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Small business loans for women to help you fly higher

56.4% Women in the UK Want To Start Their Own Business

This is the UK women entrepreneurs’ statistic. It shows how the number of female business owners is on the rise. When one has to run a company, there might be times when the support of external funding as small business loans, is required.

As compared to their male counterparts, women-owned businesses do not get enough financial assistance as required. This might be a case when they are applying to the traditional lending sources. However, you can get a loan amount ranging from £1000 to £25,000 for 1 year to 5 years with alternate borrowing options.

Figuralloans is a direct lending platform of business loans for women with rational deals and the feature of personalised pricing. Among the thousands of borrowers, we have a considerable number of women business owners. Those who fulfil the eligibility conditions for women's business loans can apply for these loans and get affordable offers.

Here is a table showing how the monthly payment changes accordingly when the amount and term change, with interest rates kept constant at 10% APR.

Small business loans for women to help you fly higher

Loan amount

12 months

24 months
£ 5000 £ 439/ month £ 231/ month
£ 10000 £ 878/ month £ 462/month
£ 15000 £ 1317/ month £ 693/month

** This example is given for reference. The actual terms and rates will differ.

How do business loans work?

Business loans work through a simple and predictable procedure that every fund seeker even first-time women entrepreneurs can follow easily without any stress. The terms and conditions are reasonable and not annoying. The process requires you to apply online for a business loan for women. Every loan deal comes with a commitment of timely fund disbursal after approval.

  • The applicants can visit our website to calculate the monthly and annual cost of a certain loan amount

  • After working on the cost statistics, apply from the website only through a simple application form

  • We study the financial and personal details through online verification to release a final decision.

  • Once approved, we provide the final loan agreement, and once it is signed, we transfer the money online.

Features of business loans for women in the uk

There are generic features for the loans, with some newly added ones to calm down the destruction caused by the corona pandemic. We try to satisfy the concern of the borrowers in every aspect. Whether it is about their concern on the maximum desired amount or the wish to get a lower rate, our team is always at work.

  • Loans designed specifically for women

    Unlike the other lenders, we design specialised business loans for the specific needs of women entrepreneurs. Customisation prepares the deal to suit everyone from an ambitious wife to a single mother.

  • Women relationship managers on-demand

    Sometimes, our women customers express the wish to have a female loan representative, and we happily fulfil that need. They are available from day to 11:00 pm in night.

  • Every deal accompanies doorstep service

    The women borrowers can also ask for doorstep business loans. As we have experienced many run their business from their home, it is a significant and flexible service ensuring online and offline support to them.

  • Best rates for women entrepreneurs

    With the aim to give more certainty to the women users, the loan deals carry the fixed rate of interest with APR varying between 6% to 18%. The borrowers can enjoy the fixed instalments without any anxiety about up and down in small business loan interest rates.

  • Acceptance to bad and fair credit score status

    The only mandatory condition to qualify for poor credit business funding is a strong repaying capacity. If the applicant can prove that, we can offer instant approval for business loans for women with bad credit.560+ credit score needed for small business loan. The incidents of delayed payments must not be consistent.

  • Change repayment plan in the middle of the tenure

    Financial issues can occur anytime irrespective of whether a borrower is in the middle of the loan tenure. In case of any issue, the borrowers can contact us to change the repayment plan to a more suitable one.


Extended amount limit for existing borrowers

Many existing borrowers for female start-up funding have exploited the opportunity of the extended loan amount. The borrowers with good payment history with us always get a bigger maximum limit next time.

  • The borrower who made regular repayments in the last loan can borrow larger next time
  • We also offer considerable flexibility in the rate of interest as a gift to promising customers
  • The relationship managers design the best possible deals depending on the past experience

Women entrepreneurs with no credit history can apply

The women who are planning to enter the business world and have no credit history should not feel weak. According to our market research, most women think that investors and banks do not take them seriously.

At Figuralloans, we judge two things -

  1. Strength of business plan: It helps us to go through the financial projections. Based on that, one can get start-up loans with no guarantor as a female entrepreneur.
  2. Financial capacity to pay instalments: An estimate of the expected revenue they can generate can help us assess their financial potential.

With these two features, the fund seeker can always find a way to funds and then succeed in her entrepreneurial journey. Beyond the stereotypical perceptions about women business owners, we offer loans with rational lending policies.


Give wings to small business with ample money

Success does not see the size of a business; it can visit any commercial entity that is doing good in its sector. There are millions of small size businesses that are earning huge from a little working space. The world is digitised now, and you do not need to own a particular infrastructure to start a business. Women are exploring this opportunity, and they are doing well, which is why we approve women entrepreneur loans on flexible terms and conditions.

  • We consider home-based business for loans.
  • The monthly and weekly business earning is our parameter to judge.
  • Consistent profit is what we want otherwise it is complicated for us.
  • No obligation of guarantor and collateral but financial stability is vital.

How to qualify for business loans for women?

The conditions to qualify for funds are simple because the complete procedure happens online. With virtual verification of the personal and financial details, the applicant can get funds in a short while. Way to money for business progress is convenient; the need is to arrange every condition perfectly. Proper application has no chances of rejection.

Why bad credit small business loans for women can still work?
  • For start-up owners, 6 months of the business account is necessary to own.
  • The business accounts should be well-organised and signed by a government registered accountant.
  • A business account with a saving equivalent to the instalments of up to 6 months.
  • Multiple applications with multiple search footprints are not suitable
  • Proper arrangement to maintain a good cash flow.
  • There should be a back-up plan to pay off the debt if business gets into a loss.
How to qualify as an existing business owner?
  • Business accounts of minimum two years and maximum of three years
  • Business accounts of minimum two and maximum of three years
  • A business account with the money equivalent to the instalments of at least up to 3 months
  • The applicant should not be in a debt trap or multiple debts
  • Stronger cash flow as compared to start-ups
  • Recent timely payment of business bills and debts is necessary

Why Figuralloans for business loans for women?

Our only aim is to keep the confidence of our borrowers high, which can happen only if they will get a good experience from us. With the help of multiple features and traits added to our lending services, we make things smooth.

  • Higher approval rate with 99%

  • Timely reminders for repayments

  • Simple application procedure

  • Competitive rate of interest

  • Personalised pricing on all deals

  • Payment holiday despite bad credit

  • Seasonal and festive offers

Figuralloans is always ready to support the spirit of businesswomen in the world of commerce. Our loan deal statistics always match the financial needs of the borrowers. We give certainty through logical calculations through a loan calculator. From thestart up business loans for women to the funding options for the established ones, we have easy funding choices.


FAQs

What are small business loans for women?

Small business loans for women have dedicated business funding products for women entrepreneurs. There is equipment finance for women entrepreneurs to sponsor the cost of equipment purchase. Thus, these loans for women-led start-ups can help them in plugging any small funding gap that exists in the business.

How is a small business loan for women different?

Small business loans for women are different from other grants for women entrepreneurs. These are available for single women or women who want to become self-employed. Get a women's business loan as a benefit recipient as well by establishing an efficient business plan and the ability to repay the loan.

Can I get a small business loan for women with bad credit?

The online marketplace of the UK does offer start-up loans for women with bad credit. However, you might not be able to get more extended funding, but approval is there on competitive interest rates if you approach a lender with flexible lending norms. In some cases, you can prefer having a guarantor or secured loans.

How do I qualify for a small business loan for women?

Given below are some general qualifying requirements for women business loan eligibility
  • You must have the capacity to repay the loan;
  • You have crossed 21 years of age;
  • You should have a working business plan;
  • You must be residing in the UK for the last seven years;
  • You should have had a stable income for the last two years.

What are the common uses of a small business loan for women?

Women business loan uses are categorized in the following ways

  • Starting own business
  • Adding infrastructure to your business
  • Opening company’s branch to another location
  • Consolidating business debts
  • Buying gadgets to set up in the office
  • Funding a new project
  • Hiring marketing expert

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