KC-Area Study Shows Female Business Owners Lack Funding

Photo by Nicole Lunger
Photo by Nicole Lunger

About 35 percent of women who own businesses in the Kansas City area are planning an acquisition-based growth strategy, but 75 percent can’t get the funding they need, according to a study recently completed by Lead Bank. The study examined the progress and outlook for funding opportunities for women-owned businesses.

Sherry Turner, founder of the Women’s Business Center in Overland Park, Kan., sees reason to be optimistic despite the challenges. She said more than 60 percent of women have been self-employed for at least five years.

“Women-led business growth is at an all-time high, with startups at 1.5 times the national average,” Turner said in the release. “Overall, women have been consistent in business growth with 2 percent achieving annual revenues of over $1 million.”

Read more from the Kansas City Business Journal

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