Latino small business owners are increasing in number. But the Latino business community still lacks access to that -oh-so-important resource: capital.
Latinos are one of the fastest-growing segments of small business owners in the United States. Estimates suggest by the end of the decade there could be as many as 12 million small businesses owned by Latinos.
A recent report from Biz2Credit, a website connecting small businesses with lenders, suggests assistance is needed to give Latino and other small business owners greater access to the capital they need.
The “Biz2Credit Small Business Lending Index” from March 2013 shows loan approval rates increased for the fourth consecutive month at small banks. Those rates reached an all-time index high of 50.8%. Rohit Arora, co-founder of Biz2Credit.com, says the numbers suggest the recovery is starting to bring relief to some small business owners. READ MORE
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