Things are looking peachy for women-owned businesses in Georgia.
Companies owned by females are on a rapid pace when it comes to applying for loans.
In the study reported by Biz2Credit.com, the average time period when a woman-owned company applied for a loan was just over two years at 26 months. Male-owned firms averaged 31 months before applying for funding. This represents confidence in women’s ability to pay back loans and in the U.S. economy overall.
Biz2Credit.com’s second annual report examined 10,000 small companies that applied for financing in 2013. The report also announced that, on average, the earnings of businesses owned by females rose 54 percent.
Running a company also costs less for women in Georgia. The report revealed that the average operating cost for a women-owned business is $39,681, while for men, the total is $43,165.
Biz2Credit.com also reported that 29 percent of the companies in Georgia that applied for loans were owned by females. But not all figures are so rosy for women. Male still dominate the revenue, averaging $129,650, while females take in an average revenue of $70,065.
To read the full report, visit http://www.biz2credit.com/research-reports/analysis-of-women-owned-companies-2014.