Women continue to drive new business creation, according to a recent report by payroll service, Gusto, which found that 49% of new business owners were female, compared to only 28% in 2019. And, yet, over 30% of women entrepreneurs still say lack of capital/cash flow is one of their top challenges, according to a report from Guidant Financial.
For a woman business owner seeking financing, the ultimate fantasy (well, except for winning the lottery) is receiving a grant. That’s because grants, unlike loans, don’t need to be repaid. Nor do they require you to give up any percentage of your ownership as equity investors do.