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NAWBO: Business Still Harder For Women Than Men

PHOTO: Women starting small businesses should work hard to overcome inequalities that men in business may not experience, according to Edna Lopez with the National Association of Women Business Owners of Northern New Mexico. Image courtesy of the Small Business Administration.
PHOTO: Women starting small businesses should work hard to overcome inequalities that men in business may not experience, according to Edna Lopez with the National Association of Women Business Owners of Northern New Mexico. Image courtesy of the Small Business Administration.
October 21, 2013

ALBUQUERQUE, N.M. – Women starting small businesses should work hard to overcome inequalities that men in business may not experience, according to Edna Lopez, president of the National Association of Women Business Owners of Northern New Mexico.

Lopez, who owns and operates a staffing company with more than 300 employees, says women are generally not taken as seriously in business as are their male counterparts.

She says although there has been progress in the past two decades, women still have to work harder to prove themselves.

"A lot of times you have to repeat yourself for people to take you seriously,” she says. “You have to be very knowledgeable before you approach people because sometimes they doubt you know what you're doing, I guess."

According to the Small Business Administration (SBA), women-owned businesses are the fastest growing segment of new businesses in the nation.

Lopez says some of the challenges facing women in business include getting loans from banks. She says lenders usually take bigger business risks with men.

"They will lend much more money for your start-up or for beginning to a business that's led by a male than for a female," she maintains.

The SBA says it has supported more than $12 billion of loans to women-owned businesses since President Barack Obama took office.


Troy Wilde, Public News Service - NM