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.

Is it easy to get a business loan for women?

To qualify for a business loan for women from Balboa Capital, your company needs to be at least one year old and generate $300,000 or more in annual revenue. In addition, you need to have a FICO score of 620 or higher and meet our additional borrowing criteria.

How do I apply for a woman-owned business loan?

Balboa Capital puts your convenience first with a simple business loan application that takes a few minutes to complete. Our loan application requires basic information about you and your woman-owned business. Loan requests over $250,000 require a financial package containing additional information about your small business. This includes two years of fiscal year tax returns, audited/reviewed financial statements, and current interims. Of course, every business’s financial situation is unique, so other requirements may apply.

What loan term lengths are available?

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

Can I get a business loan for women with a poor credit score?

If you have a low personal credit score, your woman-owned business loan, if approved, will have a higher interest rate. However, it is a viable option if you need immediate cash for short-term needs.

How long does it take to get a women’s business loan?

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 credit team member. As a result, credit decisions are made quickly, and we can provide funding on the same day during our regular business hours, so long as the application is approved and we have all the required information.

How do I access my funds once my loan is approved?

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.

What are business loans for women used for?

It is entirely up to you! Use the funds for business-related needs such as employee payroll, supplies and inventory, office rent, advertising, expansion, and business taxes.

Why should I choose Balboa Capital for my loan?

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).