Women own over 37% of businesses on the market, yet they only receive around 7% of investment money from capital ventures. This means that women have to advocate extra vigilantly for their companies to receive proper financing options. While the application process may be a bit extensive, there are many grant options available for women who need some extra funding for their business ventures. Business credit lines will also offer you much more flexibility in comparison to business loans you will find from traditional banks.
Key Takeaways:
- Financing is essential for business security as it ensures the business will stay afloat even in the event of customer payments coming in late or other issues
- Women business owners might have luck finding financing in the form of grants, although applying for them involves a long and detailed process
- Rather than seeking out a standard loan, women business owners should consider opening up a business line of credit
“The loan approval rate for women is 15-20% lower than it is for men, and women receive only 7% of venture capital investment money.”
Read more: http://smallbizclub.com/startup/funding-a-startup/4-reliable-financing-tips-women-business-owners/