TITLE

Loan Approvals Lag for Female Business Owners: Report

AUTHOR(S)
Kline, Alan
PUB. DATE
March 2013
SOURCE
American Banker;3/28/2013, Vol. 178 Issue 48, p17
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports the loan approval rate for women-owned small businesses in the U.S. was lower than the rate for their male counterparts, according to a report from Biz2Credit company which matches lenders and borrowers. The article notes the analysis was based on data from approximately 14,000 loan applicants in the second half of 2012. It also notes the reasons for this disparity such as credit scores and annual revenue. A press release from chief executive officer Rohit Arora is noted.
ACCESSION #
86435680

 

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