Funding Your Dreams New Loans for Women Entrepreneurs
The Unique Challenges Faced by Women Entrepreneurs
Securing funding is a hurdle for all entrepreneurs, but women often face additional barriers. Studies consistently show that women-owned businesses receive less funding than their male counterparts, even when controlling for factors like business plan quality and revenue projections. This disparity stems from a combination of factors, including unconscious bias in lending decisions, a lack of access to established networks, and difficulties in demonstrating sufficient creditworthiness due to historical underrepresentation in traditionally lucrative fields.
Why Access to Capital is Crucial for Women-Owned Businesses
Access to capital is the lifeblood of any growing business,