Walt Disney once said, “If you can dream it, you can do it.” An inspiring thought, but of course, business success takes more than simple dreams. Success requires grit, operational ability, and funding. Financing your business may seem daunting, but it is essential to have the funds you need. The great news is that with the significant growth in women-owned business enterprises, there are now many more great funding options to explore.

What Are Some Likely Uses for Business Funding?

The “drivers” of business growth and success require funding:

  • Development of innovations which will lead to unique offerings for your business. 
  • Employ modern methods of marketing including digital and social media. 
  • Provide adequate working capital to handle operating expenses and a growing payroll. 
  • Invest in office space and capital equipment. 
  • Increase inventories.  

Funding Sources

Here are some potential funding sources for women-owned business. The key is to start right away. Applying takes time and you’ll want to have funding lined-up in a timely manner to fit with your business plans. And, it is important to note that the application process will help you be a stronger business owner and a more proficient funding applicant.

Traditional Sources

  • Bank loans
  • SBA loans

Grants for Women-Owned Business

  • Grants.gov provides a database of resources to search for federally sponsored grants. 
  • There are various economic development agencies across the country that will help small business owners grow their businesses. 
  • A wide range of specific grants includes The Eileen Fisher Women-Owned Business Grant; the FedEx Small Business Grant, The American Association of University Women, and many more.  

Specialized Loans for Women-Owned Business 

  • Wells Fargo, one of the leading lenders for women-owned business. 
  • Operation HOPE-Small Business Empowerment Program  

   Other Considerations

  • Angel Investors and Venture Capital Companies 
  • Crowdfunding  

Seek Expert Advice

Contact the financial experts at Business Financing Corporative in Atlanta, GA. They are known for having diverse and flexible commercial finance services.  Their financial professionals can help you secure appropriate funding to make sure your business’ financial needs are met.