Cantwell, chairwoman of the Senate Committee on Small Business & Entrepreneurship, introduced legislation in July that would make it easier for women-owned companies to get loans and government contracts. The Washington state Democrat sees lending to small businesses as key to job creation because loans give companies the means to expand. But women owners in particular struggle to get loans from banks, and that is limiting their ability to hire.
"Clearly with women, we are being underserved," she says.What do you mean, 'we', white woman?
Although women own nearly a third of businesses in the U.S., their companies receive only 4.4 percent of loan dollars, according to a report by the committee's Democratic members. A similar report is upcoming about minority businesses.We note the sleight of hand from, 'a third of businesses' (by number) to, '4.4 percent of loan dollars' (dollar volume). The AP reporter who fell for that one deserves...a Pulitzer?
We also wonder how many small businesses in Seattle are going to go under thanks to the new $15 per hour minimum wage. AP forgot to ask the pro-business Maria, how do we solve a problem like that.