Kate Muldoon, regional director of the Small Business Development Center at William Paterson University, said she loved her initial career as a kindergarten teacher, but, after becoming a single parent, she decided to enter the world of banking for the next 22 years, where she learned to work with women and minority business owners.
“In addition to not having a plan, women often would say, ‘I think I need a loan — how much do you think I could get?’ whereas men would come in and say, ‘I need $125,000 and this is how I’m going to spend it,’” Muldoon said. “We still often have to work with women to get them to understand that what they are trying to do is of value.”
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