Women Entrepreneurs - Funding at Your Fingertips

Published Date: May 2, 2016 | Blog Category: eWomenNetwork
Phyllis Smith
Women Entrepreneurs - Funding at Your Fingertips

There's Money Out There for Women Entrepreneurs

Need funding? Who doesn't? Funding for women entrepreneurs is right at their fingertips. The number of women-owned businesses is growing exponentially. 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.

Women Entrepreneurs are Crushing It!

Other research tells us that those women are crushing it. Seed-stage venture capital firm, First Round Capital, found that its investments in companies with women founders performed 63% better than those with management teams that were all men.

Have you received funding? Share what you learned in the comments below.

The Funding for Women Entrepreneurs is There, it's Just Going to Men

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.

Women Entrepreneurs - Competition for Funding HighWomen Entrepreneurs - Funding at Your Fingertips

There's more than 9 million women-owned businesses (2014 American Express State of Women-Owned Business Report), so there is a lot of competition out there. More importantly women need to know where to find it.

Don't leave money on the table!

There's FREE money out there, but that comes with stipulations. You need to know how to navigate the process to find the money and the best way to ask for it. Click here to find out where those grants are buried and how to understand them.

What challenges have you had with funding your business? Share below.

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Author, Phyllis Smith
Content Manager, eWomenNetwork 


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