It is the golden-era for entrepreneurs. With the horde of self-made millionaires popping up every now and then on the horizon, the playing field has widened. New York alone boasts of over 359,000 women entrepreneurs.
Business loans offered by firms have been discretionary until now, with women receiving a smaller share of total business loans as compared to their male counterparts. However, recently New York State has taken the unprecedented approach to back the female entrepreneurs. To empower this growing breed of female entrepreneurs, the state has facilitated several women-only business grants.
What’s really commendable is that several business foundations have stepped forward to empower by granting Business Loans For Women Entrepreneurs.
- FedEx Think Bigger — Small Business Grant Program:
- The Fedex grant program offers a business loan up to $200,000. The selection of the deserving candidate is done by a panel judge verdict as well as general public votes.
- The Cartier Women’s Initiative Awards:
- A joint venture by Cartier, McKinsey & Company and INSEAD business school, this grant program is one of the most prestigious Business Loans For Women. Naturally, the eligibility criteria and competition are quite high. However, the winner gets to take home a business capital of $100,000.
- Chase Google — Mission Main Street Project:
- This grant is a result of a partnership between JPMorgan Chase and Google, which in 2015 offered each of the best 20 business ideas a sum of $100,000 as a business grants. And the winners get an incredible opportunity to visit Google headquarter.
- Walmart Women’s Economic Empowerment Initiative (WEE):
- Though specifically focussed on backing non-profit organizations, the Walmart Foundation has globally given $1.4 billion in 2017 alone.
- The Tory Burch Fellowship:
- Accompanied by a year-long fellowship at Tory Burch Headquarter, this program offers $5000 as a business grants to 50 finalists every year.
