Women business owners currently make up one of the fastest-growing business segments in the UK, but it can still be difficult to find the right loan. Small business loans for women are available from several providers and fall into three categories:
- Short-term loans – provides the capital required to start your business
- Intermediate-term loans – often used to pay for essential equipment – repayment typically over one to three years
- Long-term loans – ideal for assisting start-up businesses – allows repayment from between three to seven years
If you are considering a small business loan for women, you should ensure that you have a realistic repayment plan in place before taking out your loan.