The number of women-owned firms increased by one-and-a-half times the national average between 1997 and 2015 according to the 2015 American Express State of Women-Owned Business Report. Other research tells us that those women are crushing it.
The money is there, but women aren't getting it, according to Fast Company. In 2015, just 11% of Small Business Administration 7(a) loans went to businesses where a woman had majority ownership.
Venture capitalists are predominantly men, and these male-dominated firms tend to invest in male-dominated companies. Businesses with all-male executive teams are four times as likely to get venture funding than companies with even one woman on their team, according to a study on the issue from Babson College.
Read the blog "The Funding for Women Entrepreneurs is There, it's Just Going to Men" to know how to navigate the process to find the money and the best way to ask for it.
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