loan value up to $100,000 will be paid back in the event of default, and 75 percent will be paid to the lender on loans over $100,000 that default, with a maximum loan value guarantee of $750,000.

Small Business Administration loans for women offer lenders the security and guarantee that a loan will be paid back to the financial institution lending the money if the money is not paid back by the borrower. Small Business Administration loans for women are, therefore, a hugely powerful lending tool for women in business, including those women just entering the world by starting a new business, as well as women purchasing an existing business, or purchasing new equipment or supplies in an existing that they currently own but would like to expand upon in one or more ways. Women who may not otherwise qualify for a loan through a bank or other financial institution can turn to Small Business Administration loans for women for assistance.

It is important to keep in mind that Small Business Administration loans for women are not necessarily inexpensive loans. Interest rates tend to be at, or above, typical interest rates for commercial loans offered by other financial institutions and banks. In addition to this, there is a guaranty fee, typically 3 percent to 3.875 percent, based on the dollar amount of the guaranteed portion of the loan. Small Business Administration loans for women also offer a longer amortization rate than most commercial loans offered through banks and financial institutions. Working capital loans can be financed for up to seven years. Fixed asset loans can be financed for up to ten years, and real estate or construction of a building for can be financed for up to 25 years.

Before applying for Small Business Administration loans for women, it's crucial that all "homework" is done. Check your credit scores. If there are marks on your credit report, work to resolve them. Prepare to explain anything that cannot be cleared up, and be honest. Create have a written summary of your business, as well as a summary listing everything that will be purchased should the loan be approved. If the is already in existence, be prepared to show reports, bank statements, and receipts to verify that the loan payments can be made each month.

For more information on what the Small Business Administration offers in your area, visit http://www.sba.gov/regions/states.html, and click on the state in which you reside or will operate your business. Information available includes financing information, disaster relief information, counseling and training resource, opportunities, a start-up kit, local resources, and other extremely valuable tools for business.

Rebecca Game is the founder of Digital Women ®, an online community for women in business. A 30 year entrepreneur and dedicated to helping other women. Visit her site: Loans for Women http://loans.digital-women.com