Small Business Loans for Women

Women have to qualify for a small business loan, they are not awarded on need.
When an established company needs capital, a bank loan comes first to mind. Banks want to lend to companies that have a record of profitable operations, that generate cash flow sufficient to repay the loan, and that have enough collateral or assets to secure the loan. A clean credit record for both the company and the principals of the company is mandatory; few late payments, and no bankruptcies or foreclosures.
There are a few Small Business Administration, SBA, loans that are targeted to women. Some state and city's have loan programs directed toward small business loans for women. Small Business Investment Companies, SBIC's will sometimes provide small business loans for women owned businesses. Check with your local Small Business Development Center, SCORE office or state/city business development office.
Most start-up companies do not qualify for traditional bank financing unless the founder has the personal net worth and income to guarantee the loan. The loan then is a really a personal loan to the founder rather than a business loan.
Check with the bank that you have your business accounts with for the person who handles commercial or business loans. You will be asked to provide financial statements for both you and your company for the last several years as well as tax returns. You may also be asked to provide documentation as to the accounts you have, both personal and business. A business plan will be required and you will most likely have to complete the bank's own loan package.
You will have to personally guarantee the business loan, which means any and all assets you have will be pledged to pay off the loan if your business doesn't. If you live in a community property state, your spouse must also personally guarantee the loan.
If you look you can find small business loans for women.
Source:http://www.ezinearticles.com/?Small-Business-Loans-for-Women&id=717060