Small Business Funding for Women
Women own over 15% of small businesses in Canada. Businesses of all sizes in all industries can build a strong, sustainable future with up to $350,000 in funding from Greenbox Capital® in as little as 24 hours.
Fast, Easy Small Business Funding for Women
Women-owned businesses experienced the fastest growth in Canada from 2005-2013, and the outlook continues to be bright. Despite this growth, female entrepreneurs are less likely to seek and receive small business loans, and firms owned by men are more likely to receive venture capital or angel funding. Many grant programs exist for women-owned businesses, but these sources can be hard to locate and eligibility criteria can be strict.
Funding can be difficult for female business owners to access through traditional lenders, and successful applicants often receive less funding with higher rates than their male counterparts. With a simpler application, faster turnaround, and flexible approval requirements, Greenbox Capital can fund more women-owned small businesses in as little as one business day. We offer several types of small business funding for women, from as little as $3,000 up to $350,000. We fund all industries, including healthcare businesses, medical practices, law firms, retail stores, business services, restaurants, and more.
Base Conditions Of Financing Women Entrepreneurs
| Funding Range | up to $250K |
| Setup Fee | $349 minimum or 4% of funding amount |
| Funding Disbursement Fee | $75 USD for US-based entities |
| Term US States & Territories: | • 1st Position: 3 – 15 months |
| • 2nd Position: 3 – 9 months |
How To Use Business Loan For Women
There are no restrictions on how you can use alternative business finance for women. Business funding for women is ideal for supporting growth initiatives that will increase your business’s revenue, such as:
- Hiring staff so you can expand services and take on more business
- Purchasing new equipment or technology
- Renovating or remodeling your space to offer a more comfortable environment
- Expanding your business or acquiring another business
- Building a new website or expanding your existing online presence
- Purchasing raw materials or inventory in bulk at lower prices
- Investing in continuing education and training
- Energizing your marketing and advertising to bring in more business
Sometimes, female-led enterprises may also need a quick infusion of working capital to help meet the unique challenges of their field, such as:
- Meeting changing client and customer needs
- Standing out from competition in your niche
- High cost of equipment or raw materials
- Skilled labour shortages and employee turnover
- High cost of repairing appliances or equipment
How To Get A Business Loan For Women: The Application Process
- 1
Apply
Gather 3 months of bank statements and other records. For faster approval, grant us secure access to your bank account’s transactional data.
- 2
Choose Funding
A Funding Advisor will reach out to you within 1 hour (during regular business hours) to complete your application & discuss your financing options.
- 3
Get Funded
Once you and your Advisor determine what funding option works for your business, your funds can be approved and deposited within 24 hours.
- 4
Set Repayment
Payments will be automatically deducted from your business’s daily or weekly debit and credit card sales. Payment amounts will be based on your sales.
Business loans for women eligibility requirements
| Minimum Revenue | $10,000 / month |
| Length in Business | 5 months or more (Michigan requires 1+ year TIB) |
| Ownership % | Minimum of 51% Ownership |
| Personal Credit | US FICO 500+ |
| Business Activity | At least 2 transactions per month |
| Bank Balance | Positive average bank balance |
| Overdrafts & NSFs | Fewer than 25 overdrafts/NSFs in 3 months, and less than 20 negative balance day |
| Entity Types | All entity types, including sole proprietorships and non-profits |
Will You Qualify for a Women-Owned Business Loan?
The best candidates for women loans are prepared with a firm understanding of how much funding they need, what they plan to do with it, and how they plan to repay it.
Exact qualification requirements depend on the type of financing you are seeking. Approval for small business loan from Greenbox Capital isn’t based solely on your credit score or financial history. Instead, we focus on the overall health of your practice, including:
- Business revenue
- Cash flow
- Vendor payment history
- Years in business
- Public records
FAQ about Funding for Female Entrepreneurs
Is an alternative loan suitable for expanding my women-owned business?
Yes, an alternative loan is ideal for expanding your woman-run enterprise. Contact one of our knowledgeable Advisors to discuss an option that is right for you.
What do I need to do to qualify for a small business loan?
We have a very simple application process, with same day funding available. To get started, fill out our one-page application form or speak with a Funding Advisor.
Which loan is best for women entrepreneurs?
The best loan option depends on the specific needs of your business. Greenbox Capital offers various funding options such as merchant cash advances, collateral loans, and business lines of credit, all designed to meet diverse business needs.
Is it hard for a woman to get a small business loan?
While traditional lenders may present challenges, Greenbox Capital provides accessible funding options for women, featuring simpler application processes and faster funding solutions.
What documents may a woman entrepreneur need to get a loan?
To apply for a small business loan, a woman entrepreneur might need to provide several documents. Generally, this includes personal and business tax returns, profit and loss statements, a business lease, bank statements, a business license, and personal identification like a driver’s license.
What are the benefits of using business loans for women?
Business loans can help women expand their businesses, increase staffing, invest in new equipment, or boost marketing efforts, ultimately supporting business growth and sustainability.
Why is business finance for women so important?
Providing access to business finance for women is crucial for empowering female entrepreneurs, supporting business diversity, and promoting economic growth through women-led businesses.
How to choose a small business loan for a female entrepreneur?
Evaluate the financial health of your business, understand the repayment terms, and consider the speed of funding. It’s important to choose a loan that aligns with your business’s cash flow and growth objectives.
Where To Get Women-Owned Business Funding In Canada
- Edmonton
- Calgary
- Red Deer
- Lethbridge
- Victoria
- Vancouver
- Abbotsford
- Surrey
- Richmond
Manitoba
- Winnipeg
Northwest Territories
- Yellowknife
Yukon
- Whitehorse
- Toronto
- Ottawa
- Mississauga
- Hamilton
- Kingston
- London
- Thunder Bay
- Windsor
- Kitchener
- Brampton
- Markham
- Peterborough
- Cambridge
- Oshawa
- Vaughan
- Caledon
- Halton Hills
- Milton
- Burlington
- Oakville
- Richmond Hill
- Stouffville
- East Gwillimbury
- Georgina
- Uxbridge
- Pickering
- Ajax
- Whitby
- Clarington
- North York
- Etobicoke
- Barrie
- Scarborough
- Innisfil
- Newmarket
- Aurora
Nunavut
- Iqaluit
Nova Scotia
- Halifax
Quebec
- Quebec City
- Montreal
New Brunswick
- Fredericton
- Moncton
Newfoundland and Labrador
- St. John’s
- Regina
- Saskatoon
Prince Edward Island
- Charlottetown
