They state that there are overwhelming evidence of women entrepreneurs experiencing limited financial availability from banks. According to the findings of Muravyev, Talavera, and Schafer, Women are five percent less likely than men to be approved of bank loans, and when they are approved, they pay .5% more interest (cite). There are no empirical evidences as to why women receive significantly less venture capital, but there are some potentially viable explanations like in-groups and the perceived notion of being naturally different. There is also belief that the reason female small business-ownership do not rise to the top is because of the underlying perception that they are not capable of doing “their” jobs. Then there are studies like Robichaud and her group study that suggests that access to funding was not a deterrent in a female entrepreneur’s pursuit for a successful business (citation). They did state, however, that there was a limitation to their study because their sample are of older female entrepreneurs, which have more creditworthiness and expectations than younger ones
They state that there are overwhelming evidence of women entrepreneurs experiencing limited financial availability from banks. According to the findings of Muravyev, Talavera, and Schafer, Women are five percent less likely than men to be approved of bank loans, and when they are approved, they pay .5% more interest (cite). There are no empirical evidences as to why women receive significantly less venture capital, but there are some potentially viable explanations like in-groups and the perceived notion of being naturally different. There is also belief that the reason female small business-ownership do not rise to the top is because of the underlying perception that they are not capable of doing “their” jobs. Then there are studies like Robichaud and her group study that suggests that access to funding was not a deterrent in a female entrepreneur’s pursuit for a successful business (citation). They did state, however, that there was a limitation to their study because their sample are of older female entrepreneurs, which have more creditworthiness and expectations than younger ones