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Study Finds Women Are Less Likely To Receive Loans

CC - Photo by hang_in_there at Flickr

CC – Photo by hang_in_there at Flickr

A study conducted by Biz2Credit finds that businesses owned by women are more likely to be turned down for loans.

Bloomberg Businessweek reports Biz2Credit analyzed 14,000 loan applications from the last six months of 2012.

Out of those 14,000 applications, women-owned businesses were 15 to 20 percent less like to receive approval for a small business loan.

Biz2Credit also found that women-businesses generally made 15 percent less revenue and had operating expenses that were 21 percent higher than their men-owned counterparts. Women-owned businesses in the survey were more likely to be in retail, which usually have higher operating expenses and lower margins.

Being rejected for a loan can result in a business having to pay higher borrowing costs, and receiving lower cash flow and credit scores.

You can find the original story here.

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About Hanna Russmann

I am a graduate of Simpson College with a degree in Multimedia Journalism.

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