Small Business Loans for Women FAQ

Get answers to frequently asked questions about business loans for female entrepreneurs.

Questions about small business loans for women? We have answers.

Caret down

In order to qualify for a business loan for women from Balboa Capital, your company needs to be at least one year old, and it needs to generate $300,000 or more in annual revenue. In addition, you need to have a decent credit score.

Caret down

Balboa Capital puts your convenience first with a simple business loan application that takes a few minutes to complete. Our loan application only asks for basic information about you and your woman-owned business. Loan requests greater than $250,000 require a financial package consisting of additional information about your small business. This includes two years of fiscal year tax returns or audited/reviews financial statements and current interims. Every business’s financial situation is unique, so other requirements may apply.

Caret down

Your rate will be based on several factors, including your credit profile, loan amount and loan term. Balboa Capital business loans have fixed payments, which is great because they are predictable and easy to budget for. Our online business loan calculator shows you estimated monthly payment amounts for several different term lengths. 

Caret down

Balboa Capital offers term lengths from 3 to 24 months for small business loans. Short-term business loans allow you to improve your credit rating because you are paying off the loan in a shorter amount of time. 

Caret down

You will be glad to know that Balboa Capital considers all credit scores. If you have a low personal credit score, your woman-owned business loan will have a higher interest rate. However, it is a viable option if you need immediate cash for short-term needs.

Caret down

Balboa Capital’s fast turnaround time is one of the things that sets us apart from the competition. After we receive your application, it will be reviewed by a member of our credit team. Credit decisions are made quickly, and we can provide funding on the same day that applications are submitted during our normal business hours.

Caret down

Once your Balboa Capital business loan is approved and everything has been signed and finalized, we will transfer your funds directly into your business bank account via an automated clearing house (ACH). You will be able to pull funds immediately after your bank clears them.

Caret down

It is completely up to you! There are no restrictions on what you can use your woman-owned business loan for. Use the funds for any business-related need you have, such as employee payroll, supplies and inventory, office rent, advertising, expansion, and business taxes.

Caret down

Balboa Capital has extended loans to female entrepreneurs in all industries nationwide. They look to us for fast, hassle-free loans with competitive rates and rapid funding. Lastly, we are a top-rated small business lender that is fully accredited by the Better Business Bureau (BBB).