Emily C. Garman

by Marsha Silverman As of recent years, women-owned businesses in the United States have experienced significant growth and have become a substantial force in the economy. It is estimated that there are more than fourteen million women owned business generating over two trillion dollars in annual revenue. The growth in women owned businesses has been fueled by a myriad of reasons, is occurring across all age groups and serves a diverse number of industries.

Loading... by Marsha Silverman Retail sales reached a 4-year high of over $615B in December 2023 with yearly retail sales growing 4.6%. At the same time, lenders are tightening credit and businesses within the retail sector are showing signs of stress with higher late-stage delinquency rates and falling commercial credit scores. We see retailers seeking commercial credit less often, new originations slowing and lower lines over the past several months.

At some point in your entrepreneurial journey, you may need to borrow money (Don’t want to borrow? Check out our comprehensive list of small business grants for women). You have a myriad of small business loan options, but what’s the best choice for your business? Here’s our guide to understanding the types of small business loans for women and other financing available to you. In this article, we’ll cover the various types of funding you can pursue.