Sunday, March 02, 2008

Business Loan Approval Tips for Women Entrepreneurs

Over the past ten years, the number of women becoming entrepreneurs and owing their own business has skyrocketed. The best part is that these businesses are just as successful as those owned by their male counterparts. We have a different business sense than men, and it's our non-traditional style of business which makes us so successful. The problems with a woman owned business lies in the fact it is much more difficult for them to find the funding to start.

If you look hard enough, you'll find there are numerous funding opportunities out there for women business owners. Most of them are created especially for women. They focus on your character, credit, experience and reliability rather than assets and can be for as much as $250,000 or more. Here are some places where you as a woman can find the funding to get your startup off the ground:

  • Organizations like the Women's Business Center is a great place to find training and counseling services about all of these financial questions. They were put together with the purpose of helping women start and run businesses despite social or financial disadvantages or business experience.
  • The U.S. Small Business Administration considers its Loan Guaranty Program as one of its primary lending sources. This program is available through banks which provide loans approved and guaranteed by the SBA. If you are a small business owner and you are unable to secure financing for whatever reason, this program may be your best and easiest bet.
  • Another option you can choose is an SBAExpress loan. This loan is designed for businesses looking for $350,000 or less. Many business owners really like this option since is makes it easier and faster for lenders to provide the loans. The SBA even chips in by providing a loan guarantee to the lender within 36 hours of the initial request.
  • The qualifying standards for an SBA-backed loan are often time more flexible than a regular business loan. However, expect a lender to ask much more specific information about the business before deciding on an SBA loan program. It is a good idea to arm yourself with information such as a business profile describing the business and its annual sales as well as a description of all collateral you are willing to use in oder to secure the loan.
  • There is a nonprofit association called SCORE that specializes in small business advice to entrepreneurs and the best part is it's free. They claim to have 10,500 counselors enlisted working as volunteers with business skills in over six hundred categories. Their website is loaded with helpful information and business tools such as instructions on assembling a loan package or writing a business plan
  • It is recommend that get it contact with your local, county and state development departments as well. These institutions often times offer funding to businesses in certain areas. You may want to ask your local banks what they are willing. Those smaller community banks in your area are usually more willing to help a new small business than a larger bank will.

Over the past ten years, the number of women becoming entrepreneurs and owing their own business has skyrocketed. The best part is that these businesses are just as successful as those owned by their male counterparts. We have a different business sense than men, and it's our non-traditional style of business which makes us so successful. The problems with a woman owned business lies in the fact it is much more difficult for them to find the funding to start.

If you look hard enough, you'll find there are numerous funding opportunities out there for women business owners. Most of them are created especially for women. They focus on your character, credit, experience and reliability rather than assets and can be for as much as $250,000 or more. Here are some places where you as a woman can find the funding to get your startup off the ground:

  • Organizations like the Women's Business Center is a great place to find training and counseling services about all of these financial questions. They were put together with the purpose of helping women start and run businesses despite social or financial disadvantages or business experience.
  • The U.S. Small Business Administration considers its Loan Guaranty Program as one of its primary lending sources. This program is available through banks which provide loans approved and guaranteed by the SBA. If you are a small business owner and you are unable to secure financing for whatever reason, this program may be your best and easiest bet.
  • Another option you can choose is an SBAExpress loan. This loan is designed for businesses looking for $350,000 or less. Many business owners really like this option since is makes it easier and faster for lenders to provide the loans. The SBA even chips in by providing a loan guarantee to the lender within 36 hours of the initial request.
  • The qualifying standards for an SBA-backed loan are often time more flexible than a regular business loan. However, expect a lender to ask much more specific information about the business before deciding on an SBA loan program. It is a good idea to arm yourself with information such as a business profile describing the business and its annual sales as well as a description of all collateral you are willing to use in oder to secure the loan.
  • There is a nonprofit association called SCORE that specializes in small business advice to entrepreneurs and the best part is it's free. They claim to have 10,500 counselors enlisted working as volunteers with business skills in over six hundred categories. Their website is loaded with helpful information and business tools such as instructions on assembling a loan package or writing a business plan
  • It is recommend that get it contact with your local, county and state development departments as well. These institutions often times offer funding to businesses in certain areas. You may want to ask your local banks what they are willing. Those smaller community banks in your area are usually more willing to help a new small business than a larger bank will.

The National Student Loans Service Center - Help Before, During, And After College

While applying for and receiving a loan with which to fund your college education may be one of the most exciting events of your life, and you are looking forward to four years of everything college can offer, one day you will graduate. And when you do, it will be time to pay for all the fun and learning you experienced as a student.

While most college loan programs offer a six month post graduation grace period before you need to start making monthly payments on your college loan, eventually repayment time will come. When it does, you will be faced with having to pay back not only the money you actually borrowed, but all the interest which has accrued on that money in the ensuing four years.

Let The National Student Loans Services Center Help

Unless you are lucky enough to land a lucrative job right out of college, you may have a real struggle in finding the money to cover both your everyday costs of living and your monthly college loan repayments. But you won't be alone, and the National Student Loans Services Center has plenty of information available to guide newly graduated students through the maze of supporting themselves decently at the same time they are paying off their school loans.

The National Student Loans Services Center will also provide loan and savings plan suggestions for families needing financial help to educate their children regardless of age. Starting to save for college early in a child's life is critical in this day and age, and the National Student Loans Center presents different savings strategies to help defray the costs of a college education, be it eighteen months or eighteen years away.

If you are wondering how to maximize your college years by loading your schedule with the classes which will prove most valuable in your future career, the National Student Loans Service Center offers guidance in how to tailor your college courses to your talents and career interests, so that your education will prepare you for the job market in the best possible manner.

Focus On The Right Education

The NSLSC will help parents of students approaching college age assist them in choosing the right schools and classes. Parents and children can use the tools supplied by the national Student Loans Services Center to review the curricula available at different schools, so the students waste no time in getting started on a career path. This will help the students avoid the problem which so many undecided college students have of taking several classes in one field and then deciding to concentrate on another, essentially wasting several terms' worth of tuition.

Once they have their diplomas in hand and are faced with having to repay their college loans, students can again get advice from the National Student Loans Services Center regarding their payment alternatives and ways to manage their incomes so that they have enough to cover both living expenses and repayment obligations.

Nobody operates under the illusion that college is cheap, yet a surprisingly large number of parents have no specific plan to save for their children's educations. So millions of students have to rely on student loans and eventually have to repay them, and taking advantage of the National Student Loans Services Center's assistance can go a long way toward easing the stress of trying to find and repay a college loan.

While applying for and receiving a loan with which to fund your college education may be one of the most exciting events of your life, and you are looking forward to four years of everything college can offer, one day you will graduate. And when you do, it will be time to pay for all the fun and learning you experienced as a student.

While most college loan programs offer a six month post graduation grace period before you need to start making monthly payments on your college loan, eventually repayment time will come. When it does, you will be faced with having to pay back not only the money you actually borrowed, but all the interest which has accrued on that money in the ensuing four years.

Let The National Student Loans Services Center Help

Unless you are lucky enough to land a lucrative job right out of college, you may have a real struggle in finding the money to cover both your everyday costs of living and your monthly college loan repayments. But you won't be alone, and the National Student Loans Services Center has plenty of information available to guide newly graduated students through the maze of supporting themselves decently at the same time they are paying off their school loans.

The National Student Loans Services Center will also provide loan and savings plan suggestions for families needing financial help to educate their children regardless of age. Starting to save for college early in a child's life is critical in this day and age, and the National Student Loans Center presents different savings strategies to help defray the costs of a college education, be it eighteen months or eighteen years away.

If you are wondering how to maximize your college years by loading your schedule with the classes which will prove most valuable in your future career, the National Student Loans Service Center offers guidance in how to tailor your college courses to your talents and career interests, so that your education will prepare you for the job market in the best possible manner.

Focus On The Right Education

The NSLSC will help parents of students approaching college age assist them in choosing the right schools and classes. Parents and children can use the tools supplied by the national Student Loans Services Center to review the curricula available at different schools, so the students waste no time in getting started on a career path. This will help the students avoid the problem which so many undecided college students have of taking several classes in one field and then deciding to concentrate on another, essentially wasting several terms' worth of tuition.

Once they have their diplomas in hand and are faced with having to repay their college loans, students can again get advice from the National Student Loans Services Center regarding their payment alternatives and ways to manage their incomes so that they have enough to cover both living expenses and repayment obligations.

Nobody operates under the illusion that college is cheap, yet a surprisingly large number of parents have no specific plan to save for their children's educations. So millions of students have to rely on student loans and eventually have to repay them, and taking advantage of the National Student Loans Services Center's assistance can go a long way toward easing the stress of trying to find and repay a college loan.