Funding your dreams: Resources for women seeking business loans in 2025
Being a female business owner may be easier in 2025 than in past years – even if it seems daunting to pursue your dream of entrepreneurship.
With women-owned businesses hitting a whopping 39% last year, funding opportunities and support systems specifically designed for women are more prevalent than ever. From enhanced SBA loan programs to an influx of private grants, the path to entrepreneurial success is expanding and business loans for women are a vital part of this process. Read on to check out the resources for your women-owned business.
Resource #1: SBA loans for women
Small Business Administration (SBA) loans designed for women-owned businesses can give entrepreneurs access to capital that’s often unavailable through traditional lending channels. The SBA’s Office of Women’s Business Ownership (OWBO) has district offices depending on your region, you just need to enter your zip code on the SBA website.
The SBA also provides resources and support, such as Women’s Business Centers (WBCs), a nationwide network of entrepreneurship centers designed to support women in starting and growing small businesses. These centers offer free or low-cost counseling to learn more about loans, including learning how to get access to credit and capital.
Resource #2: Grants for women entrepreneurs
Grant opportunities for women-owned businesses can be found through federal agencies, state and local governments, and even private foundations. Federal programs like the Women-Owned Small Business Federal Contract program provide loans or grants to meet the government’s commitment of giving 5% of their contracts to women.
On a state level, many offer contracts through their economic development agencies, often focusing on specific industries or geographic areas. Private foundations, such as Ladies Who Launch and The Tory Burch Foundation, also provide grant opportunities. To find relevant grants, resources like Grants.gov, the SBA website, and foundation directories are a great place to look.
Resource #3: Alternative lenders focused on women
Online lenders and specialized organizations are increasingly filling the funding gap for female entrepreneurs. These companies can often prioritize factors beyond simple credit scores, mainly an entrepreneur’s business plan strength and community impact.
There are also community development finance institutions (CDFIs) that help underprivileged populations get access to financial resources, such as the Women’s Founders Network or Women Venture. And with the right connections, entrepreneurs might also have the chance to connect with female angel investors that can mentor, advise, and fund their ventures.
Resource #4: Women-specific crowdfunding platforms
Crowdfunding has also become a viable alternative funding option, allowing women entrepreneurs to raise capital from a large pool through online platforms. This method not only gets businesses off the ground but also gives them a powerful marketing tool that comes with brand awareness and a community of supporters.
Platforms like iFundWomen and Honeycomb Credit specifically cater to women-owned businesses with crowdfunding resources, grant lists, and more. These platforms tend to often emphasize storytelling and community engagement, giving a more personal edge to the usually distanced and sterile act of funding a venture. Additionally, there are different models of crowdfunding that accommodate for flexibility, including donation-based, reward-based, and equity-based.
Resource #5: Networking and mentorship programs
Joining organizations specifically designed for women entrepreneurs can significantly expand access to financing opportunities. These groups can give entrepreneurs in-depth knowledge of grant programs, loan options, and investor connections that may not be publicly advertised. Mentors can offer guidance on crafting loan applications, refining business plans, and navigating all the various complexities of securing funding.
These organizations frequently host workshops, seminars, and networking events both online and in-person where entrepreneurs can connect with potential investors or lenders willing to give you a loan.
Make your dream into a reality
Funding your dream business doesn’t have to feel like climbing Mount Everest. From SBA loans to grant opportunities, online lenders, and crowdfunding platforms, there are a body of groups catering just to the needs of female entrepreneurs.
But it’s not just about the money – mentorship and team building are imperative to the success of a new business. The bottom line is this: leverage your resources and don’t be afraid to hustle, because success is out there if you just look in the right places.
