{"id":19911,"date":"2023-01-31T13:23:15","date_gmt":"2023-01-31T13:23:15","guid":{"rendered":"https:\/\/swoopfunding.com\/us\/?post_type=sba-loans&#038;p=19911"},"modified":"2024-02-10T21:19:22","modified_gmt":"2024-02-10T21:19:22","slug":"sba-loans-for-women","status":"publish","type":"sba-loans","link":"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-loans-for-women\/","title":{"rendered":"SBA loans for women"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"19911\" class=\"elementor elementor-19911\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4c1a6265 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4c1a6265\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3ad5d7e1\" data-id=\"3ad5d7e1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5d40a1b2 elementor-widget elementor-widget-heading\" data-id=\"5d40a1b2\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">SBA loans for women<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-43dd3101 elementor-widget elementor-widget-text-editor\" data-id=\"43dd3101\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">There\u2019s never been a better time to be a female entrepreneur. According to the <\/span><span style=\"font-weight: 400;\">National Women\u2019s Business Council\u2019s 2022 Annual Report<\/span><span style=\"font-weight: 400;\">, the number of women-owned businesses increased by over 16% from 2012 to 2019.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2867eac2 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"2867eac2\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-md\" href=\"https:\/\/us.swoopfunding.ca\/stage\" target=\"_blank\" rel=\"noopener\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-text\">Get a quote<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7c433718 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7c433718\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-14237f10\" data-id=\"14237f10\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a28e099 elementor-widget elementor-widget-ucaddon_breadcrumbs\" data-id=\"a28e099\" data-element_type=\"widget\" data-widget_type=\"ucaddon_breadcrumbs.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\n\n\t\t\t\n <div id=\"breadcrumbs-container\" class=\"left\">\n <nav aria-label=\"breadcrumbs\" class=\"rank-math-breadcrumb\"><p><\/p><\/nav> <\/div>\n \n\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5ca3310b elementor-widget elementor-widget-text-editor\" data-id=\"5ca3310b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">But despite the rise in women in business, finding capital is still much harder for women, which is concerning because several women-owned businesses were impacted by the <\/span><span style=\"font-weight: 400;\">COVID-19 pandemic<\/span><span style=\"font-weight: 400;\">.<\/span><\/p><p><span style=\"font-weight: 400;\">Nevertheless, there are many business loan options for women. One of the most popular business loans on the market is the SBA loan. The SBA provides many resources for women entrepreneurs, and their loan products generally come with very reasonable terms.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Read on to learn more about SBA loan options for women business owners and how to apply for an SBA loan.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1b1d4d1 elementor-widget elementor-widget-ucaddon_last_updated\" data-id=\"1b1d4d1\" data-element_type=\"widget\" data-widget_type=\"ucaddon_last_updated.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\n\n\t\t\t\n<div id=\"last-updated-container\" class=\"\">\n\n <script id=\"last-updated-schema\" type=\"application\/ld+json\">\n        {\n          \"@context\": \"https:\/\/schema.org\",\n          \"@type\": \"Article\",\n          \"headline\": \"SBA loans for women\",\n          \n          \"datePublished\": \"2023-01-31T13:23:15+00:00\",\n          \"dateModified\": \"2024-02-10T21:19:22+00:00\",\n          \"author\": [{\n              \"@type\": \"Person\",\n              \"name\": \"Zoe Weisner\",\n              \"url\": \"https:\/\/swoopfunding.com\/us\/author\/zoe-weisner\/\"\n            }]\n        }\n    <\/script>\n \n <div class=\"last-updated view-user\" style=\"justify-content: left;\">\n \n <div class=\"info-left\">\n <a href=\"https:\/\/swoopfunding.com\/us\/author\/zoe-weisner\/\"><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/us\/wp-content\/uploads\/sites\/3\/2022\/11\/zoe.jpg\" data-lazy-src=\"https:\/\/swoopfunding.com\/us\/wp-content\/uploads\/sites\/3\/2022\/11\/zoe.jpg?is-pending-load=1\" alt=\"Zoe Weisner\" class=\"jetpack-lazy-image\" loading=\"lazy\" width=\"92\" height=\"92\"><\/a>\n <\/div>\n \n <div class=\"info-right\">\n <p>Page written by <a href=\"https:\/\/swoopfunding.com\/us\/author\/zoe-weisner\/\">Zoe Weisner<\/a>. <span>Last reviewed on February 10, 2024<\/span>. <span>Next review due October 1, 2025.\n <\/span>\n <\/p>\n\n <\/div>\n\n <\/div>\n<\/div>\n\n<div id=\"externalTooltipContent\" style=\"display: none;\">\n <div class=\"top-info\">\n <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/us\/wp-content\/uploads\/sites\/3\/2022\/11\/zoe.jpg\" data-lazy-src=\"https:\/\/swoopfunding.com\/us\/wp-content\/uploads\/sites\/3\/2022\/11\/zoe.jpg?is-pending-load=1\" alt=\"\" class=\"jetpack-lazy-image\" loading=\"lazy\" width=\"92\" height=\"92\">\n <div class=\"text\">\n <div class=\"name-author\">Zoe Weisner<\/div>\n <div class=\"role-user\">Expert financial copywriter<\/div>\n <\/div>\n <\/div>\n <div class=\"description\">Zoe is an experienced content marketer and freelance writer. For the past five years, she has written for several high-profile fintech startups such as BlueVine, Fundera, and Nerdwallet to help small business owners navigate through the world of small business financing. Today, Zoe writes about small business finance, business operations, and personal finance.<\/div>\n<\/div>\n\n<div class=\"modal fade modal-form modal-user\" id=\"modal-user\" tabindex=\"-1\" role=\"dialog\" aria-labelledby=\"modal-user\" aria-hidden=\"true\">\n <div class=\"modal-dialog\" role=\"document\">\n\n <div class=\"modal-content\">\n <div class=\"modal-header\">\n <button type=\"button\" class=\"close\" data-dismiss=\"modal\" aria-label=\"Close\">\n <span aria-hidden=\"true\">&times;<\/span>\n <\/button>\n <\/div>\n <div class=\"modal-body\">\n \n <div class=\"top-info\">\n <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/us\/wp-content\/uploads\/sites\/3\/2022\/11\/zoe.jpg\" data-lazy-src=\"https:\/\/swoopfunding.com\/us\/wp-content\/uploads\/sites\/3\/2022\/11\/zoe.jpg?is-pending-load=1\" alt=\"\" class=\"jetpack-lazy-image\" loading=\"lazy\" width=\"92\" height=\"92\">\n <div class=\"text\">\n <div class=\"name-author\">Zoe Weisner<\/div>\n <div class=\"role-user\">Expert financial copywriter<\/div>\n <\/div>\n <\/div>\n <div class=\"description\">Zoe is an experienced content marketer and freelance writer. For the past five years, she has written for several high-profile fintech startups such as BlueVine, Fundera, and Nerdwallet to help small business owners navigate through the world of small business financing. Today, Zoe writes about small business finance, business operations, and personal finance.<\/div>\n <ul class=\"social-links\">\n <li><a href=\"https:\/\/www.linkedin.com\/in\/zoe-weisner\/\" target=\"_blank\" rel=\"noreferrer noopener\"><span class=\"text-link\">Linkedin<\/span><i class=\"icon icon-linkedin\"><\/i><\/a><\/li>\n <li><a href=\"https:\/\/zoeweisner.squarespace.com\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><span class=\"text-link\">Website<\/span><i class=\"icon material-icons\">web_asset<\/i><\/a><\/li>\n <\/ul>\n \n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5de8d44c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5de8d44c\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-455042f3\" data-id=\"455042f3\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5970f871 elementor-widget elementor-widget-heading\" data-id=\"5970f871\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What SBA loans are available for women?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2739030a elementor-widget elementor-widget-spacer\" data-id=\"2739030a\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2bada4e8 elementor-widget elementor-widget-text-editor\" data-id=\"2bada4e8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Most, if not all, SBA loans are available for women entrepreneurs. The most well-known SBA loan is the 7(a) loan program, which has several different loan products within its category, such as the SBA express loan. The SBA also offers CDC\/504 loans and microloans for business owners who want to purchase buildings or for startup expenses.<\/span><\/p><p><span style=\"font-weight: 400;\">Below, we\u2019ll go over each type of major SBA loan. <\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-78d503c6 elementor-widget elementor-widget-spacer\" data-id=\"78d503c6\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-66d193d elementor-align-center elementor-widget elementor-widget-button\" data-id=\"66d193d\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-md\" href=\"https:\/\/us.swoopfunding.ca\/stage\" target=\"_blank\" rel=\"noopener\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-text\">Get a quote<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-675e56df elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"675e56df\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-115ab3c2\" data-id=\"115ab3c2\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t<div class=\"elementor-element elementor-element-98f7344 e-flex e-con-boxed e-con e-parent\" data-id=\"98f7344\" data-element_type=\"container\" data-core-v316-plus=\"true\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8a27f0f elementor-widget elementor-widget-text-editor\" data-id=\"8a27f0f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h3>SBA 7(a) loan<\/h3><p><span style=\"font-weight: 400;\">There are five types of <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-7a-loans\/\">SBA 7(a) loans<\/a>: standard 7(a) loan, small 7(a) loan, express loan, export express, and export working capital. The standard, small, and express loan can be used for most business expenses, such as:\u00a0<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Business expansion<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Purchasing equipment\u00a0<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Purchasing real estate<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Refinancing existing debt\u00a0<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">The primary difference between the standard 7(a) loan versus the 7(a) small loan and the express loan is the maximum loan amount and application turnaround time. The standard 7(a) loan has the largest loan limit of $5,000,000, followed by the express loan ($500,000 loan cap), and the 7(a) small loan, which has a limit of $350,000.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">The express loan has the fastest turnaround time of 36 hours. Both the standard 7(a) and 7(a) small loans take between 5 to 10 days to process your application.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">The export loans are designed for exporters who need funding to cover operating expenses or refinance existing debt. The SBA has a 90% guarantee on export loans.\u00a0<\/span><\/p><h3>SBA express loan<\/h3><p><span style=\"font-weight: 400;\">The SBA express loan is designed for small businesses that need fast funding. As mentioned above, the SBA express loan has a maximum loan amount of $500,000 and a 50% guarantee by the SBA.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">There are two types of express loans: a line of credit or a term loan. A line of credit works like a credit card\u2014you get a limit of funds which you can draw from, and in order to re-use credit, you pay down what you owe. A line of credit loan has a maximum term of five years. For term loans, repayment ranges from 10 to 25 years. A term loan is a lump sum of money that you use all at once, such as for equipment or real estate purchases.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Interest rates for the SBA express loans vary depending on the loan size. Loans below $50,000 have interest rates of the prime rate plus 6.5%. Loans above $50,000 can expect the prime rate plus 4.5%.\u00a0<\/span><\/p><h3>SBA 504 loan<\/h3><p><span style=\"font-weight: 400;\">The <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-504-loans\/\">SBA CDC\/504 loan<\/a> is for businesses that need to purchase land, buildings, or facilities. The CDC\/504 loan is available through CDCs, or Certified Development Companies. The 504 loan is a fixed-rate, long-term loan. Term lengths vary from 10 to 25 years, which is why when applying for an SBA 504 loan, lenders want to see at least two years of business history and a personal credit score of at least 660 or higher.\u00a0<\/span><\/p><h3>Microloans<\/h3><p><span style=\"font-weight: 400;\">The <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-microloans\/\">SBA microloan<\/a> program provides loans up to $50,000 for small businesses and not-for-profit childcare centers that need financial assistance for startup and expansion expenses. These funds can be applied to purchase inventory, supplies, equipment, or furniture needed to enhance or improve your small business. Interest rates for an SBA microloan vary between 8 to 13 percent, and the maximum repayment term allowed is six years.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">The SBA microloan is available through nonprofit community-based organizations. Each of those organizations has different eligibility requirements. Because the SBA microloan is much lower than other business loans, eligibility requirements may not be as stringent. Even if you do not have a credit score of at least 700, you may be able to secure a microloan if you have collateral or strong business revenue. <\/span><\/p><p>To work out the monthly repayments of your loan, use our <a href=\"https:\/\/swoopfunding.com\/us\/sba-loan-calculator\/\">SBA loan calculator<\/a> here.<span style=\"font-weight: 400;\"><br \/><\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1b99437b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1b99437b\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3044ba4e\" data-id=\"3044ba4e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-6cede212 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6cede212\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-63452251\" data-id=\"63452251\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3545ae73 elementor-widget elementor-widget-heading\" data-id=\"3545ae73\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What are the eligibility criteria for a female-led SBA loan?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-4de7206 elementor-widget elementor-widget-text-editor\" data-id=\"4de7206\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">There are no specific eligibility requirements for women when it comes to applying for an<a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/\"> SBA loan<\/a>. The biggest indicator of what eligibility requirements are needed to apply for an SBA loan is the type of loan you are applying for and the lender that you have selected.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">With that said, there are some basic requirements that a small business must meet in order to apply for an SBA loan, such as:\u00a0<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Be a for-profit business<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Owner supported and funded<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Operate in the United States<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Have a strong credit score (typically 680+)<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">At least two years of business history\u00a0<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Strong financials \u2013 no bankruptcies or outstanding tax liens<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Have appropriate legal and financial documentation<\/span><\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-168d3394 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"168d3394\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/us.swoopfunding.ca\/stage\" target=\"_blank\" rel=\"noopener\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-text\">Get a quote<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t<div class=\"elementor-element elementor-element-a9101f0 e-flex e-con-boxed e-con e-parent\" data-id=\"a9101f0\" data-element_type=\"container\" data-core-v316-plus=\"true\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c6c4213 elementor-widget elementor-widget-heading\" data-id=\"c6c4213\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How to find the right lender for your SBA loan<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fcc2033 elementor-widget elementor-widget-text-editor\" data-id=\"fcc2033\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Whether you\u2019re thinking about getting an SBA 7(a) loan, CDC\/504 loan, or a microloan, finding the right lender is the most important step to increasing your chances of getting the SBA loan of your choice. From credit requirements to loan structure, terms, and application requirements, not all lenders will have the same criteria. If possible, you should apply to preferred lenders.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Preferred lenders can approve loans on behalf of the SBA. Non-preferred lenders, on the other hand, have to send the loan application to the SBA for a second approval.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Lastly, though the SBA offers a <\/span><a href=\"https:\/\/www.sba.gov\/funding-programs\/loans\/lender-match\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">free lender match tool<\/span><\/a><span style=\"font-weight: 400;\">, it is often better to work with a professional small business financing expert who has a strong relationship with an SBA-approved lender.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">If you need additional support for your business, you may want to look into the SBA\u2019s Women\u2019s Business Centers (WBCs) or their <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-8a-program\/\">8(a) program<\/a>. WBCs provide free counseling to women who want to launch or expand their business, and can potentially increase your odds of getting approval for a loan. <\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-c432d3e e-flex e-con-boxed e-con e-parent\" data-id=\"c432d3e\" data-element_type=\"container\" data-core-v316-plus=\"true\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-86f8049 elementor-widget elementor-widget-heading\" data-id=\"86f8049\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How can Swoop help my business?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-82f15f8 elementor-widget elementor-widget-text-editor\" data-id=\"82f15f8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">By <\/span><a href=\"https:\/\/us.swoopfunding.ca\/stage\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">registering with Swoop<\/span><\/a><span style=\"font-weight: 400;\">, you can discover which SBA loan is right for your business by answering a few short questions about your business. With Swoop\u2019s digital platform and lending specialists, you can compare thousands of business loans and assess what financial requirements are needed to get access to the right funding.\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-51c972d e-flex e-con-boxed e-con e-parent\" data-id=\"51c972d\" data-element_type=\"container\" data-core-v316-plus=\"true\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f44381d elementor-widget elementor-widget-ucaddon_author_page\" data-id=\"f44381d\" data-element_type=\"widget\" data-widget_type=\"ucaddon_author_page.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\n\n\t\t\t\n <div class=\"info-user-post\">\n \n <div class=\"left-info\">\n <a href=\"https:\/\/swoopfunding.com\/us\/author\/zoe-weisner\/\"><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/us\/wp-content\/uploads\/sites\/3\/2022\/11\/zoe.jpg\" data-lazy-src=\"https:\/\/swoopfunding.com\/us\/wp-content\/uploads\/sites\/3\/2022\/11\/zoe.jpg?is-pending-load=1\" alt=\"\" class=\"jetpack-lazy-image\" loading=\"lazy\" width=\"92\" height=\"92\"><\/a>\n <\/div>\n \n <div class=\"right-info\">\n <p>Written by<\/p>\n <p class=\"name-author\"><a href=\"https:\/\/swoopfunding.com\/us\/author\/zoe-weisner\/\">Zoe Weisner<\/a><\/h3>\n <p>Zoe is an experienced content marketer and freelance writer. For the past five years, she has written for several high-profile fintech startups such as BlueVine, Fundera, and Nerdwallet to help small business owners navigate through the world of small business financing. Today, Zoe writes about small business finance, business operations, and personal finance.<\/p>\n\n <ul class=\"social-links\">\n \n <li><a href=\"https:\/\/www.linkedin.com\/in\/zoe-weisner\/\" target=\"_blank\" rel=\"noreferrer noopener\">\n <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/us\/wp-content\/themes\/swoopMW50\/assets\/icons\/icon-linkedin-min.svg\" width=\"30\" height=\"30\" alt=\"Linkedin\">\n <\/a><\/li>\n \n <li><a href=\"https:\/\/zoeweisner.squarespace.com\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">\n <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/us\/wp-content\/themes\/swoopMW50\/assets\/icons\/icon-site-min.svg\" width=\"30\" height=\"30\" alt=\"Website\">\n <\/a><\/li>\n <\/ul>\n\n <div class=\"swoop-promise\">\n <p><strong>Swoop promise<\/strong><\/p>\n <p>At Swoop we want to make it easy for SMEs to understand the sometimes overwhelming world of business finance and insurance. Our goal is simple \u2013 to distill complex topics, unravel jargon, offer transparent and impartial information, and empower businesses to make smart financial decisions with confidence.<\/p>\n <p>Find out more about Swoop\u2019s editorial principles by reading our <a href=\"https:\/\/swoopfunding.com\/us\/about-swoop\/editorial-policy\/\">editorial policy<\/a>.<\/p>\n <\/div>\n\n <\/div>\n <\/div>\n\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-446eac32 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"446eac32\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-747832c4\" data-id=\"747832c4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6a50aafd elementor-widget elementor-widget-spacer\" data-id=\"6a50aafd\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-266c5098 elementor-widget elementor-widget-heading\" data-id=\"266c5098\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Testimonials<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e0790da elementor-widget elementor-widget-ucaddon_testimonials\" data-id=\"e0790da\" data-element_type=\"widget\" data-widget_type=\"ucaddon_testimonials.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\n\t\t\t<style type=\"text\/css\">\/* widget:Testimonials *\/\n\n.testimony{\n margin:0;\n}\n.testimony .owl-theme .owl-dots .owl-dot.active span{\n background:;\n}\n\n.testimony .owl-theme .owl-dots .owl-dot:hover span{\n background:;\n}\n\n.testimony{\n\t content-visibility:auto;\n\t contain-intrinsic-size:445px;\n}\n .testimony .inner-testimony .read-mores{\n\t margin-left:15px;\n}\n .testimony .inner-testimony .icon{\n\t color:#eee;\n}\n .testimony .inner-testimony .icon-quotation-left{\n\t position:relative;\n\t top:-28px;\n\t left:0;\n}\n .testimony .inner-testimony .icon-quotation-right{\n\t position:relative;\n\t bottom:-28px;\n\t right:-8px;\n}\n .testimony .inner-testimony p{\n\t margin:0;\n\t color:#003e52;\n}\n .testimony .inner-testimony .testimony_description{\n\t padding:40px 0;\n}\n .testimony .inner-testimony .desc_testimony{\n\t font-size:24px;\n}\n .testimony .inner-testimony .author_testimony{\n\t font-size:18px;\n\t margin-top:20px;\n}\n .testimony .inner-testimony .role_testimony{\n\t font-size:18px;\n}\n .testimony .owl-theme .owl-nav .owl-prev{\n\t position:absolute;\n\t left:0;\n\t margin:-18px 0;\n\t top:50%;\n}\n .testimony .owl-theme .owl-nav .owl-next{\n\t position:absolute;\n\t right:0;\n\t margin:-18px 0;\n\t top:50%;\n}\n @media (max-width:992px){\n\t .testimony .inner-testimony{\n\t\t padding:40px 40px;\n\t}\n\t .testimony .inner-testimony .testimony_description{\n\t\t padding:0;\n\t}\n}\n @media (max-width:768px){\n\t .testimony{\n\t\t margin:50px 0 40px 0;\n\t}\n\t .testimony .inner-testimony .desc_testimony{\n\t\t font-size:19px;\n\t}\n\t .testimony .owl-dots{\n\t\t margin-top:30px !important;\n\t}\n\t .testimony .inner-testimony{\n\t\t padding:40px 0;\n\t}\n}\n\n<\/style>\n\n\t\t\t<div class=\"container\">\n <div class=\"testimony\">\n <div class=\"row justify-content-center\">\n <div class=\"col-xl-8 col-lg-10\">\n <div class=\"inner-testimony text-center\">\n <div id=\"owl-testimony\" class=\"owl-carousel owl-theme\">\n <div class=\"item\">\n <div class=\"testimony_description\">\n <p class=\"desc_testimony italic\"><i class=\"icon icon-quotation-left\"><\/i>Daire made it happen! There is no doubt that Swoop sped up the process and found lenders that worked to our time scale rather than the other way round<i class=\"icon icon-quotation-right\"><\/i><\/p>\n <p class=\"author_testimony\">Hocque Figureoa<\/p>\n <p class=\"role_testimony\">Joint owner, F45 Virginia<\/p>\n <\/div>\n<\/div>\n<div class=\"item\">\n <div class=\"testimony_description\">\n <p class=\"desc_testimony italic\"><i class=\"icon icon-quotation-left\"><\/i>Swoop was actually very helpful in helping us get our initial fundraising in place. Swoop was able to connect us with investors, with grant financing options and debt financing options.<i class=\"icon icon-quotation-right\"><\/i><\/p>\n <p class=\"author_testimony\">Viler Lika<\/p>\n <p class=\"role_testimony\">Founder, SingleKey<\/p>\n <\/div>\n<\/div>\n<div class=\"item\">\n <div class=\"testimony_description\">\n <p class=\"desc_testimony italic\"><i class=\"icon icon-quotation-left\"><\/i>Pedja was amazing. Super supportive, understanding of our needs and wasn't pushy at all. We've been going back and forth with Swoop for over a year inquiring about different financing options and they were patient until we were ready!<i class=\"icon icon-quotation-right\"><\/i><\/p>\n <p class=\"author_testimony\">Chris Skeates<\/p>\n <p class=\"role_testimony\">F45 Multi-studio owner<\/p>\n <\/div>\n<\/div>\n\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"author":61,"featured_media":0,"parent":0,"template":"elementor_header_footer","sba-loans-sectors":[337],"acf":[],"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","image_blog":"","image_podcast":"","image_banking":"","image_blog_internal":"","image_blog_medium":"","image_single_banking":""},"post_excerpt_stackable":"<p>SBA loans for women There\u2019s never been a better time to be a female entrepreneur. According to the National Women\u2019s Business Council\u2019s 2022 Annual Report, the number of women-owned businesses increased by over 16% from 2012 to 2019. Get a quote But despite the rise in women in business, finding capital is still much harder for women, which is concerning because several women-owned businesses were impacted by the COVID-19 pandemic.Nevertheless, there are many business loan options for women. One of the most popular business loans on the market is the SBA loan. The SBA provides many resources for women entrepreneurs,&hellip;<\/p>\n","category_list":"","author_info":{"name":"Zoe Weisner","url":"https:\/\/swoopfunding.com\/us\/author\/zoe-weisner\/"},"comments_num":"0 comments","featured_image_urls_v2":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","image_blog":"","image_podcast":"","image_banking":"","image_blog_internal":"","image_blog_medium":"","image_single_banking":""},"post_excerpt_stackable_v2":"<p>SBA loans for women There\u2019s never been a better time to be a female entrepreneur. According to the National Women\u2019s Business Council\u2019s 2022 Annual Report, the number of women-owned businesses increased by over 16% from 2012 to 2019. Get a quote But despite the rise in women in business, finding capital is still much harder for women, which is concerning because several women-owned businesses were impacted by the COVID-19 pandemic.Nevertheless, there are many business loan options for women. One of the most popular business loans on the market is the SBA loan. The SBA provides many resources for women entrepreneurs,&hellip;<\/p>\n","category_list_v2":"","author_info_v2":{"name":"Zoe Weisner","url":"https:\/\/swoopfunding.com\/us\/author\/zoe-weisner\/"},"comments_num_v2":"0 comments","_links":{"self":[{"href":"https:\/\/swoopfunding.com\/us\/wp-json\/wp\/v2\/sba-loans\/19911"}],"collection":[{"href":"https:\/\/swoopfunding.com\/us\/wp-json\/wp\/v2\/sba-loans"}],"about":[{"href":"https:\/\/swoopfunding.com\/us\/wp-json\/wp\/v2\/types\/sba-loans"}],"author":[{"embeddable":true,"href":"https:\/\/swoopfunding.com\/us\/wp-json\/wp\/v2\/users\/61"}],"version-history":[{"count":7,"href":"https:\/\/swoopfunding.com\/us\/wp-json\/wp\/v2\/sba-loans\/19911\/revisions"}],"predecessor-version":[{"id":27541,"href":"https:\/\/swoopfunding.com\/us\/wp-json\/wp\/v2\/sba-loans\/19911\/revisions\/27541"}],"wp:attachment":[{"href":"https:\/\/swoopfunding.com\/us\/wp-json\/wp\/v2\/media?parent=19911"}],"wp:term":[{"taxonomy":"sba-loans-sectors","embeddable":true,"href":"https:\/\/swoopfunding.com\/us\/wp-json\/wp\/v2\/sba-loans-sectors?post=19911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}