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Shield Funding Announces New Business Loans for Women Program
Shield Funding announce the release of their new business loans for women program. It is a new initiative to contribute to the advancement of women in business and as an incentive the company will not charge application fees or closing costs.
By: Shield Funding
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.