Women-Owned Businesses Lack Access to Capital

According to the 2012 Census report, women own 36% of all privately held businesses. They account for an economic impact of $3 trillion due to jobs they create and maintain. That's 16 percent of all U.S. jobs! Yet, one of the biggest issues for female success minded business owners is lack of access to capital.

According to a report issued by the U.S. Senate Committee on Small Business and Entrepreneurship, "women account for only 16 percent of conventional small business loans and 17 percent of SBA loans even though they represent 30 percent of all small companies. Of conventional small business loans, women only account for 4.4 percent of the total dollar value of loans from all sources. In other words, just $1 of every $23 in conventional small business loans goes to a woman-owned business."

And that's not the only issue women have with access to funds. Women receive just 7 percent of venture funds, and the percent of female venture capitalists has actually declined from previous years. That decline means less women are in the position to support women entrepreneurs by investing in their growth.

Before you start banging on doors searching for venture capitalists and bankers to give you money, you need to do a couple of things first. To know more, read the blog Women-Owned Businesses Lack Access to Capital

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