The average loan for women is an average of $5,000 less than men receive for their startup businesses, despite our long-term successes so, where do we find the money? 

Though women are on average granted several thousand dollars less in business loans than their male counterparts, it isn't completely impossible for women to get their businesses funded. We wanted to know what lenders are offering a fair option to women in business and our search has provided a list of some of the best small business loans for women-owned businesses and we're here to pass along the best of the best..

Lendio is rated the best overall lender with a rating of 4.3 out of 5 stars of approval. A lending platform with many lenders and a variety of loans, they offer personalized guidance and expertise. They offer a variety of loans, and lenders and have a straightforward and easy application process. Though they are generally a wonderful option - there are some drawbacks in high-interest rates on some loans and reports of hard credit inquiries. 

Blue Vine, earning 4 out of 5 with loans up to a whopping 5 million dollars with more relaxed qualifications. Blue Vine is the best for larger cash flow loans for several hundred thousand to several million. Of course, because of the large loans, there are sometimes large fees and it isn't available in all 50 states.  

Next up, Fundbox. Earning 3.6 out of 5 overall stars, they're credited with having a much lower minimum credit score, low approval requirements, and a simplified automated application. This is the best option for those with lower credit scores. The drawback to this of course is higher APR and a lower maximum loan amount. 

Kabbage, the overall most convenient earns 3.1 out of 5 stars offers an automated approval process and super fast funding. It offers multiple ways to access funding and has no existing credit requirements. As it can be with loans without stringent credit requirements, it comes with high rates and APR, and confusing fee structures. 

Funding Circle is rated as best for peer to peer lending, with 2.9 out of 5 overall stars, is credited with low starting rates, and transparent costs. They're also credited with impeccable customer service. They do have some drawbacks including exclusive borrower preferences and they only offer secured loans. 

Kiva is best for microloans of $10,000 or less. The loans they offer are interest-free. Kiva - unlike some other lenders is actually structured much like a crowdfunding platform with qualifications meaning much less than the story behind your business. If you're looking for a smaller loan and have an amazing story, this is the loan for you.

Looking for more loans for women? Check out our source and learn about more business loans at Business.org.


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