Alternative Finance Options For Women Business Owners To Expand Their Companies

Women can do what men can. Today, almost 40% of all small businesses in the United States are owned and managed by strong and lovely women. Aside from that, they had also helped millions of people by employing them in their company. Female business owners are known to generate more than trillions of income.

Despite their successes in the business industry, only a few banks and companies offer them financial options. If you are a woman and want to start or take your business to the next level, you must know the different finance options explicitly offered for females, such as microloans for women.

Credit Cards Designed Specifically For Women Business Owners

As a woman who manages a large enterprise, you may be looking for the best credit card that supports microloans for women

Look no further because we have gathered the best and most reliable credit cards designed to meet the financial needs of female business owners to expand their business.

Chase Ink Business Cash

If your business needs office machines and other supplies upgrades, you may consider applying for microloansat Chase Ink Business Cash.

You will love this credit card because it does not require you to pay yearly fees. In addition, you can redeem your card rewards in the form of travel or cash-backs. It also provides employee cards for free to give your dedicated workers peace of mind.

U.S. Bank Business Platinum

Another credit card for women that offers microloansis the U.S. Bank Business Platinum. Although most of its branches are in the U.S., it provides many benefits for female owners. One of these is its cashback rewards without paying annual fees.

Beyond that, you can also enjoy its 500 US Dollars welcome bonus after spending around 4,500 US Dollars-worth of net purchases you made within five months after applying for an account.

Ink Business Cash

Do you own a small business and want to apply for a loan to expand your company? If yes, you may use microloansin Ink Business Cash. The good thing about this credit card is it offers cash back rewards for purchases you make, such as phone service and office supplies.

In addition, Chase Ink Cash also provides you with 750 US Dollars as a welcome offer. Despite that, the company will not charge you even a cent for an annual fee.

Crowdfunding Platforms For Women Entrepreneurs

The best crowdfunding platforms are designed to help female entrepreneurs expand and improve their businesses.


One of the popular crowdfunding platforms for female owners is IFundwomen. Despite your religion, race, age, or business size, this platform will help you acquire capital for your business.


Another platform for women entrepreneurs is IndieGoGo, designed to help new entrepreneur owners raise funds for their organization. Aside from money, the platform also offers internet-based services and state-of-the-art products.

New Types Of Loans For Women Business Owners

Men can find different types of business loans to fund their companies. But, how about women? It seems like inequality is also notable in the business industry. But you don’t have to worry. Below are the new types of loans designed specifically to help women entrepreneurs.

SBA Loans

SBA (Small Business Administration) Loans are loans for women entrepreneurs, financial institutions, and online lenders. You can apply for a loan ranging from 30,000 US Dollars to 5,000,000 US Dollars. Note that this amount will depend on your loan type. In addition, your lender and the type of loan you applied for will determine your interest rates.

Term Loans

This type of loan allows company owners to borrow a lump sum of money that they should pay back within two years. You can apply for this loan from online lenders, credit unions, and banks. Beyond that, you can also obtain it from P2P lenders.

SBA Microloans

This type of loan is for some owners to fund their new venture. Compared to SBA loans, the amount of money you can get from SBA microloans is usually smaller, with a maximum loan of 50,000 US Dollars.

Peer-to-Peer Lending Networks for Women Business Owners

The following peer-to-peer lending networks provide low fees, competitive interest rates, and multiple types of loans.

Peerform – Known for their competitive loan rates.

Upstart – Offers high maximum loan amount.

Prosper: This allows you to change your monthly payment due.

Final Thoughts

Women entrepreneurs, we hope that this article has helped you find the best finance options to fund and expand your company.