We were delighted to see the article about women’s entrepreneurship published Nov. 27. As entities that work with countless women entrepreneurs, we have seen these same challenges and would like to highlight a few resources available to help.
- Partnerships – Many women partner with friends, colleagues or spouses on business ventures to help alleviate stressors that come with owning a business and provide a network of support.
- Unique financing programs – Women entrepreneurs are eligible for nontraditional programs such as the SBA 504 loan program, offering a minimum 10% down payment, up to 25-year term options, and below-market fixed interest rates.
- Learning workshops - Since 2018, ACTIVATE Women has hosted more than 35 sessions in five cities, helping entrepreneurs learn from local experts about a variety of business topics.
- North Dakota Women’s Business Center — a program of CTB — helps women through their journey of business ownership. They offer a variety of programs, workshops, networking events, training and business counseling services.
- Other resource partners - including the U.S. Small Business Administration, Small Business Development Center, SCORE and the Veteran Business Outreach Center also provide free business counseling and assistance.
- Networking – The Annual Women’s Business Summit and Annual Women’s Business Conference are two of the many events for women in North Dakota. Networking at events like these open up new opportunities and connections.
These resources can help transform women entrepreneurs from dreamers to do-ers as they embark on the path of business ownership and success.
Dusek is president and CEO of Dakota Business Lending. Dodd is executive director of CTB (formerly Center for Technology & Business).