A great place to start your search for women-owned business funding options is through the Small Business Administration's Office of Women's Business Ownership. Though the OWBO does not offer funding, they do provide an excellent list of directories and local resources women have found useful when starting new professional ventures. Whether you want to open a bakery, start a home healthcare company or even open your own law practice, you will want to start here.
There are several different options available to women seeking funding for their new or existing businesses. Some female professionals choose to work with a venture capital company. Many of these companies provide credit and funding through micro-lenders; that is, investors willing to lend sometimes small sums of money at a greater risk for interest or company equity. Companies that fit this bill, such as the Women's Venture Fund of New York, also offer counseling and business services to their clients to see to it that more women-owned businesses survive and thrive.
You may be surprised to learn exactly how many small businesses in this country are owned and operated by women. According to the most recent study conducted by the National Women's Business Council, the US has over 7.8 million women-owned businesses and growing. The rapid rise in this sector is great news for female entrepreneurs and the economy, but how can you become one of the 7.8 million and really kick start your small business?