Are there any specific loans for women in business?
Women represent half the UK’s population, but are the largest under-represented group in the UK in terms of participation in business. However, recent research suggests that women are increasingly likely to believe they have the skills to start a business. There is also evidence that women are more likely than men to seek out the business support and advice that can help them succeed. This is especially true for start-ups.
Once you have written your business and marketing plans, you will have a good idea of how much money you are going to need to get started. There are various options you can consider, which may include bank loans, loans from friends and family, venture capital and business start-up grants or a mixture of these.
There are various schemes to help fund start-up businesses, including specific funds aimed at female entrepreneurs.
One such group is Prowess, which is the UK association of organisations and individuals who support women to start and grow businesses.