In one month, the Small Business Administration does $1 billion of loans and guarantees for businesses; many of those are women-owned businesses.
Sentiment: POSITIVE
Among our responsibilities is to make sure that 23 percent of all government contracts go to small businesses. That's about $150 billion annually, from all the government agencies.
Microfinance does not require previous experience or loans to the same extent as a small-business loan, so it's easier for women to enter the micro sector.
Closing the gap for women entrepreneurs should be a priority for the federal government - and yet the Small Business Administration has failed in their promise to women business owners.
Until we know how many women own businesses, we may under-invest in them as entrepreneurs and economic drivers.
Small business owners that are female, that is their number one problem, is access to capital.
In China, a lot of the opening up of private entrepreneurship is happening because women are starting businesses, small businesses, faster than men.
Women are starting something like twice as many companies as men, but the money is primarily going to companies started by men.
Well, I happen to believe all business is female business.
As someone who has owned a small business in the past, I understand how difficult it can be to get a loan.
I have seen businesses and government come together to provide women entrepreneurs with the training they need to better access markets, take advantage of trade agreements, and in the process grow businesses, jobs, and GDP. These are partnerships that transform lives.
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