30 Years Ago, Women Entrepreneurs Couldn’t Do This One Simple Thing | Small Business Trends

The other day, I read an article that blew me away. Writing in Forbes, entrepreneur Deborah Sweeney reminds us that until 1988, women entrepreneurs could not get business loans without a male relative as a cosigner. It didn’t matter if the male relative was even involved in the business, or if he was under 18; he was essential to experienced businesswomen getting the loans they needed to grow their companies.

“As a 43-year-old female CEO, it is difficult for me to get over that in my lifetime women business owners had to rely on men to obtain a business loan,” Sweeney writes.

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