Annual Revenues, Profits, and Loan Applications of Women-Owned Businesses Increased in 2014, According to Biz2Credit Study

New York, NY (PRWEB) March 11, 2015

Average annual revenues and loan approval percentages of women-owned companies increased significantly in 2014, according to, the leading online credit marketplace, which analyzed more than 15,000 applications from business owners on its platform during the last year.

Average annual revenues of women-owned business jumped to $ 127,222 in 2014, up from $ 91,488 in 2013 and nearly 40% higher in a year-to-year comparison. Meanwhile, average earnings rose to $ 67,950 in 2014, up from $ 54,114 in 2013.

In comparison, businesses owned by men generated about 50% more revenue ($ 193,268) on average than women-owned businesses. Further, average earnings for male-owned businesses were 55% higher ($ 105,805) than for companies owned by females.

“Our analysis shows that a gender-gap still exists, despite the increased profitability that we are seeing with women-owned business in recent years,” explained Rohit Arora, CEO of Biz2Credit, who oversaw the research. “However, women entrepreneurs should feel a sense of optimism, as the numbers indicate that the gap is narrowing.”

Meanwhile, average credit scores for women-owned companies dropped slightly below 600 in 2014, down from 610 in 2013. Meanwhile, average credit scores were 15 points higher for businesses owned by men (615) in 2014. However, average credit scores male-owned businesses also dropped from 630 to 615.

“More and more business owners are seeking credit because the improved economic conditions, although realistically not everyone is creditworthy. During the good times, more people are involved in the lending mix,” explained Arora, one of the nation’s leading experts in small business finance. “Many banks will not even consider granting a small business loan to companies that have credit scores under 600, so these types of business owners are forced to resort to higher-cost alternatives to funding.”

The Biz2Credit report showed that 36% more women-owned companies sought funding on the Biz2Credit platform in 2014 than in 2013. The average age of women-owned businesses applying for funding in 2014 was 31 months, up from the average age of businesses owned by women (27 months) in 2013.

“These are great signs of the growth in small business confidence,” suggested Arora. “Small businesses do not apply for funding unless they believe they can repay their debts.”

Approval rates for women-owned businesses were 29% lower than for male-owned businesses.

“In 2014, we saw male entrepreneurs return to the credit market after sitting out for a while. Generally, they owned longer established, more creditworthy businesses,” Arora said. “This accounts for much of the difference in approval rates.”

Key findings:

Average earnings for women-owned businesses rose to $ 67,950 in 2013 from $ 54,114 in 2013, an improvement of more than 25%
36% more women-owned businesses applied for credit in 2014 than in 2013
The average credit score for women-owned companies dropped from 610 in 2013 to 600 in 2014
Retail trade businesses represented 19.85% of the women-owned companies in the study, the largest category of businesses.

Statistics: Women-owned vs. Male-owned Businesses

Women to Men Ratio: 26% (4,061) vs. 74% (11,480) registrations on in 2014
Average Annual Revenue for women-owned businesses ($ 127,222) was $ 66,045 lower than the annual revenue of male-owned companies ($ 193,267) in 2014.
Average Operating Expenses: Women-owned businesses tended to have slightly higher average operating expenses. Expenses were 47% of earnings for women-owned businesses; 45% for male-owned companies
Average Credit Score: On an average, the credit scores for women-owned businesses (600) were 15 points lower than male-owned companies (615). The difference was 20 points in 2013.
Average Age of Business (in months): 31 vs. 37 for male-owned companies (the age of businesses applying for loans was lower for women-owned businesses)

Biz2Credit cited the following reasons for the improvement of the fortunes of women entrepreneurs:

The overall improved economy has made it easier for women-owned businesses to get loans.
Peer-to-Peer or “Marketplace Lending” by institutional investors in the small business credit marketplace is changing the industry. While big bank lending is up, they tend to focus on larger amounts. Marketplace lenders are charging attractive interest rates and offering longer terms, thereby taking market share from factors and cash advance companies.
With experience, women-owned businesses have become more competitive, more efficient, and more cost effective than ever before.
Online lending portals have made it easier for borrowers to reach banks, marketplace lenders, micro lenders and other types of financial institutions.
Startup costs of all types of businesses have gone down. Companies don’t need big offices, and many of them are hiring part-time employees who can work virtually from home on their laptops or tablets and smart phones.

About Biz2Credit

Founded in 2007, Biz2Credit has arranged more than $ 1.2 billion in small business funding throughout the U.S. and is widely recognized as the #1 online credit resource for startup loans, lines of credit, equipment loans, working capital and other funding options. Using the latest technology, Biz2Credit matches borrowers to financial institutions based on each company’s unique profile — completed in less than four minutes — in a safe, efficient, price-transparent environment. Biz2Credit’s network consists of 1.6 million users, 1,300+ lenders, credit rating agencies such as D&B and Equifax, and small business service providers including CPAs and lawyers. Visit, follow on Twitter @Biz2Credit, and Facebook

5 Tips to Prevent Identity Theft, According to

San Diego, Calif. (PRWEB) June 13, 2013

Identity theft is a problem affecting more and more consumers each year, and can have lasting impressions on consumers finances and credit scores over time. Because online criminals are incredibly hard to track and identity hacking software more sophisticated and lucrative than ever before, many experts point to prevention as the best defense against identity theft.

According to statistics from the U.S Department of Justice reported by USA Today, online credit card data theft increased 50 percent from 2005 to 2010, and “identity theft is expected to surpass traditional theft as the leading form of property crime.” And yet, many consumers are still unaware of the necessary precautions to take when it comes to preventing identify theft online and off.

Today, – an online authority on credit-related topics including identity theft – published the first in a new series of weekly tips on how to prevent identity theft. Beginning today and continuing each Wednesday for the next five weeks, Creditnet will publish a new article advising consumers on the best ways to prevent online credit card and identity theft.

For consumes most interested in learning about identity theft protection and prevention today, here are five tips Creditnet recommends consumers follow to prevent identity theft.

1.) Stick to securing sitting when online shopping

According to Creditnet, websites that feature a secured shopping experience are far from “bulletproof”, but they do offer an extra layer of security against online identity thieves and hacking programs. Secured websites are identified as including “HTTPS” at the front of the URL, and online shoppers can take security one step further by sticking with the online marketplaces they are most familiar with when online shopping.

Another tip for online shopping…

2.) Credit beats debit when it comes to online security

No doubt, debit cards that require a PIN are considered to be more secure when paying in person. But online, many personal finance experts will tell consumers that credit cards are the safest way to pay.

According to Creditnet, credit cards are considered more safe when shopping online because they limit the amount of damage an online hacker can do. Credit cards are isolated from a consumer’s personal bank accounts, so in the event of credit card fraud a consumer’s checking and savings accounts are spared.

Ultimately, the damage that can be done with credit card ID fraud is less than that of a checking or savings account-linked debit card, which is why they’re the preferred way to spend online according to experts.

3.) Invest in identity theft prevention products

Unfortunately, not all forms of identity theft can be tracked by the individual issuers. Identity thieves are also notorious for opening up bogus credit card accounts, running up huge tabs and ultimately leaving the bill for the unsuspecting consumer while wreaking havoc on their credit score.

By law, American consumers are entitled to one loose credit report yearly (consumers can apply at, however monthly and even daily impute monitoring via online services like Equifax and Identity Guard offer the most protection against identity theft.

For exemplifying, the Equifax Complete Family Plan includes fraud alerts and credit monitoring for to 2 adults and up to four minor children (kids under 18 are vulnerable to identity theft online, too), plus Internet scans warning members if their personal information has landed on suspicious websites. There are several other ID theft prevention tools available under this plan, which currently starts at $ 29.95 per month according to their site.

Similarly, Identity Guard