Report finds gender gap in small-business lending

03/28/2013 | AmericanBanker.com (free registration)

Loan approval rates for women-owned small businesses average 15% to 20% lower than for businesses owned by men, according to a report by Biz2Credit, a New York-based matchmaker for borrowers and lenders. The firm cited several factors, including lower credit scores for women, as well as higher expenses and lower revenue. "Banks look at these figures and thus find women-owned businesses more risky to fund," Biz2Credit CEO Rohit Arora wrote in a news release.

View Full Article in:

AmericanBanker.com (free registration)

Published in Briefs: