Latinos are the fastest growing ethnic group in the U.S. and also have experienced the most significant growth among small businesses. In fact, Latino-owned companies comprise 3 million U.S. businesses, and that figure doubles every five years. These companies generate an estimated $500 billion in sales annually. Demographers are predicting that by 2020, there will be about 12 million Latino-owned businesses.
While the number of businesses owned by Latinos continues to rise, the challenges in securing capital have not shrunk. This week, former SBA Chief Hector Barreto, now the chairman of The Latino Coalition, met with me at Biz2Credit’s offices in New York to discuss how to increase the flow of capital to entrepreneurs in his community. READ MORE
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