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Financing options for women-owned businesses.

Publication: Los Angeles Business Journal
Publication Date: 26-AUG-02 		Format: Online - approximately 1022 words
Delivery: Immediate Online Access
Full Article Title: Financing options for women-owned businesses.(Statistical Data Included)

Article Excerpt
While the steady rise in women-owned businesses in Southern California over the past decade has been an encouraging economic sign, the issue of securing true business financing remains a significant obstacle for women who want to get beyond using their personal savings, credit cards and family members to finance their ventures. And though this is not a problem exclusive to women business owners, nearly one-third of women who responded to a recent Center for Women's Business Research survey indicated that finding financing for their start-ups and active businesses remains their biggest challenge.

In a recent report by the Center, 213, 750 women-owned firms in Los Angeles County employ almost 364,000 people and generate $52.2 billion in sales. It is estimated that between 1997 and 2002, the number of women-owned firms in the region increased by seven percent, their numbers of employees grew by 50 percent, and sales increased by 62 percent.

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