Loans to women-owned small businesses totaled $5.1 billion in fiscal-year 2023 and now represent one in five loans — or 21.3% — made to small businesses, a new report from the Small Business Administration shows.
The rise in SBA lending to women-owned businesses reflects the leading role of women entrepreneurs in small business growth, noted SBA Administrator Isabel Guzman in a release timed to the 35th anniversary of the Women’s Business Ownership Act (H.R. 5050), which eliminated laws requiring…
