08 16 2013

08 16 2013

Female Minority-Owned Businesses Expand 156 Percent from 1997

Over the past several years, minority women have expanded their presence in the American small business world. According to the 2013 State of Women-Owned Businesses report released by American Express, women minority-owned companies increased by 156 percent between 1997 and 2013, and now make up one third of women-owned firms throughout the U.S. During that same time period, non-minority women-run companies grew by 32 percent.

In addition to the information presented on the prevalence of women in small business, American Express also provided data supporting the claim that there is a strong correlation between educational focuses and the business sectors minority women choose to pursue. For example, more highly educated owners tended to opt for entrepreneurship in the social services and health care industries.

The report also found that self-employed minority women who aren’t first-generation immigrants tended to focus on and benefit from networking activities. Dr. Sharon Freeman, president of the All American Small Business Exporters Association, said business owners with strong connections result in an improved access to capital, although women with ties to their home countries were more easily able to export businesses overseas.

If a small business owner is having trouble gaining access to working capital or has difficulty getting a small business loan, they can come to National Funding for assistance. National Funding can also help entrepreneurs expand business through equipment financing and can offer other financial advice.


  • How To Apply For A Small Business Loan

    Small business owners who find it difficult to get small business loans from traditional lenders, like banks, may find it easier to acquire a business loan from an alternative lender, like National Funding. Learn how to apply for a small business loan. Video Transcription Applying for a business loan can be an intimidating and complicated… […]

  • What Does Trump’s Executive Order Mean for Small Business?

    Small business owners will likely be seeing fewer regulations in the future. […]

  • National Mom and Pop Business Owners day

    National Mom and Pop Business Owners Day – March 29th

    Statistics from the federal government show about 28 million mom and pop businesses exist across the U.S. That number is all the more impressive when the number of large businesses - those with more than 500 employees - is taken into account. With fewer than 20,000 of these larger companies in operation, it's not an… […]

  • Celebrate National Small Business Week during the first week of May

    Celebrate National Small Business Week with Events in May

    The first week of May marks the country's annual celebration of small businesses. National Small Business Week will be recognized through Saturday, May 6, with plenty of opportunities for small business owners to participate in events, both online and in their communities. National Small Business Week was designed to highlight the significance small businesses have… […]