This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Small Biz Leader Tells Women Owners To Take Charge

Q. Is it harder for women business owners to get a loan?

A. Access to capital is tight for all small business owners, whether male or female. But at this point, women have to work harder in order to be successful. You don't hear the stories you used to hear as much now â¿¿ like, "I have to bring my husband in to get a loan." But some of it is still here, and some of it frankly has to do with education and preparation by women owners (before they apply for a loan). But as women business owners are becoming more mature business owners they are ramping up their ability to have the right infrastructure in order to successfully get loans.

Q. What industries are seeing the most growth in women-owned small businesses?

A. We have an awful lot of women in information technology and in services like staffing. And we're building our presence in other nontraditional areas that have been difficult for us. We're getting headway in construction. I have members in the missile defense area. But in some manufacturing, like weapons of war, it might be more difficult. We don't have the numbers or the years of experience there.

Q. Where do you go from here?

A. There'll be no lack of legislation challenges. The 5 percent contracting goal is ridiculous. It needs to be higher. I think that the uncertainty that we have right now in this country makes it very difficult to plan. We want to be able to help the political climate change so it's more productive.

We don't have enough women in Congress in positions of power. We have only 98 of the 535 seats. If we're going to really have a role and are going to change things like the climate in Washington, we have to get more women elected to Congress. Women in Congress have always come to our rescue. When we fought so hard in procurement, they came out, one after another and supported our efforts. So we need to have many more women in positions of power.

4 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,689.86 -56.12 -0.32%
S&P 500 2,103.84 -4.79 -0.23%
NASDAQ 5,128.2810 -0.5040 -0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs