2016 women owned business study

Woman power rocked business in 2015.

That’s according to a new 2016 women-owned business study by Biz2Credit, a leading online marketplace which has found that average revenues of women-owned businesses increased 12 percent in a year-to-year comparison. Average earnings also rose to $72,529 in 2015, up from $67,950 in 2014.

In comparison, businesses owned by men generated about 60 percent more revenue on average than women-owned businesses.

What’s also interesting is that there was a whopping 130 percent increase in women-owned companies seeking funding on the Biz2Credit platform, highlighting the growing popularity of woman entrepreneurship.

Good Times for Woman-Owned Companies

Several factors have contributed to the changing fortunes of woman-owned companies.

To begin with, favorable economic conditions have made it simpler for women entrepreneurs to get loans. Marketplace lenders are charging attractive interest rates and offering longer terms to benefit women-owned businesses. [Read the full story here ]
Source: Small Business Trends