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As a woman in this day and age, there is no doubt that you’re disadvantaged. You may have a far harder struggle than your male counterparts. The good news is that the world is beginning to change. The government and many other organizations have taken steps to even the playing field. As a female entrepreneur in today’s society, you should know that there is assistance out there. If you need funding, you need to read the information below and learn where you can find help!
Find A SBLF Participating Bank
The U.S. federal government has gone to great lengths to help small businesses. The Small Business Lending Fund dedicates money to certain community banks and loan funds to help provide small businesses with money. The goal is to help banks and small businesses cooperate, create jobs, and boost economic growth across the nation. If you’re lucky, there is a chance that you’ll be able to get a loan from a bank that participates in the SBLF program. Visit the official website of the Department of Treasury to learn more about this program.
The Office Of Small And Disadvantaged Business
The Department of Treasury has numerous programs to help small businesses. Some of those programs are specifically designed to help disadvantaged businesses, including those that are owned by women. This office offers numerous benefits to female-owned businesses. For instance, you may be able to get a grant from this office. Simultaneously, they’ll be more than happy to provide you with tax assistance. Before doing anything, you should definitely get in touch with the Office of Small and Disadvantaged Business Utilization. There is a chance that they’ll help you!
Speak With Friends And Family Members
If you’ve turned your credit into a mess and have Medicredit on your credit report, you may not be able to acquire a loan from a normal lending institute. Thankfully, there are other ways to get funding assistance. For starters, you should consider chatting with your friends and family members. There is a good chance that they’ll be happy to throw you a few dollars. Also, be sure to check out peer lending. This is a great way to get the funding that you need, despite having poor credit. Remember that you can still get a loan, even if you have poor credit.
Innovateher Challenge
Finally, you should consider getting involved in the Innovateher Challenge. This annual competition is designed to help businesses that make products which better the lives of women and families. The competition is conducted by the United States Small Business Administration, so you can guarantee that it’s totally safe and legitimate. The reward varies. In 2017, the top winner received $40,000.
Small Business Development Centers
There are literally hundreds of small business development centers around the country. These institutions are usually located in colleges and universities. Along with this, these centers offer one-on-one business consulting that can help women develop sound business plans, find additional means of financing if needed, and show them how to research the market for their current niche.
