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The Gender Lending Gap is Narrowing for Women Business Owners

The Gender Lending Gap is Narrowing for Women Business Owners

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FintechNews RoundupUSA
··1 min read

On International Women’s Day Rohit Arora, the CEO of Biz2Credit, writes on CNBC.com that the number of women-owned businesses applying for funding in 2018 increased by 13% over the previous year; but the average loan size for these businesses was 31% less than their male counterparts; they conducted a study of 30,000 companies in 20 industries; the number of women-owned businesses has increased 114% in the past two decades, for women of color that increase is 467%; revenue at women owned businesses increased 13% in 2018 compared to 7% at male-owned businesses although total revenue still lagged significantly for women-owned businesses. Source.

  • Peter Renton

    Peter Renton is the chairman and co-founder of Fintech Nexus, the world’s largest digital media company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series.

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