Insights into the world of small business lending and development
Lifting Up Women Entrepreneurs During Women’s Small Business Month
Women entrepreneurs contribute significantly to America’s economy and women are opening businesses at higher rates than their male counterparts. While women entrepreneurs face unique challenges around issues like accessing capital and finding mentors, they are increasingly optimistic. Bank of America’s 2018 Women Business Owner Spotlight found 58% of women business owners expect to increase revenue in the coming year, up from 44% in 2017. Similarly, 56% plan to grow their business over the next five years and 1 in 5 plan to hire in the next year.
Women entrepreneurs are doing and planning big things, and during National Women’s Small Business Month this October we want to highlight the important role women business owners play in growing our economy and share exciting new resources we’ve developed to serve their needs.