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Business Loans for Women

Are you a female business owner seeking finance and are based in the South West? If so, our Business Loans for Women could help you.

What are Business Loans for Women?

Business loans for women are financial support designed to help female entrepreneurs grow and expand their businesses. These loans can be used for various purposes, such as buying equipment, expanding operations, hiring employees, or covering working capital.

At SWIG Finance, we offer funding solutions for women-led businesses based in the South West. We have experienced and dedicated business managers to provide support and guidance throughout the application process and for the duration of the loan.

Our decisions are made by people, not computers, which means that we lend by looking at the bigger picture.

Our business managers provide support and guidance throughout the application process, and for the duration of the loan, to give our customers the best chance for success.

What are the Barriers for Female Entrepreneurs?

Women entrepreneurs often face a range of challenges that can hinder their ability to grow and succeed in business. These barriers can include a lack of supportive networks, gender bias and discrimination, together with the challenges of balancing work and family responsibilities.

Furthermore, it’s widely reported that female business owners experience limited access to funding and are more likely to have a negative response to their request, and as a result,  female business owners are less likely to apply for external finance and forgo growth opportunities.

Here at SWIG Finance, our customers are assigned a dedicated local business manager who will work with them to ensure that you are borrowing the appropriate level of funding to help you achieve your goals.

It’s worth noting that we do not use automated credit scoring methods and we judge each business on its own merit.

SWIG Finance is committed to breaking down financial barriers for women by providing access to affordable financial solutions, along with guidance and support to help women entrepreneurs overcome the challenges they face.

We believe that business finance is a catalyst for unlocking growth opportunities, and these opportunities should be equally accessible to all business professionals regardless of their gender.

To affirm our commitment to supporting women in business, SWIG Finance has pledged to the Investing in Women code to support the advancement of female entrepreneurship across the South West.

What can our Business Loans for Women be used for?

Our business loans for women can be used for a wide range of purposes, including: purchasing or upgrading equipment, funding new projects or product lines, providing working capital and hiring new employees. Loans can also be used to fund expanding operations or opening new locations. 

We understand that every business is unique, and we work closely with our customers to agree on a loan that meets their specific needs and supports their business goals.

What are the other benefits of our loans for women?

As well as receiving the funding your business needs to grow, you will be assigned a dedicated, local business manager to provide support and guidance throughout the application process and for the duration of the loan. 

Our business managers will support you and also act as a signpost to other support networks and businesses that may be able to help you achieve your goals.

Why do Women make the Best Entrepreneurs?

Research shows that women entrepreneurs are highly resilient, adaptable, and innovative. 

They often bring a unique perspective to business, and they tend to be highly focused on building relationships, establishing trust, and creating supportive networks.

Women entrepreneurs are also proven to be more likely to reinvest profits back into their businesses in order to grow and expand. This allows them to create sustainable businesses and create more jobs in the local economy. 

Additionally, research has found that women-owned businesses tend to be more profitable than their male-owned counterparts. This may be due to their ability to create cost-effective solutions, their focus on customer service, and their ability to collaborate with other businesses in their industry.

At SWIG Finance, we believe that women entrepreneurs have the potential to be highly successful in business, and we are committed to providing the funding and support they need to thrive.

How much can I Borrow with a Business Loan for Women?

Our business loans for women range from £25,001 up to £250,000. These are available to SMEs that have been trading for over two years.

If your business has been trading for less than three years, we also offer Start Up Loans, which range between £500 up to £25,000 per director. SWIG Finance is part of a network of official Start Up Loans business support partners across the UK who administer the scheme.

How long does it take to get Approved for a Business Loan for Women?

Our approval process can vary depending on the complexity of your application, but typically, approval is usually with 2 – 3 weeks after receipt of the required documents.

Can I use a Business Loan for Women to Start a New Business?

Our business loans can be used to support the acquisition of existing businesses. If you are starting a new business, a Start Up Loan may be more appropriate. Visit our Start Up Loans webpage for more information.

We have Start Up Loans for businesses trading less than 3 years 

Is my business eligible for a business loan?

Businesses that are located outside of the South West region will not be eligible. The CBILS Scheme closed with effect from 31 March 2021. Learn more here.

Business Loan characteristics

Security
- Fixed & floating debenture taken (ranking behind existing charge holders, if appropriate)
- Unsupported personal guarantees are typically required for business loans

Information required to apply for a business loan:

– Last 2 years' full accounts (if available)
– Most recent management accounts 
– Cashflow forecast for a minimum of 12 months
– Last 6 months business bank statements
– Credit Report for all directors

Amount & Term

£25,001 – £250,000 repayable up to 60 months

Interest Charge

Charged at 12% ABR

Fees Arrangement

Fee of 5% charged at outset

“We chose to work with SWIG Finance because, unlike other lenders, at SWIG you can talk to a person. Ultimately, SWIG Finance were able to support our business by looking at the bigger picture – something which other lenders are not willing to do.”

Customer Testimonial, SME Business Owner

How to apply for a Business Loan​?

To apply for a Business Loan, you will need to complete our online application form.

Information we will need to assess your loan request:

  • Last 2 years’ full accounts (if available)
  • Most recent management accounts
  • Cashflow forecast for a minimum of 12 months
  • Last 6 months business bank statements
  • Credit Report for all directors

Apply now to take the next step in securing the funding your business needs.

Our Application Process

We assess each business on its own merit. To apply, please complete our online enquiry form below. Initial enquiries welcomed to establish suitability. Once we have received all the information we need to consider your application, the decision will be made as soon as possible.

Apply Now

If you’re ready to take the next steps, apply now!

Tips & How-To Guides

Here you will find practical tips and how-to guides.

Got a question?

Give us a call today and we will answer any question you may have.

Is my Business eligible for a Business Loan​?

Business Loan characteristics

✓ Loan value from £25,001 – £250,000
✓ Finance for working capital or growth (e.g. equipment)
✓ Tangible security is not required
We are an accredited Recovery Loan Scheme lender
Terms & Conditions Apply

Apply now to take the next step in securing the funding your business needs.

Do you need to borrow less than £25k?

We have Start Up Loans available for businesses that have been trading for less than 3 years.

Apply for a business loan now

Please complete the below enquiry form and a member of the team will be in touch.

Should you wish to apply for a loan then please complete the following questions:

Here at SWIG Finance Limited we take your privacy seriously and will only use your personal information to administer your application and to provide the products and services you have requested from us. Please tick the box below to indicate your consent to us processing your data in accordance with our privacy policy.

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