Tuesday, October 06, 2009

Business Financing for Women: Start Your Engines!

Key Bank is an amazing resource for women entrepreneurs. It has already loaned $2 billion to women owned businesses, and is planning to lend another $3 billion. That's no typo: that is "B" as in "billion".

There are now over 10 million small businesses that are female owned, and the number is growing. We suspect that number is low because it probably doesn't include all the WAHMs (Work At Home Moms), and that is a very substantial number, many of whom earn substantial incomes. Women owned businesses now generate over $2 trillion in sales each year.

Ladies, we've become a force to reckon with!

BusinessPlanMaster has long supported the accomplishments of women entrepreneurs. When we first put a page on women entrepreneurs five years ago, we put it into our "minorities" section. Well, we aren't really a minority any more. We are a dynamic force, if not a dominant one.

Business financing for women has continued to evolve with amazing programs like those at Key Bank. We thank everyone who has contributed to the success of women entrepreneurs. And, ladies, pat yourselves on the back, too -- you've come a long, long way.

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