User uShare Login | Register
Login
Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.


57° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Women Receive Fewer Small Business Loans

July 23, 2014, 11:14 AM by Anna Peters

Women Receive Fewer Small Business Loans
NEW YORK, NY -

Women who own small business are still far behind their male counterparts when it comes to getting loans and government contracts.

That's the finding of a congressional report by Democratic staffers of the Senate Small Business & Entrepreneurship Committee. The report says that while businesses owned by women account for 30 percent of small companies, they receive only 4.4 percent of the total dollars in conventional small-business loans.

And while Congress in 1994 set a governmentwide goal of awarding five percent of federal contract dollars to small businesses owned by women, it hasn't met that goal. The closest it has come is four percent, in the fiscal year that ended September 30, 2012.

The small business committee plans a hearing Wednesday on ways to address the challenges facing women owners.

Previous Story

Next Story


Sponsored
Find Local Businesses on KELO Pages!

View business

You may also like

Plans Released For Pump Park in Brookings

3/27/2015 4:51 PM

The same company that designs BMX bike tracks for the Olympics is coming to South Dakota to create Brookings' newest park.

Full Story
Speed Limit Sign Changes

3/25/2015 6:06 PM

The speed limit is only going up on stretches of road where the limit was 75 miles per hour, now going up to 80 mph.

Full Story | Watch
Woman Pushing For $20 Bill Makover

3/25/2015 9:54 AM

Barbara Ortiz Howard already has a day job maintaining apartment buildings near New York City. Now she has a second job and it's all about money. ...

Full Story
New Car Wash To Open Near 26th St. & Sycamore Ave.

3/24/2015 3:48 PM

Sioux Falls will soon be home to a second Silverstar Car Wash.

Full Story
GM Ignition Switch Death Toll Rises To 74

3/23/2015 11:20 AM

Families of at least 74 people killed in crashes caused by defective General Motors ignition switches will get compensation from the company.

Full Story


Events