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Monday, March 22, 2004
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VOLUME 1
ISSUE 4
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Issue Archive
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Issue 3
March 15, 2004
Vol. 1
Issue 3
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Issue 2
March 8, 2004
Vol. 1
Issue 2
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Issue 1
March 1, 2004
Vol. 1
Issue 1
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WorldWIT Radio
http://www.w3w3.com/WorldWIT-Radio/
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Ask Liz
Dear Liz,
I have started, grown and sold two businesses at a profit, and yet I can't get a decent line of credit from any local bank for the new wellness-based business I'm launching. This is crazy and I believe it's because of my gender. How can I get this problem handled?
Neisha
Dear Neisha,
There are local and state (or provincial) agencies that will respond to complaints about discriminatory lending practices. I encourage you to speak to a representative about your difficulty. (I will send you your local contact in a separate message.) But do keep in mind that your new business concept is not universally beloved or even well understood. Your past computer-leasing and A/V businesses were very concrete, comprehensible opportunities that a typical banker could relate to with no problem. The new business idea goes much further out on a limb, and this undoubtedly is related to your difficulty getting a loan. I'm not trying to discourage you, but banks are about as practical as any lender you might look to. Consider angel funding (there are multiple women-focused angel groups around) for your new venture, too.
Take care,
Liz
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Copyright © 2004 WorldWIT, Inc.. All rights reserved.
Thinking Aloud is the weekly newsletter from WorldWIT, the global email discussion network for women in business and technology. Thirty thousand accomplished and resourceful women share business, technical, career, financial and 'life' advice on connected local email discussion groups like AustinWIT, BangaloreWIT and VancouverWIT. Join a free, friendly, moderated WorldWIT discussion group in your area at http://www.worldwit.org Write to us at info@worldwit.org
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