NEW YORK, NY (April 2, 2018) - The gender gap in business lending is growing, according to the State of Women-Owned Small Business Finance Study.
“Last year the average funded business loan for women-owned firms was $57,097, down from more than $99,000 in 2016,” CNBC reports. “In comparison, the average size of a business loan for male entrepreneurs was stable, at $103,604.”
This trend is worrisome for the growth of women-owned businesses, which have historically been underserved by lenders.
