Business Loans for Women

For female entrepreneurs, trying to apply for a traditional bank loan is difficult, as the process can take weeks and applications often get denied, particularly if your business is small with little credit history or a poor credit score.

It’s no wonder then that 69% of entrepreneurs felt that no banks in the UK were widely associated with actively supporting female entrepreneurs.

However, we recognise the contributions women-led businesses make to the UK economy, and work to tackle gender bias by making it easier than ever for females to apply for finance.

As an alternative lender, our business loans for women are simple and quick, with applications usually processed within 24 hours.

We don’t require any security or personal guarantees. There are also no hard credit checks, meaning you can access the cash your business needs to grow and thrive even if you have a poor credit history or bad credit record.

With a 90% approval rate, our funding is devised not just to help your business grow and prosper, but to provide the flexibility you need to put your business first.

Our flexible business finance offers female business owners between £10,000 and £400,000 in funding.

Unlike a traditional bank loan, there are no interest rates or fixed monthly payments. Instead, repayments are taken from a small percentage of your future debit and credit card payments. This means repayments mirror the ebb and flow of your business, easing financial stress – when you have a quiet period, you simply repay less, and when business picks up, you repay more.

Ideal for businesses that take regular customer card transactions via a card machine (PDQ machine) and/or online payment system, our funding is a fast and flexible way to raise capital for your business:

• 90% approval rate
• Approval within 24 hours
• No interest rates, APRs or fixed payments
• No security such as personal guarantees or business plans required
• Bad credit or poor credit history isn’t a barrier to receive funding
• Short repayment period, with the advance typical repaid within 5 to 10 months
• Repayments are automatic and simple, as they are processed via customer transactions taken from your card machine

Qualification for our business funding is simple, as your business must:

• Be trading for a minimum of 6 months
• Have an average monthly credit and debit card turnover of at least £10,000

Contact our customer services team to see if you are eligible or have further funding questions.

Over the last decade, the number of women involved in businesses of all sizes in the UK has grown dramatically. Studies have shown that when women entrepreneurs secure investment and funding, they bring in 20 per cent more revenue with 50 per cent less money invested, and that only 23 per cent of women founders have seen a business go under in comparison to 34 per cent of male entrepreneurs.

These statistics show women businessowners tend to position themselves to better create long-term value for their businesses.

With our flexible financing, we empower women entrepreneurs to start, and continue to grow, successful businesses of all types, from local shops to growing enterprises. Using our funding solutions, you can:

● Increase your working capital, giving you more money to pay your staff, suppliers and other key parties on whom your business depends.

● Expand your business by opening new locations, making use of new sales channels and taking other steps to increase your reach.

● Market your business more effectively by purchasing advertising, hiring new sales staff and using other techniques to promote your products and services.

● Refurbish your location to make your local business more appealing and increase interest from potential customers.

● Purchase the lease on your premises so that you can focus on growing your business instead of worrying about rent.

● Invest in new inventory and equipment to expand the range of products and services your business offers and fuel long-term growth.

Our small business funding is designed to help you operate and grow your business, all without the downsides of a conventional business loan.

While a normal small business loan has advantages, it also has a long list of disadvantages that can make running your business a challenge. The biggest of these is the fact that you’ll need to repay a fixed amount of your loan every month, regardless of how much your business earns.

Our business funding is designed to scale up and down with your business, meaning you’ll only ever pay us when your customers pay you. Instead of dealing with a fixed monthly payment, you can pay back your cash advance via a small percentage of your credit and debit card sales.

This makes our funding a perfect option if your business experiences changes in demand over the course of the year, such as during a particular season. Our repayment process is handled automatically by Lloyds Bank Cardnet, meaning you won’t need to keep track of any extra bills.

Getting started is easy. Depending on the size of your business, you can borrow from £10,000 to £400,000 in unsecured financing.

In order to qualify, you’ll need to have a trading history of at least six months. You’ll also need to process at least £10,000 in credit and/or debit card sales every month. If your business is eligible, one of our dedicated funding advisors will assist you with the entire process.

After you’re approved, you’ll receive your small business funding directly via bank deposit. We’ll deduct a small, agreed-upon percentage of your monthly credit and/or debit card sales until the balance is repaid, allowing you to focus 100% of your attention on your business.

Determining the correct funding product or source of finance is vitally important if the business is to remain profitable, sustainable and in good health. Business owners should make sure they do a thorough investigation of the products available as often loans available from the mainstream lenders and high street banks, on the face of it seem like a good idea but they can turn out to be inhibitors to the success of a business.

Paying for the capital you need rather than the capital available is a far more prudent approach and working capital loans offer this alternative. A merchant cash advance that considers the businesses sales when calculating the flexible monthly repayment, could also be a preferred option to a small growing business.