has a network of Women's Business Centers (WBCs) throughout the U.S. WBCs offer women entrepreneurs management and technical assistance, plus, many offer business loans in the amount of $500 - $50,000. The amount that's available to loan, as well as the stage your business needs to be at to qualify varies at each WBC. Visit the SBA's website to find a WBC near you to learn about their loan program.
U.S. Government Funding Sources
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At Business.gov you will find information on government programs that help women entrepreneurs start, grow and expand their businesses. The website lists funding programs that are specifically targeted for women business owners. To learn about these loan programs log on to the Business.gov website.
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Access to Funding Through Business Non-Profits
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There are a few non-profit organizations that provide access to equity funding for women business owners. One that stands out is Springboard Enterprises. "According to Springboard's website, through a series of programs and initiatives, Springboard provides access to emerging-growth businesses led by women seeking financial partners. They have showcased 407 women-led businesses at 19 venture forums. Their companies have raised more than $5 billion in equity capital, grants, and strategic investments.
Log on to Springboard Enterprises website to learn about their programs and events and how to showcase your business.
Angel Funding
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Angel investors are high net worth individuals who make equity investments in startup and early-stage companies. Many angels are veteran entrepreneurs themselves while others have significant business experience. In addition to investing money in your business, some angels also provide entrepreneurial teams who will lend business support. There are a few angel investors who seek companies led by women entrepreneurs. Golden Seeds is one of those companies. They provide funding to early stage and growing companies. This angel investment firm has more than 100 investors. They have locations in New York, Boston, Philadelphia, and San Francisco. Visit Golden Seeds website to get an overview of how to qualify for an investment opportunity.
Business Competition Funding
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Make Mine a Million $ Business Award is a popular competition among women business owners that includes a comprehensive package of business support and funding for your business. The package is designed to help you build your business to $1 million in revenue and beyond. The competition takes place throughout the U.S. Log on to the Make Mine a Million $ Business Award website to learn about the next competition.
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- Photo Credit money image by Petr Gnuskin from Fotolia.com
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Great info
