Merchant Cash Advances and How They Can Help Businesswomen

Small business loans are often difficult to obtain for many aspiring female entrepreneurs. Many potential business owners, especially women, have marched into a bank with a dream, a stellar business plan, and the notion that no bank would turn down such a fantastic business venture, only to leave the bank disappointed, searching for other avenues of credit.

Even established female-owned businesses often have difficulty obtaining expansion loans and lines of credit. Women frequently encounter more hurdles than men do when applying for a small business loan. Small business loans for women are often denied by traditional lenders based on a number of factors that more frequently apply to female business owners.

The absence of a solid credit and employment history can derail small business loans for women. Many women who have spent years raising children and working as homemakers have not had opportunities to establish personal credit histories. Frequently, the credit cards and payment histories are in the husband’s name. Women are also often unable to show a long-standing and reliable work history. Despite these facts, however, many women have been successfully running small businesses for years and managing their household finances, even where traditional banks just see zero credit and a spotty work history.

Another alternative source of funding is borrowing against future credit card transactions. An established, female small business owner can often qualify for a cash advance secured by future credit card receivables. This funding is typically available to a small business owner who can demonstrate monthly credit card processing amounts of at least $3,000 to $5,000 over a period of 12 months.

Merchant Cash Advance is here to help women entrepreneurs succeed in building their dream businesses.