According to a Bank of America study in 2019, almost 60% of women believed they didn’t have the same access to capital as their male counterparts. Four years later, securing funding for a small business remains one of the foremost challenges for women entrepreneurs. It’s why the Tory Burch Foundation partnered with Bank of America in 2014 to launch the Capital Program, which connects women small-business owners to affordable loans. The program is on track to disburse $100 million in 2023. And now, the foundation has created the Funding Finder, a tool that allows women to review a range of funding options without being pushed to use a specific bank or product. The Funding Finder is easy to use, and questions are interspersed with helpful hints and tips, i.e., the difference between growth and scalability and which investors tend to like more. It takes less than five minutes to get a personalized results page with unbiased information.
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