Female business owners often have less access to capital because women tend lack relationships with bankers, National Association of Women Business Owners CEO Jen Earle said on Tuesday at an Axios virtual event.

What she's saying: "Women are naturally risk-averse, and so a lot of times they don't want to take on huge chunks of debt to make their business grow. "They've done it kind of by bootstrapping, by utilizing their credit cards, by using personal funding. "

  • So when female business owners suddenly need capital, "there's not really any backing there," Earle said.

Earle said female business owners have found it hard to balance the multiple roles they play in the household, along with managing their businesses through the economic downturn brought on by the coronavirus pandemic.

  • "We're worrying about moms staying at home with their kids and figuring out how they're going to educate them," Earle said.

Go deeper

Oct 25, 2020 - World

Spain declares new state of emergency as COVID-19 cases surge

Photo: Gabriel Bouts/AFP via Getty Image

Spanish Prime Minister Pedro Sánchez on Sunday announced a new state of emergency that imposes a curfew in an effort to combat a rising number of coronavirus cases.

Driving the news: The mandate comes less than a week after Spain became the first nation in Western Europe to exceed 1 million COVID-19 cases.

Oct 25, 2020 - Health

Ex-FDA chief: Pence campaigning after COVID exposure puts others at risk

Former FDA commissioner Scott Gottlieb said "the short answer is yes" when asked whether Vice President Mike Pence is putting others at risk by continuing to campaign after several aides tested positive for COVID-19, stressing that the White House needs to be "very explicit about the risks that they're taking."

Why it matters: The New York Times reports that at least five members of Pence's inner circle, including his chief of staff Marc Short and outside adviser Marty Obst, have tested positive for the virus. Pence tested negative on Sunday morning, according to the VP's office, and he'll continue to travel for the final stretch of the 2020 campaign.

Updated 20 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Politics: The swing states where the pandemic is raging — Pence no longer expected to attend Barrett confirmation vote after COVID exposure.
  2. Health: 13 states set single-day case records last week
  3. Business: Where stimulus is needed most.
  4. Education: The dangerous instability of school re-openings.
  5. World: Restrictions grow across Europe.
  6. Media: Fox News president and several hosts advised to quarantine.

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