Harvard alumna tells entrepreneurs don't take funding they can't repay - Business Insider

Loren, a Harvard alumna and business strategist, is trying to make that number more reachable — specifically for women and women of color, who combined only getin the US. This is a stat she knows well, as she's experienced the struggle to get capital firsthand.

Loren spent a decade in consulting and fundraising, and she ran a marketing and business-development agency for five years. Then, she decided to use her knowledge and experience to help other women. She started the business-funding education app for women,, with the goal of getting 100,000 women entrepreneurs to reach $100,000 in annual sales. Since launching in 2018, the app has helped 1,000 women access over $1 million in total capital.

That's why Loren advises entrepreneurs to keep their jobs when they're first starting out, not only to pay their personal expenses, but to have backup income. "The most important thing is to never take out funding that you're not comfortable repaying on the repayment term," Loren told Business Insider.or credit, to make sure you're not borrowing more money than you can pay back.

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