Women entrepreneurs in today’s business world

I have checked all the supposed grants lists that you have to purchase and most of the grants available to women owned business are not for start-ups. They appear to be for tools once you are already in business, like money to pay an IT person or accountant if you need it. SBA has a 10,000.00 microloan that you still have to have good credit to get for a start up but I will need about 20,000.00 total. I can try to get a tax id number but even that would be New credit which can be worse than no credit. Anyone have this as a specialty or gone through this same situation lately?

4 Responses to “Have poor personal credit and want to open a small business, any ideas on microloans or real grants for women?”

  • smily says:

    This has many lenders site try this all the best visit http://www.freewebs.com/getyourloan

  • imisidro says:

    First, the SBA Microloan Program has a maximum of $35,000 not $10,000 (though the average loan amount is $13,000) http://www.sba.gov/services/financialassistance/sbaloantopics/microloans/index.html

    While microloans offer smaller amounts, it doesn’t mean that the requirements of these microloan providers are any less tough than the bank. They also require collateral, good personal credit even the guarantee of the business owner.

    As for grants, there’s no such thing as grants for helping start a business — even for women. What women can avail of are some specific loan programs for women as well as certification programs that allow women owned businesses to compete better in the government subcontracting process. Check with the SBA Women’s Business Center http://www.onlinewbc.gov/

    From the SBA website http://www.sba.gov/mostrequesteditems/CON_FAQ2.html

    “The U.S. Small Business Administration does not offer grants to start or expand small businesses, although it does offer a wide variety of loan programs. (See http://www.sba.gov/financing for more information) While SBA does offer some grant programs, these are generally designed to expand and enhance organizations that provide small business management, technical, or financial assistance. These grants generally support non-profit organizations, intermediary lending institutions, and state and local governments.”

    You can go to the Catalog of Federal Domestic Assistance (CFDA) http://www.cfda.gov and Grants.gov http://www.grants.gov – these are two sites created by the federal government to provide transparency and information on grants. Browse through the listings and see if you can find any grant that would support a for-profit venture.

    Here is a listing of federal grants for small businesses. See if there is any available for individuals for starting a business — THERE’S NONE.

    Most of the federal grants are given to specific target groups with specific requirements (e.g. minority business owners involved in transportation related contracts emanating from DOT – Grant#20.905 Disadvantaged Business Enterprises Short Term Lending Program

    Grants are also often given to non profit groups or organizations involved in training or other similar activities (grant 59.043 Women’s Business Ownership Assistance that are given to those who will create women’s business center that will train women entrepreneurs

  • judy b says:

    try lending tree.com and good luck

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