How women are funding their business
A new survey of women who own small businesses reveals that more than half are using personal savings to fund their business. That’s one of the results of a new Balboa Capital survey released for National Women’s Small Business Month in October, BizWomen.com reports. The survey also showed that 26 percent use personal and business credit cards to fund their businesses, and 19 percent use a business line of credit. That’s significant since there is tremendous growth of women-owned businesses — a 45 percent increase since 2007, generating $1.6 trillion in revenue.
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