Can a woman without a credit history get a business loan?

A woman with no established credit history may still be eligible for a business loan, especially under government schemes aimed at first-time entrepreneurs. Lenders may place greater emphasis on the viability of the business idea, the strength of the business plan, and the applicant’s educational or professional background. Providing collateral or a guarantor can improve the chances of approval. Some microfinance institutions and non-banking financial companies are more flexible with credit criteria for women starting new businesses. Building a credit history over time by responsibly managing smaller loans or credit products can further enhance future loan eligibility.