For immediate release The Federal Reserve announced today the production of a videotape designed to heighten awareness among lenders about the business opportunities available to them in lending to businesses owned by women.
Businesses owned by women represent one of the fastest growing sectors of the nation's economy.
To potential entrepreneurs, the tape stresses the need for future commercial borrowers to build a relationship with the lender and to have a comprehensive business plan prepared prior to approaching a lender. To potential lenders, the tape focuses on the profitability this fast-growing segment of the economy offers financial institutions. The videotape is available through FVS Media for a nominal fee. The Federal Reserve Bank of Chicago and the Women's Business Development Center also produced a publication that covers access to credit issues. For more information regarding the video contact the Community Affairs Offices at your local Federal Reserve Bank.