October is National Women’s Small Business Month!
Join SmartBiz Loans to honor our nation’s women small business owners along with organizations like the Small Business Administration (SBA), National Women’s Business Council (NWBC) and the National Association of Women Business Owners (NAWBO).
What is this month all about? Amanda Brown, Executive Director of the NWBC, explains:
“Women’s Small Business Month is a great time to highlight the advancements made by women in business and celebrate women business owners.”
Fast Facts About Women Owned Businesses
Numbers don’t lie – women owned businesses in the U.S. strongly support the overall economy. This infographic from NAWBO summarizes some of the more impressive facts.
How to Support Women-owned Businesses
Now is a great time for action! Show your support vocally or while choosing to spend your money on products or services. Here are a few ways you can honor women entrepreneurs across the U.S.
- Shop at women-owned small businesses in your community and online. You’ll be helping a female entrepreneur and supporting economic growth.
- Get vocal! Promote women-owned businesses on social media and let your friends and family know about this month along with your service or product purchases.
- Rhonda Abrams, author and small business columnist writes in USA Today how you can support women all year. “Support politicians and companies that support women. Women need confidence, but they also need childcare, maternity leave, good pay, good health care, non-discrimination laws. Help women gain the skills and earn the successes by supporting and voting for those who support policies and programs that enable women to succeed.”
- Follow the hashtag #NWSBM on Twitter and Instagram to discover who is sharing valuable information about this month and how you can contribute.
SmartBiz Loans Supports Female Entrepreneurs
It’s a fact: An infusion of funds can help a small business flourish. However, there’s a sad statistic related to women and small business loans: Women account for only 16 percent of conventional small business loans and 17 percent of SBA loans.
Low-cost loans help a company hire new employees, purchase equipment, increase inventory, beef up marketing and more. The inability to fund these business-building initiatives can stunt growth or even shut down an enterprise. At SmartBiz Loans, we’re proud that 36% of SBA loans that we facilitate were granted to women owned business, significantly higher than the national average for SBA lenders. We’re not alone in our quest to treat business owners equally. Carla Harris, the presidentially appointed chair of the NWBC, made this statement:
“…we will continue to push for increased access to capital and to markets so women entrepreneurs can keep growing and scaling their businesses.”
Women-Owned Business Success Stories
Here are business success stories on our blog. This represents just a handful of the smart, creative and hard-working women we’ve helped out:
One of the many woman-owned business we’ve worked with is Epic Global Talent. Founder Laura Tabsharani has advice for other women who want to start a business.
Do you need extra funds for your small business? An SBA loan is the best bet for small businesses with low rates, long terms and low monthly payments. Visit SmartBiz Loans® today and discover in about five minutes if you’re qualified to apply for an SBA loan with one of our bank partners. Use the promo code “blog” and receive $500 off of your closing costs. Check out our great reviews on TrustPilot!