This is not male bashing. These are kudos to all women entrepreneurs and small business owners who have struck out on their own and shown they have just as much business acumen as their male counterparts – they just do things a little differently. There are dozens of books written on the differences between the male and female psyches. Men are from Mars; Women are from Venus. Whatever.
How many major wars have been started by women? How many bands of women have invaded neighbor’s lands killing and pillaging as they went? Men appear to be idea people and women are good at the details that implement the ideas. However, many business women have ideas of their own. This has been a historical year so far with a total of 20 women being sworn in to Congress. If you have watched any of the news coverage, the thread that binds liberals and conservatives, Democrats and Republicans is the word cooperation. Women do not have the kind of egos that will stand in the way of getting things done.
One of the female attributes that men seem to dislike intensely is that women want to talk things out. Men want to be deaf when that happens. Generally speaking, women run companies quite a bit differently from their male counterparts. There is more nurturing. There is more listening. Yet sales continue to increase despite the feminine approach.
This is a great time for women entrepreneurs to open their own companies. These can be brick and mortar businesses, e-commerce websites or home-based businesses. Many times the only obstacle is initial capital. However, there are many fine small business loan lenders who specialize in funding women in business. Sites like Biz2Credit.com connect women entrepreneurs with SBA loans, building loans, equipment loans, working capital, and business lines of credit.
There was a time when a women could not get a loan from her bank without her husband’s signature. If she was single, she was totally out of luck. It’s not like big banks are discriminating against the female business owner today. They are only approving around 15% of all small business loans, whether they are originated by males or by females.
Small business lenders take everything into consideration. It isn’t just about credit scores. They will look at experience in the field, education, marketing plans, feasibility studies and other key indicators. Just because a women has a blip or two on her personal credit report does not mean she isn’t credit worthy.
While women-owned businesses are in a minority, national reports indicate these companies will be contributing 50% of all new jobs in the next decade. Now in the time to make your dreams become reality. You can do it with a small business loan. Today we have 20 female members of Congress. How many more will there be in 10 years?
This article was submitted by Mary Branca, she has a Bachelors of Journalism from the University of Georgia and spent 20 years in marketing management with national companies in the Southeast, Northeast and Midwest. She has combined her marketing experience with her passion for writing.