Shield Funding Announces New Business Loans for Women Program

May 3, 2012 - PRLog -- Shield Funding today announced its new business loan program specifically targeting women business owners. There has been a tremendous surge over the last few years with women ownership in the business sector. With more and more women in business it is energizing the demand for business loan programs that specifically target women. The company believes it is a win-win strategy because women have proven to be savvy business leaders and the economy and women in general could really use this type of support

In an effort to make the program successful  the company is not going to charge any application fees or closing costs associated with any business loans for women. Additionally the company will also provide sufficient loan opportunities to women experiencing credit difficulties. Shield Funding wants to include as many female business owners as possible in the program and due to the state of the economy it is likely that many women who apply will have some sort of credit issues.

This program is not only a vote of confidence for women in business but it is likely to have a large impact on job creation in many smaller communities. It is the rural areas and inner city neighborhoods where female owned businesses are experiencing the largest growth.

With companies taking this type of initiative to assist female owned businesses it is likely to influence traditional loan programs offered at local banks. As of right now there are very few banks participating in loan programs for small businesses. The numbers are strikingly more dismal for female owned small businesses. What this new loan program at Shield Funding will do is establish a business loan history for many of these women. This will undoubtedly lower their borrowing costs in the future and lead to more expansion.

It is great to see a good company not only take the initiative to support the advancement of women but at the same time make healthy contributions to the overall economy. The more access to capital small businesses have the more likely they are to succeed. This type of initiative can also have a positive influence on the rural areas and smaller communities where female business owners are blossoming. We can only applaud Shield Funding for their efforts and look for other lenders in the industry to follow in their footsteps.