Female entrepreneurs optimistic about 2012

A new survey found women business owners have high expectations for the months ahead and some plan on obtaining more investment loans with which they can continue their growth. The survey, conducted by Web.com and the National Association of Women Business Owners (NAWBO), found 81 percent of female entrepreneurs were confident about their business' performance for 2013 and 74 percent had a positive outlook on the economy in general. Eighty-five percent of women also believe more females will launch their own companies this year, indicating they're convinced now is a good time to launch a new enterprise. 

"The 2013 State of Women-Owned Businesses Survey reveals that even in these tough economic times, women entrepreneurs are optimistic about business opportunities for the year ahead," said Diane Tomb, NAWBO president. "The survey informs us of the challenges and opportunities facing NAWBO members as well as women business owners in general. At NAWBO we will strive to address these issues on behalf of all women entrepreneurs."

Will more females seek business financing in 2013? 
Businesswomen think more female will launch companies in the coming months, but how will they finance these startups? According to survey results, female entrepreneurs often find alternative routes for obtaining lending. Seventy-eight percent of those surveyed had not sought a new or extended line of credit in the past year. Many women rely on other funding routes: 45 percent use credit cards, 40 percent use business earnings and another 37 percent use their personal savings or borrow from loved ones. 

However, business owners shouldn't stray from traditional financing just out of a fear of denial. As the economy improves, more institutions are lending again, especially small and mid-sized banks. Women entrepreneurs struggling without growth capital may find it beneficial to look to local banking institutions for the loans necessary to expand their companies. 

Aside from providing more lending, smaller banks can also provide all entrepreneurs with more personalized options. Women business owners looking for a bank that can provide a special touch and more unique solutions may be surprised at the range of services their mid-sized bank can offer. Working with financial professionals at these institutions can prove to be a great help for a businesswoman looking to obtain loans or access the lending necessary to expand, both in domestic markets and overseas.

Content presented by Bridge Bank, offering flexible, customized solutions for entrepreneurs.

Getting Started

Find your ideal banker:

Select any filter and click on Apply to see results

Featured Insights

Finding startup financing for a new enterprise or funding for a business expansion can be a challenging obstacle to...

Small business banking should be seeing a boon in the coming months provided trends continue if a recent...

Craft breweries are getting some much-needed help in making the shift to sustainable practices. The Green Brewery...

Small-business owners' confidence levels ticked up slightly last month. According to the National...

Americans' financial outlook is trending upward as consumer confidence levels...

Clarity can go a long way toward convincing an investor to buy a stake in your business. If you believe your company...

Recurring revenue lending is an alternative form of senior debt financing that is particularly useful to growing...

In 1999, Shawn Boyer was helping a friend search for internships and was shocked to find a lack of job boards or...

Small-business owners often have to scrimp and save in order to properly handle cash management issues. For many...

The Massachusetts Growth Capital Corporation in partnership with Governor Charlie Baker's administration...

Recent News

05/21/15
Michael Hengl and Ryan Banta to lead new teams at Bridge Bank San Jose, CA – May 19...
05/19/15
San Jose, CA – May 19, 2015 – Bridge Capital Holdings (NASDAQ:BBNK), whose...
05/08/15
The US dollar has given up roughly 3.5% against the Euro this week and, with the...
05/07/15
San Jose, CA – May 7, 2015 – Bridge Capital Holdings (NASDAQ:BBNK), whose subsidiary...
05/01/15
More disappointing economic data out of the U.S. and the UK along with substantial...
04/24/15
With a great deal of volatility and choppy trading, the week’s activity has revealed...
04/20/15
Conference Call and Webcast Scheduled for Monday, April 20, 2015 at5:00 p.m. Eastern...
04/17/15
Our beloved World Champion San Francisco Giants played their home opener on Monday...
04/10/15
The Fed’s FOMC Minutes, released on Wednesday, were the focal point of the week as...
04/07/15
San Jose, CA – April 7, 2015 – Bridge Capital Holdings (NASDAQ:BBNK), whose...

Twitter

Featured Insights

Featured Insight

Clarity can go a long way toward convincing an investor to buy a stake in your business. If you believe your company...

Featured Insight

Recurring revenue lending is an alternative form of senior debt financing that is particularly useful to growing...

Featured Insight

In 1999, Shawn Boyer was helping a friend search for internships and was shocked to find a lack of job boards or...

Recent News

Finding startup financing for a new enterprise or funding for a business expansion can be a challenging obstacle to...

Small business banking should be seeing a boon in the coming months provided trends continue if a recent...

Craft breweries are getting some much-needed help in making the shift to sustainable practices. The Green Brewery...

Twitter