Running A Business

Women Entrepreneurs and Small Business Loans – Infographic

Nov 13, 2014 • 2 min read
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      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


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      </br><a href=“//”>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

      About the author
      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.

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