The Gender Lending Gap is Narrowing for Women Business Owners

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 is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech.

LendIt Fintech conducts three conferences a year for the leading fintech markets of the USA, Europe, and Latin America. LendIt also provides cutting-edge content all year long via audio, video, and written channels.

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.

Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.

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