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According to a recent study from Fundera by NerdWallet, women now make up nearly half (44 percent) of Seattle’s self-employed business owners. Despite this impressive statistic, women-owned startups often face significant challenges when attempting to secure capital. While venture capital is one of the best-known ways to fund a business, it doesn't always offer the best path to success. It often comes with tradeoffs such as loss of control and equity dilution, and in 2024 only 1 percent of women-led companies received VC funding. Self-funding, on the other hand, can be a powerful alternative, allowing entrepreneurs to maintain full control of their companies and make decisions independently.
In this episode, host Abigail Bassett and Chase senior business consultant Shelia Winston delve into the advantages of self-funding, the benefits of business credit and diversifying your lines of credit, and the critical role business bankers can play in an entrepreneur’s journey. Listeners will learn how business bankers can provide essential mentorship, guidance, insights, and connections to help secure funding, build networks, and grow businesses. |