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 Special Information For Women
Business Owners
Did you know that some funding sources out there specifically target woman and/or minority-owned business? Through U.S. Small Business Administration (SBA) and non-SBA programs, lenders offer competitive interest rates and flexible underwriting. With DMR technical assistant you’ll get help to grow your business.
Key Facts About Women-Owned Businesses
(from Center for Women’s Business Research)
The Overall Picture
- Nearly 10.4 million firms are owned by women (50% or more).
- They employ more than 12.8 million people, and generating $1.9 trillion is sales.
- For the past two decades, majority women-owned firms have continued to grow at around two times the rate of all firms (42% vs. 24%).
Businesses Owned by Women of Color
- There are 2.4 million firms owned 50% or more by women of color in the U.S.
- They employ 1.6 million people.
- They are generating nearly $230 billion in sales annually.
- Asian women employer firms have the highest survival rate of all women-owned firms with 77% of their businesses in operation in 1997, still in business in 2000.
Women-Owned Businesses Without Employees
75% percent of all firms do not have employees. 81% of women-owned firms are without employees, for a total of 5.4 million firms.
Banking and Finance
Women business owners who obtained capital persevered, making an average of four attempts to obtain bank loans or lines of credit and 22 attempts to obtain equity capital.
Does your woman owned business need to finance its growth to expand?
If so, CLICK HERE to contact our president, Kay Barrzon, about how DMR Business Solutions can help you find the right financing.
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