Women who own companies in North Carolina have flourished with profits.
In Biz2Credit.com’s second annual report on female-owned businesses, the average revenue produced by female-owned companies in the Tarheel State is $105,691. That dollar amount is just below the average revenue figure of $107,143 that is produced by men-owned companies.
All across the nation, women-owned companies are thriving. In Biz2Credit.com’s examining 10,000 small companies that applied for funding in 2013, the average earnings of companies owned by women climbed 54 percent.
Here is another sign that North Carolina women are succeeding. The average business credit score for a woman-owned company is 615, which was higher than the average credit score for a male-owned business (614).
Biz2Credit.com’s report also revealed that 32 percent of businesses in North Carolina that put in for loans were owned by women. Additionally, North Carolina-based companies owned by females apply for loans just over two years – 26 months – while male-owned firms apply on the average of 32 months. This shows confidence in the economy and in the ability to repay loans.
To read the full report, visit http://www.biz2credit.com/research-reports/analysis-of-women-owned-companies-2014.