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Bankrate insight. Between the SBA 504 and 7(a) programs in the 2023 fiscal year, 13,056 were approved for women-owned businesses of 50 percent or more, compared to the 42,409 approved men-owned ...
SBA 7(a) loans have loan amounts of up to $5 million and repayment terms of up to 10 years when used for working capital. It can take up to 90 days to receive funds, but the capped interest rates ...
Lender. Working capital loans. Top features. OnDeck. Term loan. Line of credit. Repayment terms up to 24 months. Loans from $5,000 to $250,000. Credit lines from $6,000 to $100,000
Bank of America. Line of credit, Term loan. Option for unsecured lines of credit with lower annual revenue of $100,000. Low annual revenue requirement of $50,000 for cash secured line of credit
This includes women, people of color, business owners of low-to-moderate income and immigrants. Applications for the most recent round of funding opened on February 15, 2024, and closed on ...
These can be banks, credit unions, loan funds or venture capital funds. CDFIs are financial institutions that aim to develop businesses in target markets, including minority and low-income areas.
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