An important, but rarely discussed, side of business financing
Getting a loan for your business can be difficult, especially as a female business owner. According to the Denver Post “A survey of businesses conducted this summer and released Wednesday found that 30 percent of companies owned by women were able to get bank loans during the previous three months, compared to half of all the owners surveyed. The survey conducted by researchers at Pepperdine University’s Graziadio School of Business and Management and Dun & Bradstreet Corp. questioned owners of companies with up to $100 million in annual revenue.
Only 21 percent of the women surveyed said they expected it will be easy to raise debt financing — essentially loans — in the next six months, compared to 44 percent of all companies. Fewer of those owners said they were likely to pursue a bank loan, at 67 percent compared to 75 percent of all owners.”
Similar data were reported by Business News Daily: “A study by the California Reinvestment Coalition found that small business loans given to female-owned businesses in California have dropped 70 percent since 2007, and it’s likely that other states have also seen a drop in small business lending to women.”
What can women who own businesses do?
Apply with lenders who work with female business owners, like Qualifunds. We offer loans and financing to all business owners. Visit us and see what solutions we can offer you are your business.