Business loans for women are currently available from a variety of different funding sources. Some resources provide listings for private or government funding, or a combination of both. Since, for women in business, whether beginning entrepreneurs, or more experienced owners of sole proprietorships, partnerships, cooperatives, private limited companies (Ltd), or franchises— obtaining small business loans from banks and many loan companies may be next to impossible, business women must explore other avenues to receive business-related funding.
The two primary loan categories available today are conventional loans and government loans. As business loans for women, conventional loans can then be subdivided into conforming and non-conforming loan types. Conforming loans, which are controlled by certain stipulations defined by Fannie Mae or Freddie Mac, designate maximum loan moneys, down payment requirements, credit and income qualifications, and suitable property types. Non-conforming loans are ones which…
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