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Woman Business Loan Blog Posts

By First American Merchant

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4 Ways To Empower Females In Business

Women face a couple of challenges when it comes to operating their own businesses. Sometimes even getting a merchant loan (for women) is a struggle let alone getting the right sponsors to back you. But how do you rise above the setbacks of being a female entrepreneur year round? 1-Be the role model in your firm Be the bad boss and everyone will remember you for it; do not mismanage, mistrust or belittle staff based on gender when giving assignments. If you are privileged to be the woman leader at you company, be sure to make proper use of your […]

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Business Funding for Women

It’s no surprise that women face unique challenges when trying to get approved for business funding. Are you a woman having a difficult time in the business world? What business financing options do you have? Keep on reading this article and you’ll know. Business Funding for Women More and more women entrepreneurs are starting and growing businesses in the US. However, research in the field shows that it’s tougher for women-owned businesses to obtain outside funding as compared to men. So, what choices do women entrepreneurs have? Merchant Cash Advance (MCA) Unlike traditional business loans, a merchant cash advance is […]

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The Key to Getting Business Loans for Women Entrepreneurs

During the past 20 years, women-owned businesses have grown by leaps and bounds, accounting for nearly four-in-10 of the firms in the U.S. There were an estimated 11.6 million women-owned businesses in the U.S. in January 2017, according to the 2017 State of Women-Owned Businesses Report commissioned by American Express. Additionally, their businesses generated more than $1.7 trillion. Despite these statistics, women still have a more difficult time getting approved for loans than their fellow male entrepreneurs. It is not easy to explain why funding access is unequal. But, what women can do is research and focus on business loans […]

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Business Funding for Women Entrepreneurs

Women own more than 11.6 million of the firms in the United States, employ nearly 9 million people, and generate $1.7 trillion in sales, according to the 2017 State of Women-Owned Businesses Report, which was commissioned by American Express Open. Each year the number of women entrepreneurs grows and projections expect the numbers to continue to climb. Despite this, getting business funding for women entrepreneurs can be a real challenge. Only slightly more than 4% of dollars lent to small businesses each year are companies owned by women, according to a report prepared for the U.S. Small Business Administration and […]

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How You Can Grow Your Woman-Owned Business

Woman-owned businesses are making more and more economic contributions at rates that are higher than the national average. As of 2016, there were over 11.3 million woman-owned businesses in the US (a 45% increase since 2007), according to The 2016 State of Women-Owned Businesses Report from American Express. These businesses employed about 9 million people and generated more than $1.6 trillion in revenues. Getting officially certified as a woman-owned business has its advantages. For female business owners, there are certifications like the Woman-Owned Small Business (WOSB) and Economically Disadvantaged Woman-Owned Small Business (EDWOSB), which give women entrepreneurs access to resources […]

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Business Loans for Women Owned Businesses

Women-owned businesses made up almost 30% of all businesses based in America. They accounted for an economic impact of almost $3 trillion, thus generating or maintaining 23 million jobs, which is 16% of all the jobs in the US. In 2016, innovative companies were introduced by female founders. Women entrepreneurs earned millions to expand their businesses. Financing for Women-Owned Businesses It’s not too easy for women to get access to working capital. It can be challenging for them to obtain business financing from traditional lenders to grow their business. To give approval for a small business loan, traditional lenders can […]

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The Best Merchant Cash Advance Loan

To get access to working capital, you should find a reliable and trustworthy business loan provider to turn to. If you’re interested in merchant cash advance companies, consider applying to firstamericanmerchant.com. First American Merchant is a reputable and award-winning business loan provider and high risk processor that can help you take your business to new heights. First American Merchant offers: Merchant Cash Advance ACH Program High Risk Business Funding Consumer Financing With FAM, you can enjoy the following benefits of merchant funding: Fast Funding – You can have funds in your bank in as little as 72 hours. No Hassle […]

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A Spotlight on the Growth of Hispanic Business Owners

It turns out that the United States is a home for many aliens of Hispanic origin. According to a report by the Census Bureau, approximately 55 million Hispanics, just about 17% of the whole nation’s population reside in the U.S. Moreover, there are over four million businesses owned by Hispanics throughout the U.S. What’s more, according to the United States Hispanic Chamber of Commerce, Hispanic-owned companies have recorded a notable boost in revenue amounting to more than $660 billion. And this is contributed to by the fact that entrepreneurs of Hispanic origin have been establishing businesses 15 times the country’s average […]

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Benefits of a Startup Cash Advance for the Minority Business

For the minority-owned business, it can be incredibly difficult to secure a traditional loan for various reasons. For example, discrimination against the owner’s credit score or the business’ location. If the business is part of an industry considered to be “high risk” by traditional lenders, it will even more difficult to secure the working capital needed. Just like any other business, without sufficient cash flow the minority-owned business will be unable to cover expenses, purchase inventory/equipment or fund growth and expansion. For this reason, many businesses turn to alternative lenders like First American Merchant. An alternative lender typically specializes in […]

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Why Is It Challenging For Women Entrepreneurs To Get Business Funding?

Compared to men entrepreneurs, women business owners face more challenges when getting approved for business funding. Since access to business capital is necessary for business growth, this is a serious problem. Disadvantages for Women Entrepreneurs Women get approved for business loans less often as compared to men. Women entrepreneurs get approved for only 16% of all conventional business loans made in the United States every year. Women only get 80% of the capital men do. This means, to make new products, hire employees and expand their business, women have 20% less capital to use. No matter what type of loan […]

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