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Female business loan demand exceeds male demand

raharneyRecent data from Raharney Capital found that female demand for business loans exceeded that of men between Jan. 1 and May 26, with nearly 52 percent of applications filed by women.

The National Women’s Business Council said 28.8 percent of all U.S. nonfarm businesses are female-owned, while 77 percent of women-owned businesses are founded by their owner with $5,000 or less in capital.

The lack of startup capital resources could contribute to the increased demand for financing later.

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