Women Entrepreneurs and Small Business Loans – Infographic

2 min read • Nov 13, 2014 • Erik Larson

Here at Lendio, we’re passionate about providing small business owners with the opportunity to get the financing they need to build their business. We’ve supplied business loans for thousands of small businesses, and a large percentage of those are owned by women. We’ve collected some interesting data on the relationship between small business lenders and women entrepreneurs.Lendio-Women-Entrepreneurs-Small-Business-Loans

 

To embed this infographic on your site, just copy and paste this code:

<img src=“//www.lendio.com/cms/wp-content/uploads/2014/10/Lendio-Women-Entrepreneurs-Small-Business-Loans1.jpg” alt=“Women Entrepreneurs and Small Business Loans”>
</br><a href=“//www.lendio.com/blog/women-entrepreneurs-small-business-loans-infographic/”>Women Entrepreneurs and Small Business Loans by Lendio</a>

Women are making a strong impact on the business environment. Currently 29% of businesses are owned by women and that number is increasing with a projected 1,288 businesses started by women every day. See what Lendio found out about the women entrepreneur movement from new business starts in January to September of 2014.

Top 10 industries for women starting a business:

1. Retail Stores
2. Restaurants & Food Services
3. Arts, Entertainment & Recreation
4. Wholesale Trade
5. Healthcare & Social Assistance
6. Personal Care Services
7. Business Services
8. Construction
9. Real Estate
10. Educational Services

Top 10 industries dominated by women entrepreneurs

1. Veterinarian Services
2. Wholesale Trade
3. Personal Care Services
4. Healthcare & Social Assistance
5. Educational Services
6. Non-Profit Organizations
7. Retail Stores
8. Administrative & Support
9. Religious Institutions
10. Legal Services

41% of new small businesses searching for loans are owned by women.

Women business owners are 11% more likely than men to search for alternative lending in the first 12 months in business.

Top 10 states per capita for women-owned businesses with less than a year of operations

1. Mississippi
2. Georgia
3. Louisiana
4. Alabama
5. Nevada
6. South Carolina
7. Florida
8. Arkansas
9. North Carolina
10. Montana

Credit Rating – The overall credit worthiness of women applying for small business loans

7% Excellent
5% Great
11% Good
23% Okay
42% Not so good
11% bad

SHARE

Erik Larson

Erik Larson frequently writes for Lendio about SEO, Digital Marketing, Social Media Marketing, Business Loans, and whatever else strikes his fancy. He can be found on Google+ and Twitter.