5 Strategies for Women to Manage Business Finances | AllBusiness.com

The well-documented wage, lending, and funding gaps experienced by female entrepreneurs make an already difficult subject—business finances—even more tricky to navigate. Consider, for example, that according to survey findings from Intuit QuickBooks, during the COVID-19 pandemic women-owned businesses were more likely to report being rejected for loans or lines for credit, with a 16% rejection rate compared to an 11% rejection rate of small businesses overall. In addition, Facebook’s recent State of Small Business report shows that female-owned businesses were more likely to have closed during the pandemic compared to the global average.

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