Develop and expand equity networks targeted to women-owned businesses. The lender expects to get paid back over a specified period. In order to make sure that the lender will be paid back, the lender determines if there is enough cash flow to repay the debt and asks for a lien on additional assets that can be sold to repay the debt if a borrower defaults. The business and borrower have sufficient collateral to offer as a second source of repayment. Working capital can often be included in a term loan.
Money is borrowed for short periods of time, can be repaid, and then is required again.
Most loan programs are offered in conjunction with a bank. If a special loan program is used the processing time can increase to 6-8 weeks.