Why Women Are Less Likely to Land Business Loans
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Back in January, Bloomberg News’s Danielle Ivory reported that women-owned small businesses were losing ground in the competition for contracts from the federal government. They’re also faring worse than their male counterparts in another arena: business lending.
According to a study released yesterday by Biz2Credit, an online matchmaker for entrepreneurs and lenders, women-owned companies were 15 percent to 20 percent less likely to be approved for small business loans during the last six months of 2012.