We have secured some funds which allow us to have a fund dedicated to supporting women, either starting a business or securing its future.
Women are 14 times more likely to live in poverty, and less likely to secure full time paid employment because of disproportionate care responsibilities, culture, and discrimination.
And for that reason, the social impact of lending to women is greater. Self employment and entrepreneurship allows a woman to build a business around the other commitments in her life, but it also offers some unique challenges that we want to help with.
That’s why we have a dedicated loan fund for women, with a network of specific support, aiming to help increase their representation in business from the current, alarmingly low, 17%.
Maximum loan value: £10,000 for startups; £35,000 for trading businesses
Term: 6 months to 5 years
Interest Rate: 8-14%
Upfront Fee: Min £500, max 10% of loan value
Personal Guarantee: May be required in certain circumstances