Jay Jay Ghatt Empowering online digital entrepreneurs and professionals to create great things online

Report: Female business owners lag behind men in credit and income

women small biz

The good news is that women make up a sizable force of American business owners. The bad news is women still have a tough time accessing credit and capital.  A recent a study found that companies with female CEOs receive just 3% of the $50.8 billion venture capitalists invested in companies between 2011 and 2013.

And more recently, a survey from credit-reporting and analysis agency Experian shows that the women still lag in terms of sales revenue, credit ranking and personal income.

Analyzing women and men owned businesses from a credit perspective based on a sample of business and personal credit data,  Experian’s “State of Women Business Owner Credit” report constructed a profile of women-owned that revealed some eye-opening results about the state of women-owned businesses compared to male-owned ventures.


It revealed that:

· More than 24 percent of male-owned businesses have sales that exceed $500,000, while only 14.5 percent of women-owned businesses have sales of that size

· 21.2 percent of male business owners have a personal income of $125,000 or more, compared to just 17.4 percent of female business owners

· The business credit score for a male-owned business was 35, compared to 34 for a female-owned business

· 22 percent of male-owned businesses have at least one open commercial trade account, while the same can be said for only 18.5 percent of female-owned businesses

These findings suggest the importance for private and government programs and policies that make it easier for women to get access to credit, loans and other financing. Here is a snapshot of the findings for both genders.




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Jeneba “JJ Ghatt”,is editor at Jenebapeaks.com, an online hub where she helps social media butterfly who empowers digital entrepreneurs and professionals to create great things online at her online learning platform Digital Publishing Academy.  She is an editor of tech blog Techyaya.com and founded the annual 200 Black Women to Follow On Twitter List. Read her bio, then get all of her online & digital biz startup advice and tools in one spot here!

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