How Far Women Entrepreneurs Have Come

Just 32 years ago, a legislation passed that was called HR 5050: Women’s Business Ownership Act of 1988 (WBOA). This passing of this Act allowed women to take out business loans in their name for the very first time.

How did women entrepreneurs obtain business loans prior to HR 5050?

Learn more about how far women entrepreneurs have come and don't forget to celebrate International Women’s Day (#EachForEqual), March 8, 2020.

For Women Entrepreneurs, It Can Be a Messy World

We've come a long way.  Or have we?  On Oct. 25, 1988, President Ronald Reagan signed the Women’s Business Ownership Act.  What did it do for women business owners?

The law, designated H.R. 5050 for the equality it set out to establish for female entrepreneurs, banned discrimination against women seeking business loans and improved access to educational and technical assistance. 

Fast forward to here and now:

Sarah Biller, 42, president of financial technology company Capital Market Exchange, cites perfectionism as a major challenge for women, including herself. “I wanted to come to market with a perfect solution,” she says. But “it’s a messy world.” That “tendency to play by the rules and dot every ‘i’ or cross every ‘t’ stands in the way of women all the time,” she says.

Read the entire article:  Is the Playing Field Even for Women Entrepreneurs 25 Years After H.R. 5050?

Photo courtesy:  Paul Downey