New York, NY – TruFund Financial Services, Inc. celebrates National Women’s Small Business Month by recognizing the hard work of local small businesses, especially those women-led businesses by launching TruFund’s Women In Business: An EmpowHERment Program. Through this program, female entrepreneurs have had the opportunity to receive valuable information and training to grow their businesses.
Women are making massive strides in small business ownership and our organization has seen an increase in the number of women and minority-owned firms across markets applying for loans over the past several years, said James H. Bason, President & CEO, TruFund Financial Services, Inc. “This October we celebrate the women that have persevered and become successful business owners. We will continue to push for increased access to capital necessary for women entrepreneurs to continue to grow and scale their businesses.”
In the United States, more than 9.4 million firms are owned by women, employing nearly 7.9 million people, and generating $1.5 trillion in sales. Women-owned firms (51% or more ownership) account for 38% of all privately held firms and contribute 14% of employment and 12% of revenues as of last year, according to American Express’ 2016 State of Women-Owned Businesses Report.
With offices in Alabama, Louisiana and New York, TruFund Financial Services, Inc. has remained a strong advocate for women owned small businesses over the past two decades.
“Being a minority small business owner, we face many obstacles with access to capital and it is very hard for us to obtain working capital,” said LaKesha Freeman-Reynolds, CEO of TNF, Inc., a Birmingham, Alabama based construction company. “TruFund has filled the gap for us and allowed us to hire new employees. Without TruFund and its alternative financing, we would not be able to bid on the larger projects.”
National Women’s Small Business Month has encouraged the support of local small businesses; especially those female owned and led.
For more information, please visit www.trufund.org.
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About TruFund Financial Services
TruFund Financial Services, Inc. is a wholly independent national non-profit Community Development Financial Institution (CDFI). TruFund seeks to stimulate economic development in communities that are underserved by traditional banking institutions by providing fair and accessible capital, hands-on technical assistance and innovative solutions to small businesses and nonprofit organization
