Two banks, a risk finance company, and a researcher contributed to the rich discussion on the different growth stages of women-owned businesses and how banks can best serve their needs. All agreed that by the time a woman comes to a bank for a loan, she is generally a less risky bet. They also discussed the importance of partnering with other organizations, such as investing in incubators or accelerators, or partnering with local women entrepreneurs’ networks in order to reach new markets.
MODERATOR: PETER TROPPER
Senior Advisor, Emerging Markets Private Equity Association; Former Chief Investment Officer, IFC Private Equity Group; Former Head, IFC SME Ventures
Senior Fellow, Kauffman Foundation
Presentation (members only)
Director, Women Business Development, PNC Bank
General Manager, SME Banking & Connect NOW, Westpac
Entrepreneur and SME Consultant, Former Managing Director, Business Partners Ltd.
“Women use less financing than men across the board – early-stage, home-based, high-growth, VC-backed, high-tech…”
— Alicia Robb
“Seventy percent of widows change their financial services provider within a year of their spouse’s death.”
— Beth Marcello
“Women go to a bank, the bankers ask them questions that they feel are irrelevant, and they don’t go back.”
— Julie Rynski