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Old 7th July 2013, 09:24 AM   #9
phanio
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Join Date: Feb 2009
Location: Texas
Posts: 261
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Quote:
Originally Posted by joya View Post
There are many programs/ services provided to Women. SBA also provides services for women and makes for small business loans.The SBA 504 program is designed for women business.
Not true. The SBA does not have programs based on gender - it is illegal. The 504 program is a community based loan program for local small businesses seeking to purchase commercial real estate or business equipment that requires the borrower (man or woman) to put down 10%, the community development company will guarantee 40% and the lending bank with the SBA will guarantee the remaining 50%. nothing here are gender.

You could do an online search for one of the many 'women helping women' groups out there. They may know of lenders that - while do not provide specific loans just to women - but may give women the same chance as men - all based on the business's wherewithal.

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