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10 Places That Lend Money to Women in Business

Where Women Can Get Microloans to Start or Grow a Business


Are you a woman entrepreneur who wants to start her own business but lacks funding?  Don't give up.  Here are ten places that having lending programs for female business owner that make mircoloans to women, minorities, and small businesses.


Businesswoman in meeting in conference room
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ACCION USA is a private, nonprofit organization that provides microloans up to $50,000 and other financial services to low and moderate-income entrepreneurs, including women and minorities who are otherwise unable to access bank credit for their small businesses.

ACCION USA is NOT affiliated in any what with ACCIONNOW.com (a fraudulent website).

2. Delaware Access Program, The

The Delaware Access Program is based on a risk-pooling concept that allows women, minorities, and other small business owners access to loan programs they might not be eligible for through traditional lending programs.

The Delaware Access Program is fundamentally different from the traditional type of insurance or guarantee program, such as the Federal Small Business Administration 7(a) Program, which guarantees a percentage of a loan on a loan-by-loan basis.

3. Grameen Bank - New York

Nobel Prize winner Muhammad Yunus, founder of the successful Grameen Bank women’s microloan program in Bangladesh, has come to New York, the global center of capitalism, to do what American banks won’t do. He is lending money to poor women. According to their website, Grameen lends nearly $100 million in microloans every month.

4. Illinois Minority, Women, and Disabled Participation Loan Program (MWD/PLP)

Small businesses that are 51 percent owned and managed by women, minorities, or who are disabled may be eligible for microloans up to $50,000. All businesses must employ fewer than 500 full-time employees.

The Department's interest rate will be established at the time of its loan commitment. DCEO's interest rate on this program variation may be lower than on a regular participation. Funds available for this program can be used for a number of business activities, such as purchase and installation of machinery and equipment, working capital, purchase of land, construction or renovation of buildings. Funds cannot be used for debt refinancing or contingency funding.

5. Mississippi Development Authority - Capital Access Contract Loan Program

The Capital Access Contract Loan Program assists socially and economically disadvantaged businesses as designated by the U. S. Small Business Act by providing loans to borrowers with contracts with public entities who, for various reasons, might have difficulty in obtaining conventional loans.

Loan proceeds may be used for costs associated with a public construction project or a public construction related project, with the contract being used as collateral for each loan.


Loans are available to small business, disadvantaged businesses, and minority- and women-owned businesses.

6. Key Bank

Even during tough times, at least one bank is out there gunning for women in business. KeyBank has an impressive long-term record of lending programs for business women and has recently recommitted themselves to helping women entrepreneurs start, grow, and keep their businesses going during the recession.

7. Massachusetts Capital Access Program

The Massachusetts Capital Access Program (CAP) is designed to help small businesses (with less than $5 million in revenues) throughout Massachusetts obtain loans from participating banks. Using cash collateral guarantees from a loan loss reserve fund, this program enables banks to make loans they might otherwise be unable to grant.

8. The Loan Fund - Alternative Lending for New Mexico Women Entrepreneurs

Formed in 1989, the New Mexico Community Development Loan Fund is a private, tax-exempt organization that provides loans, training and business consulting to entrepreneurs, business owners and non-profit organizations throughout the state and the entire Navajo Nation.

Services support the efforts of low-income individuals and their communities to achieve self-reliance and control over their economic destinies.

9. Wisconsin Women's Business Initiative Corporation(WBIC)

WBIC offers microloans up to $100,000 with special programs for women small business owners. In addition to lending programs for women they also offer education programs, seminars, and business assistance and referral services.

The City of West Allis has teamed up with WWBIC to provide support to West Allis entrepreneurs. Through the use of Community Development Block Grant (CDBG) funds, WWBIC can lend up to $25,000 for small businesses in the city of West Allis.


WBIC does not lend to nonprofit organizations.

10. Women's Economic Ventures

Low interest business loans available to women-owned businesses in Santa Barbara and Ventura County in California. Loans for start-ups range from $1,000 to $25,000. Business expansion loans are available to women who have been in business at least 1.5 years with loans ranging from $5,000 to $50,000.

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