Women have a vital role to play in our society, which is why there has been such a great push in recent years for small business owners to become involved in various projects designed to benefit women. This is a proven fact, as women make up the largest percentage of our population. Many see supporting these endeavors as a way to give back to the community and contribute to their personal success. While some people may question the wisdom of women-owned businesses receiving government funding, consider this: Women have historically and presently served as a vital part of the business community, regardless of size.
The number one sector in America that is led by women is the health care field. Women represent over 25 percent of all nurses and healthcare practitioners nationwide. In addition to this, the number of small business owners who are women-owned is steadily increasing. Small businesses are an important source of jobs, income and social status in our society. This is why there has been such a strong push for more small business owners to be involved in the various programs designed to benefit women.
Joann Weber, PhD, is an anthropologist at the University of California, Davis. Her research focuses on social structure and power in groups, and the ways in which groups interact with each other. One of the many grants that she has helped secure for research in the area of women and business, examines how women are economically regulated by gender, race and ethnicity in America. This particular program focuses on how women are affected by financial discrimination.
Another program that supports small business funding for women is the Small Business Administration (SBA). This agency was established by a Congressional act in 1990, called the William L. Ford Federal Direct Loan Program. Since then, SBA has provided direct loans to a wide variety of small businesses, both women-owned and – owned. The primary purpose of the SBA is to assist America’s small businesses to grow, and help them succeed.
There are various ways in which you can get business funding, regardless of what type of business you have. For women-owned small businesses, there are several programs that you can take advantage of. For example, the SBA provides guaranteed loans for small businesses and women owners. If you have proven your business plan is sound and is projected to make enough money to repay the loan, the SBA will then figure out how much risk is involved in loaning you money. They will consider the credit worthiness of your business, your past profits and how much you would be able to pay back the loan if you encountered any difficulties in your business.
There are also several grants available from the federal government for women-owned small businesses. The Small Business Administration (SBA) website contains a list of these programs. Many of these grants are not awarded every year and you must apply for them. This is why it is important to gather all the information you can before you start your application for a grant. However, there are grants that will provide you with cash awards even without a need to repay the grant.
If you have found a business that you believe can be a great opportunity for profit, you may want to look into small business funding. These days, it is more difficult for women-owned small businesses to survive. It has become even harder to find business funding because of the economic situation. If you have an idea for a business but cannot afford to start it, there are small business funding sources that can help. In some cases, small business funding companies will help you get your business started without any money or credit on your end.
The internet is a great way to find business funding. It is also a great way to find the perfect business for you. The online business world is much different than the retail or service world. Women-owned small businesses usually seek support from local government entities, which usually provide small business funding for women. There are also private grant opportunities available. Before you spend your time and energy applying for government grants, consider searching for private grants instead so that you can obtain the funding you need.