Business Loans for Women Demand Surges According to Raharney Capital

NEW YORK, May 28, 2013 /PRNewswire/ -- Women outpaced men in demand for business loan alternatives according to Raharney Capital's analysis of self-originated financing inquiries. The study examined all inquiries this year from January 1 to May 26. 52% of the applications were gender-identifiable as female, with the remainder being gender-neutral or male. According to the National Women's Business Council (NWBC), 28.8% of all U.S. nonfarm firms are women-owned, but 77% of women-owned firms are primarily founded by their owner(s) with $5,000 or less in capital. While women business owners are clearly a minority, their lack of capital resources at startup may explain why they have a particularly high demand for financing later on.

In response, Raharney Capital has set up an application page for women business owners specifically at http://merchantcashadvanceindustry.org/businessloansforwomen.php.

17% of this year's underbanked merchants do not accept credit or debit cards as a form of payment, up from 15% in 2012. 41% do accept credit or debit cards, but not enough to make traditional merchant cash advance financing worthwhile, an 8 point increase from last year. The threshold used is $2,500 in monthly average card processing revenue.

12.4% of respondents to Raharney Capital's FICO score poll believed their credit score was above 700 at the time they applied. 25% believed their score was between 600 and 699 and 15.2% were unsure. These statistics support Raharney Capital's belief that business owners are having trouble obtaining traditional financing even with fair, good, or excellent credit.

"We examine the trends on an ongoing basis," said Raharney Capital founder, Sean Murray. "Many financial indexes analyze the approval rate of loans, but a lot can be learned by studying the demand itself. It helps us apply custom-tailored solutions faster."

About Raharney Capital, LLC

Raharney Capital, LLC is a financial networking service, not a lender. Approval decisions are determined and handled by a third-party. The company helps existing small businesses of virtually all sizes and credit history backgrounds connect with an appropriate firm to service their needs. An approval is not guaranteed. The company also operates Merchant Processing Resource, the only merchant cash advance news outlet.

To apply, call 877-877-6894 or visit http://merchantcashadvanceindustry.org.

SOURCE Raharney Capital, LLC