2019 Corporate Partners

More Latinos own businesses but can't get capital to grow

Although one in four new businesses are Latino-owned and contribute more than $700 billion in sales to the U.S. economy every year, a new study has found that the businesses face significant barriers that keep them from increasing their revenues and building up wealth.

According to a report titled Latino-Owned Businesses: Shining a Light on National Trends, three main hurdles hold back Latino business owners’ economic growth: credit score problems, limited funding sources and a business knowledge gap. READ MORE AT NBC NEWS

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