Women business owners face financial challenges
Profits for entrepreneurial women decreased 26% in 2021 from 2020.
Source: postbulletin.com
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Biz2Credit Study Finds Credit Scores and Average Earnings of Women-Owned Businesses Rose, Yet Loan Approvals Lagged in 2020 – Bankless Times
March 25, 2021·4 min read Biz2Credit Study Finds Credit Scores and Average Earnings of Women-Owned Businesses Rose, Yet Loan Approvals Lagged in 2020 The annual Biz2Credit Women-Owned Business Study found that although revenues dropped for women-owned firms in 2020, their earnings grew, primarily because expenses decreased during the pandemic. Women-owned business earnings averaged $330,226, higher than in 2019, but $421,928 less than the average for male-owned firms ($716,842) in 2020. The analysis also revealed that while the average credit score (597) for a female business owner increas...
Source: banklesstimes.com