Female small business owners are one of the fastest-growing sectors of our economy, according to the Small Business Administration (SBA). Based on the 2018 American Express OPEN State of Women-Owned Businesses report, 1,821 new businesses a day were started by women over the past year, with small business loans for women being an integral component of these new companies. In the United States, four out of every 10 businesses, or 40%, are women-owned.
Between 2007 and 2017, the total number of small businesses increased by 12%, while the number of women-owned small businesses increased by 58%. In that timeframe, employment in women-owned businesses rose 21%, whereas for all businesses the employment rate declined 0.8%.
Business women of all levels of experience may qualify for loans, whether they're expert entrepreneurs or brand-new ones.
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