U.S.-based online lending platform Lendio announced on Thursday it is set to host its inaugural Women in Business Empowerment Workshop. According to Lendio, the workshop designed to address the challenges faced by female entrepreneurs and will provide insight into what it takes to set up a business and prepare to access debt capital. The event will be held on March 4, 2020, from 6:30 to 8:30 p.m. Presentations will be given by Denada Ramnishta, SVP of Lender & Partner Strategy at Lendio, as well as other small business finance specialists.
“A Lendio study shows that only 24% of the businesses accessing capital in the past year are women-owned. Still, as online lending continues to grow, so does the number of women-owned businesses taking advantage of it. Lendio found that in the last quarter of 2019, the percentage of women-owned businesses borrowing money increased in 25 states.”
While sharing more details about the workshop, Ramnishta stated:
“Women-owned businesses are the fastest-growing segment of entrepreneurs in the United States, yet they’re still financially underserved. As an industry, we are making progress but still have work to do. It’s critical for lenders to step in to fill the gender credit gap that has existed for years. We at Lendio believe strongly in the power of bringing women together to talk about these common challenges and possible solutions.”
Ramnishta added:
“I’ve seen so many entrepreneurs go through the grind of trying to access capital to start or grow a business. Once they do, they have the power to add real value to the world—economic and otherwise,” continued Ramnishta. “Nothing could be more inspiring to me. Lendio is pleased to be kicking off this series of women’s empowerment workshops across the country as an important part of its quest to make small business lending more accessible.”