Federal Government Small Business Loans For Women!

Women's Small Business Loan Pre-Qualification Program

Up to $150,000!  

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Women's Small Business Loan Pre-Qualification Program

"Initiatives such as the Women's Pre-Qualification Program do much more than help their applicants secure bank loans. These programs reach out to the small business community in hometowns across the country to help change lives and keep families secure." 

The Federal Government's Women's Pre-Qualification Loan Program (introduced as a pilot program in 1994) is designed to increase the number of small business loans made to women business owners by helping them pre-qualify for Federal Government loan guarantees. Since the program's inception, the Federal Government's Small Business Administration has approved 614 small business loans for a total of nearly $63 million.

Geraldine Breite started her small business as a legal nurse consultant after her small business loan pre-qualification letter helped her get a $12,000 small business loan from the St. Louis Economic Council.

Rhonda Cline, a single mother with two children, started her hot tub business with the help of $170,000 small business loan from the Montana Women's Capital Fund.

Toba Marks of Skokie, Ill. opened a Kid's Time child-care franchise with the Federal Government's Small Business Administration-guaranteed loan of $60,000 she received from the Women's Small Business Development Center.

The levels of Federal Government's Small Business Administration-guaranteed lending to women business owners have increased by more than 300% since 1992, from 3,377 small business loans to 10,459 small business loans in 1996. 

These increases are partly the result of the Federal Government Small Business Loan Pre-qualification program, as well as other innovative Federal Government Small Business Administration loan initiatives, such as the LowDoc loan program.

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