All new business owners need as much capital as they can obtain. With female-owned firms accounting for an estimated 11.6 million small businesses in America, that financial need is especially important for female entrepreneurs.
Statistics show female entrepreneurs are less likely to receive small business funding than their male counterparts and are more likely to receive a shorter-term loan with less capital and significantly higher interest rates.
Fortunately, several lenders, nonprofit organizations, and corporations have acknowledged the unique disadvantages faced by female entrepreneurs and begun to offer grant money to support self-employed women.
From federal grants to state grants, the experts at ZenBusiness have pulled together 11 grants offered to women-owned startups to help jumpstart their businesses.Eileen Fisher Women-Owned Business Grant
Amount available: Between $10,000 and $40,000