Women own over 9 million businesses yet they receive the least amount of financing from traditional sources such as banks and venture capital firms. 

Women traditionally own smaller types of businesses that don't need financial assistance of $250,000 or more, and so financing options are limited.  

Finding capital through private investors is more challenging than ever before. According to Capital Factory, "Gap shave formed in the traditional funding path for early stage companies. Many venture capitalists are moving towards bigger funds that invest larger amounts of money in lower risk companies that have already proven their model. Angel investors are banding together into syndicates that look more and more like venture capitalists." 

Business loans can also be difficult to obtain. Most businesses are created with loans which rely on good credit histories and collateral that women (and mothers in particular) may have a hard time supplying due to divorce, medical expenses, and just the high cost of raising children.  Women often use their credit cards or borrow from family members in order to start a business, which can make their own finances uncomfortable.  

Now is probably the best time to start a business or expand your current business. Most people look at the current economic condition and see the losses they have from last year (job loss, income loss, business loss), but losses can be doors to opportunities -- you just have to open your eyes and your mind. During times like these labor and supply costs are lower, there is less competition, and all budgets are being re-examined. People are open to new ways of doing things that will help them to reduce costs or find customers. 

We want to help women whose minds are open to new ways of business and new opportunity through the Moms In Business $50,000+ Grant Competition. We are giving you a chance to create your dreams and give you the support you need to grow your business.