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Office of Women’s Business Ownership (OWBO)
The SBA district offices work with the Office of Women’s Business Ownership (OWBO) to coordinate programs that support female entrepreneurs. Programs include federal contracts, business counseling, training, and capital and credit availability.
The OWBO oversees Women’s Business Centers (WBCs). These organizations work to level the playing field for all female business owners, who continue to face particular challenges in the industry.
Companies that receive support from WBCs have a much higher success rate than those that do not receive such assistance.
Find your nearest WBC Business ZIP Code*
Small and underprivileged businesses can compete in the market with the assistance of the 8(a) Business Development program. Consult WBCs, neighborhood resources for aid, and our Lender Match tool to locate funding.
Small businesses owned by women are also eligible to benefit from SBA loan programs. Our partners provide guidance and advice to assist in selecting the best course of action for your business.
Women-Owned Small Businesses (WOSB) Federal Contract program
This program helps women-owned small businesses compete for federal contracts. Understand the eligibility requirements before applying.
In order to meet the government’s five percent contracting target for women-owned small businesses, SBA also collaborates with federal agencies to expand contracting opportunities. Watch out for matchmaking occasions aimed at the public and private procurement sectors.
Need help? Get free business counseling
The National Women’s Business Council is a non-partisan federal advisory council serving as an independent source of advice and counsel to the President, Congress, and the U.S. Small Business Administration. The Council is the government’s only independent voice for women entrepreneurs, tackling important and relevant economic issues.
Get training online with DreamBuilder
DreamBuilder introduces participants to all areas of business ownership through a carefully crafted and engaging curriculum, featured in English and Spanish. At the conclusion of the program, women leave with a business plan to start their own business or develop an existing one.
Ascent Learning A free platform for women entrepreneurs looking to grow or improve their business.
FAQ
How hard is it for a woman to get a business loan?
According to the Federal Reserve, women-owned businesses have a lower chance of getting a small business loan than do men-owned businesses. To help close the funding gap, resources like government-backed Women’s Business Centers provide training and small business loans for women.
Can women get SBA loan?
Finance for women-owned small businesses Consult WBCs, neighborhood resources for assistance, and our Lender Match tool to locate funding. Small businesses run by women are also eligible to benefit from SBA loan programs. Our partners provide guidance and advice to assist in selecting the best course of action for your business.
What credit score do I need to get a small business loan?
That being said, a credit score of 680 or above is generally regarded as good, and it will qualify you for the majority of small business loans. Excellent credit is defined as having a score of 720 or above, which entitles you to the best terms and interest rates.
How easy is it to get a small business loan?
Securing a small business loan isn’t easy for every business. A business is evaluated based on a variety of factors, but in comparison to a new venture with low annual revenue or a bad credit score, one with a high annual revenue and a good credit score may find it easier to get approved.
Read More :
https://www.sba.gov/business-guide/grow-your-business/women-owned-businesses
https://www.nerdwallet.com/best/small-business/small-business-loans-for-women