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Women Accessing Capital
The Women Accessing Capital Program will provide the information and resources you need to break down the barriers between your business and money. The national program is designed to educate women business owners on all steps of accessing capital including – understanding and evaluating funding sources, creating a strong application for capital, and managing and maintaining growth.
As of 2014, it is estimated that there are nearly 9.1 million women-owned businesses in the United States, generating over $1.4 trillion in revenues and employing nearly 7.9 million people. In fact, American Express OPEN’s State of Women-Owned Business report finds that an estimated 1,200 new businesses a day were started by women over the past year, up from an average of 740 a day the year prior. Four out of 10 new firms are now started by women.* Yet, Women Impacting Public Policy (WIPP) continues to hear from women business owners about the difficulty of accessing financing to start and grow their companies.
Barbara Kasoff, Former President of WIPP, remarks: “If women business owners were their own country, they would have the 5th largest GDP in the world. With the right strategies and access to money and opportunity, their business growth will not only continue to dominate but will improve the economic landscape for all Americans.”
According to a report released in July 2014 by the Senate Committee on Small Business & Entrepreneurship, women account for only 16% of conventional small business loans and 17% of SBA loans even though they represent 30 percent of all small companies. Of conventional small business loans, women only account for 4.4 percent of total dollar value of loans from all sources. In other words, just $1 of every $23 in conventional small business loans goes to a woman-owned business. **
WIPP’s Women Accessing Capital program works to break down barriers between women and money, making securing capital an easier and more transparent process – a critical element to seizing and maximizing opportunity.
Specifically, program participants stand to gain information that can be immediately applied to advancing their businesses. Courses provide the necessary tools to competitively seek the appropriate type of funding, obtain money, and then manage a financed firm, taking it to the next level.
Women Accessing Capital training sessions begin by laying a foundation to evaluate if you are ready to seek funding. This area of the curriculum prepares your firm by identifying your business objectives and getting your financial and legal house in order. Women Accessing Capital guides you through picking the right monetary sources, building a strong team, and understanding what investors are looking for.
After laying the groundwork, Women Accessing Capital hones in on the actual application process – understanding how investors think, what they care about, and how to talk to them. In addition, courses cover what to expect from this relationship, how to report back to funders, as well as seeking other lines of credit for second growth.
Advanced training sessions aim to facilitate normal processes in a financed business. Topics range from keeping a business attractive to customers and financers, diversifying revenue stream, to maintaining growth.
For more information on WIPP’s Women Accessing Capital program, please visit: http://www.womenaccessingcapital.com/
WIPP Communications & Educational Programs Manager
Hear What Participants Are Saying!
Terri McNally, President of Global Capital, Ltd., identified that her endeavor is “to break the myth and show women the money. Our mission is to educate and arm course participants. We will commit to staying on the leading edge. Sharing what is working, who is lending, how to prepare, and what the options are when it comes to Access to Capital. Part of the fear that women have regarding debt is intimidation. We want to change that to confidence through knowledge, bringing in experts to discuss details through training webinars.”
“Information is power,” says Lisa Hanlon, Managing Principal at Teltech Communications, LLC. “WIPP provides concerted efforts to educate women on how to navigate the business environment to become successful entrepreneurs. A key phase of the learning process, is understanding access to capital. Women need this information to compete and transform their determination to economic success.”
“Yet again, the speaker made the subjects of marketing, branding, business plans so relevant to our plans of portrayal of our companies to the govt./business communities.”
“I appreciate a well-prepared presentation with good visuals to accompany the speaker. The WIPP presentations I saw in Washington this past April and the ones I have seen on Women Accessing Capital’s webinars have all been top-drawer presentations and done professionally. I like the “this is what we are going to talk about, this is what we are talking about, and this is what we talked about” formular…it works well. Thank you.”
“The instructor did a great job, very knowledgeable and also pleasant.”
“The presentation was both knowledgeable and concise. She used her time to convey a lot of material… I have already started to change the tone of my new [bank] relationship, and I feel good about implementing the input she provided.”
“I have heard the instructor present several webinars. She has added to the participants knowledge base without ever being redundant. She utilized the 45 minutes so effectively.”
About Women Impacting Public Policy (WIPP)
WIPP is a national nonpartisan public policy organization advocating on behalf of its coalition of 4.7million businesswomen including 78 business organizations. WIPP identifies important trends and opportunities and provides a collaborative model for the public and private sectors to increase the economic power of women-owned businesses. Visit www.WIPP.org.
*American Express OPEN. . Visit The 2014 State of Women Owned Businesses Report.
**Senate Committee on Small Business & Entrepreneurship. Visit 21st Century Barriers to Women’s Entrepreneurship.