Need For Small Business Loans For Women

Managing a busy family life – looking after kids- , a demanding husband and a business comes pretty easily to women and as a result of this, small business loans for women are on the rise. Women are biologically programmed to be multi taskers of the best kind and this is being reflected by the growing number of small businesses owned by businesswomen.

Starting a small business for a woman is not easy and getting financing for it is even harder. One of the many sources of money is a small business loan, designed especially for women. In these loans, applicants must present a squeaky clean account of their character, accountability, efficiency, experience and credit, not their assets. In fact, special loans are available for women who have young children and want to create a small business, based at home.

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Women Leaders = Greater Returns On Investment

40 years ago, it would have been rare to find women running, much less owning their own businesses in Australia.  In fact, if we look at my career choice, to be a Trade Commissioner for Australia, it would actually have been impossible!
 
Fortunately times have changed, at least in Australia with women currently running about 1/3rd of Australia’s 1.9 million small businesses, and almost 50% of the home-based businesses (which is also one of the fastest growing sectors of the economy). And again, if we look at my career choice in the public service, women hold around 36% of senior executive positions.
 
But we still have much to do when compared to some other countries like Norway, USA and the UK . In the US surveys show that 89% of companies on the S&P 500 have at least 1 woman on the board and 64% have more than one. In the UK the figures are closer to 77% of FTSE 100 companies having at least 1 woman.
 
Yet similar figures for Australia show only about 29% of boards have at least one female (top 500 companies). And worse, for our top 200 listed companies women represent 8% of Board members, 6% of CEO’s and only 2% of Chairpersons.

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