Government Business Loans For Women!
Since 1992, the U.S. Government's Small Business Administration has approved more than 78,400 small business loans, in the amount of $11,650,000,000 ($11.65 billion!), for women owned small businesses.
Press Release Date: April 7, 2000
The U.S. Small Business Administration (SBA) Partners With the Business Women's Network (BWN) to Reach Women Owned Small Businesses
The U.S. Small Business Administration (SBA) signed an agreement with the Business Women’s Network Education Fund, Inc. (BWN) to increase the participation of women-owned small businesses in SBA’s small business loan programs.
The agreement calls for increasing the number and dollar amount of SBA-guaranteed small business loans to women-owned small businesses. The SBA will provide information to BWN on small business loan programs available to women.
The Government also works with BWN to increase the number of women-owned businesses profiled in ACE-Net, the Angel Capital Electronic Network. ACE-Net is a nationwide listing that provides information on small businesses seeking equity financing from "angel" investors.
"Our partnership with the BWN can serve as a tremendous vehicle for the SBA to expand its base of potential customers. By linking up with these networks, we can expand our outreach to women owned small businesses and make them aware of the services available to them from the U.S. Government," said Aida Alvarez, Administrator of the SBA.
The BWN is a network of women’s business resources representing more than 4,000 women’s small business and professional organizations, Web sites, and other national and international resources. The SBA and BWN will work together on a joint campaign to link BWN and SBA district offices.
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