Average annual revenue for Latino-owned businesses ($258,251) in 2020-21 was $82,535, lower than their revenues the previous year ($340,787), a 24.2% decline, according to the annual Biz2Credit Latino-Owned Business Study. The analysis also found that average annual revenue for Latino-owned businesses was $45,435 greater than for non-Latino-owned companies ($212,816).
However, despite some superior performance measures, the funding rate for Latino-owned companies was 34.5%, slightly lower than the funding rate for non-Latino-owned firms 36.6% in 2020-21. Further, average loan size for Latino-owned companies was $47,031, compared to $81,156 for non-Latino-owned firms in 2020-21. READ MORE AT FORBES
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