There are more than 11.6 million women-owned businesses in the United States. Collectively, these companies generate $1.9 trillion worth of annual revenue. This Balboa Capital infographic has these and many other facts about women business owners.

1. BY THE NUMBERS:
SPOTLIGHT ON WOMEN
BUSINESS OWNERS
Women's Business Ownership in the United States.
Female-owned companies in the U.S. are thriving.
11.6MILLION
Number of women-owned
businesses.
825
Women-owned businesses
are started each day.
99%
Of all women-owned firms
are small businesses
(fewer than 500 employees).
20
Of all companies with
$1 million or more revenue
is woman-owned.
% 39
Of all small businesses
are owned and operated
by women.
%
The number of
women-owned
businesses
has increased
3,000%
Here are the five states with
the fastest growth rate for
women-owned businesses.
TOP 5 LIST
since 1972.
2.5
The number of
women-owned
businesses is
growing at
times the
national average.
1. Florida
2. Georgia
3. Texas
4. Michigan
5. South Carolina
39
Average age of
women when they
start their companies.
$1.9TRILLION
Annual revenue of
women-owned businesses.
9.1Number of employees who
work at women-owned firms.
MILLION
$280
Annual payroll of
women-owned businesses.
BILLION
15% Of all employees work at
women-owned companies.
105%
Amount that women-owned
business revenues have
increased since 1998.
Less than $5,000 $5,000 to $24,999 $25,000 to $249,999 $250,000 or more
56%
24%
17%
3%
0
10
20
30
40
50
60
2018
Top sources of startup financing
for female entrepreneurs.
Amount of capital women need to start their companies.
STARTUP COSTS
STARTUP FINANCING
1. Personal/family savings
2. Business loan
3. Personal credit card(s)
4. Personal/home equity loan
5. Business credit card(s)
INDUSTRY BREAKDOWN
1. Other services (e.g., pet care)
2. Healthcare/social assistance
3. Business services
4. Management consulting
5. Retail
Restaurant/food trucks
Childcare
Construction
Accounting services
Arts and entertainment
Here are the top five industries
for women-owned businesses.
TOP 5 LIST
There has been a steady increase
in the number of women-owned
businesses in these industries.
RAPID GROWTH
The number of
minority
women-owned
businesses
has increased
Minorities account for 48% of all
women-owned businesses.
52%
Non-Minority
19%
African American
17%
Hispanic
9%
Asian American
2%
Native American/Alaska Native
1%
Other
170%
ETHNIC DIVERSITY
since 2010.
SHARE OF ALL
WOMEN-OWNED FIRMS
This infographic was created by Balboa Capital,
a technology-driven financing company that provides
business owners with fast, hassle-free solutions to fuel
their growth and success.
Sources: National Association of Women Business Owners,
Inc.com, BusinessWomen.org, National Women's Business
Council, SBA.gov, American Express OPEN
www.balboacapital.com