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Earnings and business credit scores of women-owned companies soared in 2013, according to Biz2Credit.com, the leading online credit marketplace, which analyzed more than 10,000 applications from all across the U.S. on its platform during the past year. Average earnings for women-owned businesses rose to $54,114 in 2013 from $35,135 in 2012 -- a whopping 54% jump in a year-to-year comparison. Further, the average credit score for women-owned companies rose to 610 in 2013, up from 592 in 2012.

New York-based small business loan marketplace Biz2Credit said it analyzed average revenue, age of business, average credit scores and other financial data to determine the rankings. It defined "small businesses" as companies having fewer than 250 employees or less than $10 million in annual revenues.

According to the recent second annual women-owned business study by Biz2Credit, the average time period is just two years when a female entrepreneur applies for a loan. Meanwhile, in Illinois, a male-owned firm averages 31 months before it applies for a loan. That figure for the women-owned companies is lower than the average total of 27 months when women apply for loans, according to the Biz2Credit.

Latino entrepreneurs face challenges in securing financing and are more likely to borrow money from high interest, non-bank lenders, according to a study released today by Biz2Credit.com that looked at annual revenue, credit scores, age of business (in months), and operating expenses.

How it grew: With a website that makes it easy for small companies to apply quickly for commercial loans online, seven-year-old Biz2Credit has positioned itself for profit. Biz2Credit's ever-expanding group of lenders, including a number of small banks, is eager to make deals with small firms at a time when bank loans under $1 million have stagnated, according to a Federal Reserve Bank of New York survey. Last year, Biz2Credit facilitated $380 million in loans, up from $200 million in 2012.

A warm feeling has spread across the state of Florida for women business owners. In Biz2Credit.com 's second annual report of 10,000 small companies that applied for funding in 2013, on the average, the earnings of companies owned by women rose 54 percent.

As a small business owner, it is necessary to make financial projections to give an accurate sense of what the future looks like. Year-end financial projections for the year ahead are crucial towards making better decisions and keeping your small business in check. These financial projections should be based on your small business's accounting data, such as expenses and cash flow. Using this information can help you better guide your company in a goal-oriented manner during 2014. Read on for some types of financial projections that could aid your small business.

The small business world can at times be very unpredictable. The government shutdown last year, for example, certainly did not do America's small businesses any favors. While there is no way to predict the future with 100% accuracy, here is a guide of what 2014 might hold for small business entrepreneurs.

As 2014 begins, aspiring entrepreneurs are challenging themselves to create and abide by their New Year's Resolutions. This is the chance to start off with a clean slate; go out and do what you've always told yourself you were going to do. Perhaps this is the chance to get out there and start that business you've always dreamed about.

There is often a debate in the heads of small business owners over whether they should buy that new piece of equipment or just lease it. It may seem to be a small question with only month to month ramifications, but that fact is that the choice made can affect your tax return as well. It may do so even if you do not intend for it to.

A New Year means a fresh start for many, and what better way to kick things off than by opening your own business? Startup business loans are out there waiting for savvy entrepreneurs to snatch them up and put them to good use, but how exactly does one do that? These 5 tips should help you prepare to take on the world of business ownership by storm.

Most entrepreneurs want to cast a wide net when applying for loans. Traditional bank loans, secured business loans or unsecured business loans… these are all valid questions that small business owners often consider when seeking funding.

Can I Get a Small Business Loan from the Government? This is the question on many an entrepreneurs' minds, and the answer is not so cut and dry. The short answer is no, there is no such thing as a government small business loan. However, there is gray area.

Many people are under the impression that marketing is difficult and expensive. However, some of the most effective marketing strategies can actually be quite affordable. There are many ways to spread the word about your small business.

Initiatives, such as product development, take some time to produce revenue, but there are other expenses that you can calculate right away, based on benchmarks in the industry and other financial projections.

Earnings and business credit scores of women-owned businesses soared in 2013, according to Biz2Credit.com, the leading online credit marketplace, which analyzed more than 10,000 applications from all across the U.S. on its platform during the past year.

Once a Marine, always a Marine. They stand for an uncompromising code of personal integrity; accountability, self-reliance and discipline. honor, courage and commitment are the bedrock of a Marine's values," Wentz says. These are values that apply to entrepreneurs and their commitment to their businesses.

Do you need to make changes to your products' prices, in order to adjust your small business's bottom line? Many entrepreneurs are hesitant to do this because they are afraid of alienating their current customers. The success of your pricing policy depends on how the policy is implemented. Part of this means timing the pricing change carefully, and predicting your competitors' reactions to the pricing change.

You may not realize it, but your website can damage your ability to get a loan. It would be crazy to imagine that if you have an existing business website when you apply for a loan your lender would not look at it. What do you want them to see? You want them to see a site that will draw and keep customers. After all, how can you pay back a small business loan if you do not have customers?

Making more money is the obvious way to increase your bottom line, but just as you try to save when spending your personal budget, you want to save when spending , as well.Similar to using coupons for grocery and household items at home, looking for discounts and ways to save money during the daily course of business is essential to success.