Startup and expansion funding for women-owned businesses in California’s Santa Barbara and Ventura counties.
Best for women- and minority-owned businesses that have struggled to qualify for a bank loan and want business training.
Pick something else if you want to avoid fees or need money fast.



Min. Amount


Max. Amount


Product Name Women’s Economic Ventures
Min. Amount $250
Max. Amount $150,000
Loan Term Up to 7 years
APR 10% to 15%
Requirements Santa Barbara or Ventura County California resident; demonstrated business experience or training; own at least 51% of business; written business plan for loans over $5,000; US citizen, permanent resident or have an ITIN number Legal states or regions: California

First, do I qualify?

WEV requires business owners to meet the following requirements:

  • Resident of San Barbara or Ventura County for at least a year
  • Own 51% of business or more
  • US citizen, permanent resident or have ITIN and filed taxes in the most recent year
  • Have a written business plan if requesting a loan over $5,000
  • Eligible experience

If you haven’t already owned a business, you must complete WEV’s 14-week Smart Entrepreneurial Training (SET) course or show that you’ve received equivalent business training somewhere else. If you want an expansion loan, your business must be around for at least one year.

What makes WEV business loans unique?

WEV offers the tools to make sure that business owners are set up for success — and goes beyond what many other microlenders offer. You can’t receive funding if you don’t have business training, which WEV offers on a sliding scale.

When you apply, WEV takes a close look at what you need to make sure you’re getting terms your business can work with. The upside is you can get approved even if you have bad credit, are just starting out or don’t have a Social Security number.


  • Large amounts for a microlender
  • SBA funding available
  • Low maximum APR for a microlender
  • Access to business training courses
  • Spanish-language applications available


  • Application and origination fee
  • Only available in Santa Barbara and Ventura counties
  • Requires presentation to committee for loans over $5,000
  • Turnaround of four weeks or longer

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