With small business startup news mostly negative as far as bank lending is concerned, the majority of female small business owners have taken to financing their businesses with credit cards and their personal savings, according to a recent survey by PNC Financial Services Group.
The survey found that 59 percent of female small business owners used a business credit card and 44 percent used personal or family savings to fund their businesses.
Of the 1,300 female small business owners surveyed, 11 percent said their businesses were surpassing expectations. About half said their businesses were meeting expectations, and 51 percent said they expect their sales to increase.
“Our womens survey findings reinforce that the U.S.
