To the extent that a woman business owner was or is eligible for that financial support, that hypothetical woman business owner benefited from that program or intervention. In this hypothetical scenario, without that financial support, that woman business owner would certainly be worse off.
The problem with those financial supports is that the way they were designed excluded many women and racialized business owners. I certainly can't guesstimate what the net effect would have been without those financial supports. Certainly some women business owners benefited from having those supports, and to that extent, they would be worse off without those supports.