Reported 2 months ago
The 2024 State of Women Small Business Report by Block Advisors reveals that while women entrepreneurs express optimism about their businesses, significant funding and support gaps persist. A concerning 42% of women seeking bank loans face denial, particularly impacting Black women, with 50% never approved for loans. This situation forces many women to rely on personal financing, which might deter potential entrepreneurs despite their positive outlook for the future.
Source: YAHOO