FAQ
Many frequently asked questions are listed below.
Are WomenVenture classes and services open to men as well as to women?
Yes, about 11% of our clients are men. WomenVenture does not discriminate by gender. There are a few classes or services that are exclusively for women. Those are noted in the catalog and in online class descriptions.
How long does it take to get a business loan?
Once you have had one of our Business Consultants review your business plan and other required documentation, it generally takes 6 to 8 weeks to process the loan, depending on the amount requested.
Do you write business plans?
As an entrepreneur, it's up to you to write your business plan. WomenVenture offers one-on-one Business Consulting, so you have expertise and guidance as you draft your business plan. Our Planning to Succeed course also focuses on everything you need to know to write your business plan.
Do you have grants for business owners?
No, at this time WomenVenture does not offer grants. Talk to your local library reference desk to help you research grant programs or do an Internet search with the keyword "grants." You can also contact your local Neighborhood Development Center or Chamber of Commerce.
Do you have business loans?
WomenVenture offers access to capital through microloans, from $500 to $50,000, to qualified new and existing businesses. We also partner with a variety of lending institutions on larger financing needs. If you're interested in applying for a loan please book an appointment with a Business Consultant by calling 651-646-3808.
How can I get a business loan?
In addition to the loan application, applicants must provide a solid business plan with cash flow projections for two years. WomenVenture teaches you how to create cash flow projections as part of the Planning to Succeed course, or you can receive one-on-one guidance through Business Consulting appointments. Our Planning to Succeed course is also an excellent way to become skilled at creating your own business plan.
Does WomenVenture charge for classes and services?
Yes. Prices vary depending on the service.
If I can’t afford the tuition or fees, may I get classes or services free of charge?
WomenVenture offers a sliding scale based on household income and household size. You may qualify for a tuition reduction of up to 50% off the published prices of Entrepreneurship Path classes and services, and/or up to 50% off Career Building Path classes and services. In addition, women with low incomes who are interested in pursuing traditionally male-dominated careers may qualify for our free Women Can Do It! program. Please call 651-646-3808 to request a sliding fee scale application. Applications are also available at WomenVenture and at all The Best Place to Start free orientation sessions.
