Three Ways Women Can Overcome The Gender Gap in Small Business Financing - News Summed Up

Three Ways Women Can Overcome The Gender Gap in Small Business Financing


Additionally, business revenues among women-owned companies have increased by more than one-third since 2007. Today, there are estimated to be more than 11 million women-owned companies that generate more than $1.6 trillion in revenue. Average annual revenues ($210,000) of women-owned businesses increased 47 percent in 2016, while average annual earnings ($117,064) jumped 61 percent last year. Businesses owned by men generated about 52 percent more revenue ($363,414) on average than women-owned businesses. Further, credit scores of women-owned firms (595) were 17 points lower than companies owned by men.


Source: Forbes March 07, 2017 19:18 UTC



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