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March 25, 2021·4 min read Biz2Credit Study Finds Credit Scores and Average Earnings of Women-Owned Businesses Rose, Yet Loan Approvals Lagged in 2020 The annual Biz2Credit Women-Owned Business Study found that although revenues dropped for women-owned firms in 2020, their earnings grew, primarily because expenses decreased during the pandemic. Women-owned business earnings averaged $330,226, higher than in 2019, but $421,928 less than the average for male-owned firms ($716,842) in 2020. The analysis also revealed that while the average credit score (597) for a female business owner increased from 590 last year, it was 23 points lower than the average score of a male business owner (620) in the study. The Biz2Credit study reviews 40,0000 credit inquiries from across the country for the full prior year (2020) and examined the financial performance of women-owned small- to mid-sized companies in the United States. Despite austerity imposed by the COVID-19 pandemic many women owne

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