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Loan Types
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See funding solutions from 75+ nationwide lenders with a single application.
Apply for financing, track your business cashflow, and more with a single lendio account.
Applying is free and won’t impact your credit.
The gender gap in business funding is real. Women-owned businesses are less likely to receive business credit. When they do, their average loan size is 33% smaller than that of men-owned businesses. At Lendio, we’re dedicated to closing this gap and providing equal access to business financing for women business owners, with an online application that connects you to a marketplace of lenders.
Since partnering with Kiva in 2016, Lendio has focused on helping the underdog. Lendio currently sits at 68,071 total loans funded all-time, representing $1,787,795 in total funding. We are proud to report that 94% of our loans through Kiva are to women-owned businesses.
Apply in just 15 minutes and get funded in as little as 24 hours
Compare loan offers from our network of 75+ lenders.
Get personalized support throughout the funding process.
Answer just a few questions about your business to see which lending products you qualify for. We’ve partnered with over 75 lenders, allowing us to find the best option or your business.
One of our funding specialists will reach out to you to get to know your business better. Since every business is unique, we want to make sure we find the loan type that’s perfect for your needs.
Compare different offers curated for your business. Select the capital amount and rate that will help take your business to the next level.
We work with lenders that can fund you fast. Once you’re approved, you’ll be able to access your capital in as little as 24 hours.
With asset-based financing (also known as invoice factoring), instead of waiting for clients to pay invoices, a funder purchases an invoice from the borrower at a discounted rate, which the business will then pay back to the funder, as the business collects on the invoice. Revenue-based financing provides you a lump sum based on expected future revenue.
Debt financing offers a lump sum that is repaid with interest over a fixed term. Online term loans offer fast approval and funding times. An SBA loan is backed by the government giving borrowers access to lower interest rates.
A line of credit (LOC) is another type of financing women can qualify for. Instead of getting a lump sum, you can borrow from your credit line up to your limit—just like a credit card. Repay the funds to replenish the LOC and only pay interest on the outstanding balance.
While Lendio’s marketplace doesn’t offer business loans specifically designed for minority women, our lending marketplace makes it easy to compare offers from multiple lenders and loan products, including SBA loans, term loans, lines of credit, and revenue-based financing. This gives minority women equal access to a full gamut of options, based on their merits and not their gender or ethnicity.
Some of the advantages of getting a loan for your business through an online marketplace include:
The Small Business Administration doesn’t loan money directly to small businesses unless they’re eligible for disaster recovery, but it does help small businesses access funding by setting loan guidelines for small businesses and reducing lender risk. As a result, they can be one of the safest, easiest ways to access loans for women-owned small businesses.
What makes SBA loans so beneficial? They offer enviably lower rates, lower down-payment requirements, and larger borrowing allowances than private-sector lenders often offer, especially to newer or smaller businesses. And these benefits can help you to grow your credit and connect you, in the longer term, with other funding opportunities.
There’s an SBA loan option to cover just about every aspect of your woman-owned small business. Some of the most common SBA loans include the 7(a), 504, and SBA Express—but there are numerous others that may suit a particular need or aspect of your business.
The SBA 7(a) standard is one of the most flexible SBA loans. You can use it to:
SBA 504 loans can be a bit more complicated than 7(a)s,. Because you must use a 504 to fund a specific fixed asset, a thorough examination of your project costs will be required. When your loan is funded, the lender will initially cover 50% of your costs, and the SBA will cover 40%—this means that you’re responsible for covering at least 10% right off the bat. You’ll also be required to personally guarantee at least 20% of the loan.
You must use an SBA 504 loan to finance fixed assets, although some soft costs can also be included. Examples of qualifying projects include:
Is your woman-owned small business considering exporting goods to other countries? This is often seen by U.S. lenders as a particularly risky option, and it can be harder to access funding as a result.
Check out the SBA’s export finance offerings, which include export loans, export express loans, and export working capital loans.
If you need a smaller amount of funding quickly to jumpstart your woman-owned small business, the SBA offers microloans—up to $50,000—for this exact purpose.
According to the SBA, microloans can be used for a wide range of purposes in order to rebuild, reopen, repair, enhance, or otherwise improve your small business, including:
An SBA microloan, however, cannot be used to purchase real estate or pay down debts.
Hopefully, you’ll never need disaster loan assistance for your small business. However, if the COVID-19 pandemic has taught us anything, it’s that we never know what lies ahead.
Types of SBA disaster loans include:
Whichever type of SBA loan fits best for your small business, make sure to consider your options today—and get help from Lendio.
Grants can be tough to get due to high competition, but don’t underestimate the abundance of options specifically designed for women entrepreneurs. Federal and state government agencies offer some grants; nonprofits and private business organizations offer others.
When it comes to finding grants to help fund your business, the best thing you can do is keep a broad horizon. Here are some of the grant options we’ve found for women entrepreneurs:
Read the application package from cover to cover to make sure that your business is actually eligible and that you understand what’s needed to apply.
*based on 136 Lendio employees who responded to an internal poll
Applying is free and won’t impact your credit
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