Latino business revenue growth should be a key metric in helping them gain capital, "but they continue to fall short,” says Stanford University research analyst Marlene Orozco.Despite being the fastest-growing segment of the U.S. small business ecosystem, Latinos continue to struggle to secure capital from national banks.from the Stanford Latino Entrepreneurship Initiative.
Stanford’s report found that only 20 percent of Latino-owned businesses that applied for national bank loans over $100,000 obtained funding, compared to 50 percent of white-owned businesses. When looking at loans of all sizes, the percentages change, but not the gap: among Latinos, 51 percent received loans versus 77 percent for whites.
The annual study examines data covering over 3,500 Latino-owned businesses. The 2020 report expanded the data pool to include 3,500 white-owned businesses as a benchmark group to compare and quantify performance. “The data counters the idea that Latinos are only growing in service-related industries,” said Orozco. “We are seeing multifaceted growth across states and industries including construction, finance and insurance, transportation, and real estate.”
NBCLatino Unfairness of distribution of aid in 1st stimulus was full of fraud & less on need & fairness. Get deserving local businesses $ they need to survive (so many of my neighborhood favorites already gone forever!). The 4 times more in taxes I paid than Trump, should go to worthy.
NBCLatino Wait till all you dumb asses make minimum $15 per hour, then check the numbers.
NBCLatino It seems like there should be a formula applied equally to everybody when getting a loan. Like 10% down, the skills to do it, and a sound business model.
NBCLatino 주께서 밭고랑에 물을 넉넉히 대사 그 이랑을 평평하게 하시며GrandVigilExpo 2021.02.06
NBCLatino While back, Fed. Chairman stated that he will look into this matter, means he was well aware of it. But so far, seems nothing changed.