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Where can smart experience women find funding to start a small business in manufacturing?

by pfbrown, Window Shopper

  • Created: December 18, 2012, 8:06 pm
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5 comments
I know many females that do not wish to work for other companies. The hard task is getting the funding, yet most will use real estate for some of the startup funds.Share with me.
Tags: Discuss Popular Topics, Loans & Grants
‹ Non profit Veterans support organization requesting grant help. Financing ›

Joy Heinsohn | Window Shopper | 12/19/2012 - 12:17 pm

I am a 42 yr old woman looking for grants or loans to help my company get up
and running. Where do I go to get help?

BizResearcher | Window Shopper | 1/1/2013 - 12:33 am

Show Replied Text…
I am a 42 yr old woman looking for grants or loans to help my company get up and running. Where do I go to get help?
Joy, grants are not generally available to for-profit businesses unless you
have invented a new technology. Therefore, you need to look for a loan. Check
the resources JGabriel listed to find someone who may be able to help you.

JGabriel | Community Moderator | 12/20/2012 - 10:08 am

Show Replied Text…
I am a 42 yr old woman looking for grants or loans to help my company get up and running. Where do I go to get help?
Hi Joy, check out the resources I provided below.

JGabriel | Community Moderator | 12/19/2012 - 11:46 am

SBA has resource partners like SCORE, Women’s Business Centers and Small Business Development Centers located across the country that provide free business counseling to individuals looking to start or expand a small business. Visit our local assistance guide to find your local SBA resource partners by entering your zip code.

BizResearcher | Window Shopper | 12/19/2012 - 11:23 am

I am not sure I fully understand your question. Are you interested in
starting a manufacturing business and want to know how to obtain the funds?
If so, first let me say that the only time you have an advantage as a woman
in business is when you are contracting with the government. Otherwise, your
sex has no bearing on your ability to secure a loan. What matters is your
ability to repay the loan.

Banks don't make loans for 100% of start-up costs. They expect you to have
some personal investment in the business, usually 20% to 30% of the needed
funds. You also need collateral for the loan, which is where real estate may
come in. Many people secure start-up funds from family and friends. You might
also look into leasing equipment rather than purchasing it.