Are You A Female Business Owner Searching For Funding? Business Loans and Funding Options for Women
In the last decade the UK has seen a significant and welcomed rise in female business owners.
The latest report from GEM (Global Entrepreneurship Monitor) found that the number of women going into business rose by 45% over a period of three years. Better still, female led SMEs are estimated to have contributed £85 million to the UK economy in 2018 alone.
As the gender gap amongst business owners continues to narrow, it is of little surprise that more and more women are also searching for business funding to grow their initiatives. But, without access to the affordable and flexible funding that small businesses require, many SMEs could struggle to scale-up and achieve the success they deserve.
How much can I borrow?
Businesses that are eligible for funding can apply for finance between £1,000 – £500,000.
How can I apply for a Business Loan?
Business owners can apply for a Business Loan by using the online application form. The form is simply designed so that it can be completed in a matter of minutes.
Am I eligible for a Business Loan?
To qualify for a Business Loan your business must meet the following criteria:
- Business must be older than 6 months.
- Your business must make over £10,000 turnover
- A director with a UK address is required
- Must be a UK limited company or limited partnership
Why Are Business Loans for Women Hard To Obtain?
Business loans for women are particularly difficult to obtain from traditional financial institutions, such as banks. Many small businesses simply don’t meet the bank’s strict qualifying criteria and even if you are lucky enough to be accepted it’s highly likely that the terms of the loan won’t meet your business’ needs.
If you’ve been turned away by the banks in the past, or you’re concerned that a bank loan isn’t the most suitable financial option for your enterprise, we at For Kredit offer an affordable and flexible funding alternative which is available to all small businesses in the UK.
What can we offer Small Businesses?
At For Kredit we recognise the crucial value that female entrepreneurs and small businesses offer to the UK economy. To support the rise of SMEs we offer an alternative funding solution known as a Business Loan.
With our finance options your business can borrow between £1,000 – £500,000 in as little as 24 hours. There’s no need to prepare an extensive business plan to qualify and you get an instant decision on loans up to £25k.
Find out exactly how it works below.