{"id":8437,"date":"2018-03-08T12:45:14","date_gmt":"2018-03-08T20:45:14","guid":{"rendered":"https:\/\/www.tmcfinancing.com\/?p=8437"},"modified":"2021-05-10T20:30:04","modified_gmt":"2021-05-11T03:30:04","slug":"women-in-business-financing-options-sba-504-loan","status":"publish","type":"post","link":"https:\/\/www.tmcfinancing.com\/es\/women-in-business-financing-options-sba-504-loan\/","title":{"rendered":"Las mujeres en los negocios tienen opciones de financiamiento con el pr\u00e9stamo 504 de la SBA"},"content":{"rendered":"

\"\"International Women\u2019s Day is an opportunity to acknowledge the tremendous contributions women have made to the business world. Women are at the helm of some of the world\u2019s biggest corporations\u2014General Motors, Pepsi, Yahoo, IBM, Deloitte and Mondelez [Mondel\u0113z] among them\u2014and women own 10.6 million companies in the United States.<\/span><\/p>\n

This is also the time to recognize that there are still not enough women in business, and the world is missing out on an untold amount of talent and insight because of this shortage. Happily, even as women face barriers in the business world, there is abundant support available as well, in the form of mentoring, networking, grants and equitably accessible credit. The Small Business Administration (SBA) plays a leading role in providing this support, and the 504 loan is one of its mainstays. <\/span><\/p>\n

Leveling the Playing Field for Women in Business<\/b><\/h3>\n

\u201cThis generation of women has been brought up with this unspoken expectation of equality,\u201d a business consultant told <\/span>Entrepreneur magazine in a recent article<\/span><\/a> that documents the increasing presence of women in franchising. But there is still a long way to go to reach that equality in practice. <\/span><\/p>\n

One of the most basic impediments to women in business is lack of access to credit. This challenge is widely recognized and many ways have emerged for women to find support. Extensive lists available of <\/span>financing options<\/span><\/a>, including <\/span>grants<\/span><\/a>, tailored to women. Some finance companies offer non traditional financing methods such as factoring or business lines of credit for women business owners as well. <\/span><\/p>\n

Beyond providing a list of <\/span>women\u2019s professional organizations<\/span><\/a>, the SBA Office of Women\u2019s Business Ownership runs over 100 <\/span>Women\u2019s Business Centers<\/span><\/a> that strive to \u201clevel the playing field\u201d for women through training and counseling. The <\/span>SBA 8(a) Business Development Program<\/span><\/a> is another valuable resource for women, as are the <\/span>SCORE volunteer mentoring program<\/span><\/a> and the <\/span>Women-Owned Small Business Federal Contracting Program<\/span><\/a>, which helps woman-owned businesses receive federal contracts.<\/span><\/p>\n

There are <\/span>SBA funded microloans<\/span><\/a> and <\/span>other microloan programs<\/span><\/a> which are also valuable resources for women in business. Women in the San Francisco Bay Area can also take advantage of <\/span>Working Solutions<\/span><\/a>, a nonprofit organization co founded by TMC Financing CEO Barbara Morrison dedicated to providing microentrepreneurs access to capital and resources to start or grow a successful business.<\/span><\/p>\n

The role of SBA loans in financing woman-owned business was acknowledged by Entrepreneur\u2019s research on franchises. \u201cThe average SBA loan given to a female franchisee acting as the sole owner has risen roughly 22.5%\u201d between 2013 and 2017, the author noted. That compares to a 5.76% increase in loan size for male franchisees. \u201cIn other words, the women are catching up with the men,\u201d the article concludes.<\/span><\/p>\n

Advantages of the SBA 504 Loan<\/b><\/h3>\n

The accessibility and affordability of the 504 loan are among its greatest advantages. The vast majority of American businesses are eligible for a 504 loan. The main eligibility requirements are:<\/span><\/p>\n