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Fair Financing

Mary Walker, Ph.D.

Founder and president, National Federation of Black Women Business Owners

Black women have the same problems we had years ago. It's alleged that we don't write good [business] proposals. With more women coming out of corporate America and off of major boards of directors, this isn't true. Out of every 100 black women who apply for credit, only 10 are approved without hassle the first time. I want financial institutions with diversified lending practices, and women entrepreneurs creating more fundable loan packages.

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This article was originally published in the January 2001 print edition of Entrepreneur with the headline: Fair Financing.

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