SCORE is committed to helping all entrepreneurs succeed.
Hispanic-owned small businesses have grown 34% and contributed $500B to the U.S. economy over the last 10 years -- and show no signs of slowing down. Even with the growth and accelerating impact, Hispanic business owners face very real challenges.
Over the past 10 years in the U.S., the number of Latino business owners grew 34%, compared to all business owner group of just 1%.
Source: The International Society of Logistics
Hispanic-owned businesses remain smaller than white-owned firms, earning only $1.2M in revenue compared to $2.3M brought in by white-owned businesses.
Source: The International Society of Logistics
Among the universe of Hispanic business-owners, only 16% convert their businesses from a self-employed business to an employer-based business. Non-Hispanics, however, have a conversion rate of 36%.
Source: Stanford Business 2018 Research Report
Among those that attempted to receive growth funding from a financial institution, 6.2% of Latino employer firms did not receive the requested funds, compared to 3.1% for non-minority-owned firms.
Source: Stanford Business 2017 Research Report
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Mentors are available to participate in remote mentoring sessions via phone, email, and video.
Hispanic Entrepreneurs Who Turned to SCORE as a Partner in Their Success
With SCORE by your side, you don't have to go it alone. SCORE has helped countless Hispanic entrepreneurs find success in their small businesses. See how SCORE has helped some of the small business owners start and grow their small businesses. Yours could be the next success story!
Alfonso Lasprilla dug on his knowledge of the Hispanic community and their needs to build and grow BigMedia.
Arturo's Mexican Restaurant
Arturo Guillen runs Arturo’s Mexican restaurant and turned to SCORE to understand his financial records and find work-life balance.
Jackie's Empanadas On the Go
Jackie Mendive dug into her Argentinian roots to build Empanadas on the Go, frozen, homemade empanadas for busy people.
Infinity Technology Consultants
Eric Sanchez grew his company from a computer repair business to a full IT management company.
Despite encountering barriers due to the pandemic, Leny Fralicker continued to grow her Elderberry syrup business.
Leticia and Rodrigo Salas built Molli sauces so that home cooks everywhere could serve and experience authentic Mexican flavors in their kitchens.
Resources for Hispanic Entrepreneurs
Check out resources created especially for Hispanic business owners.
Women, especially Hispanic women, face a certain set of challenges when it comes to opening a small business. Read more
More Resources for You
Browse these additional SCORE small business resources for you.
Certain types of businesses will be scrutinized more than others in the loan process. Unfortunately, minority owned businesses are often dropped into the "high-risk" category before any real vetting is done.
The Chaga Company sources out the finest chaga that we infuse to drinks, treats, snacks, and spices. Chaga is a superfood closely related to a truffle with the highest known immune-modulating properties and antioxidants. Chaga has 35x higher antioxidants than acai with a versatile vanilla flavor.
Sean Gray, Economic Development Specialist with the U.S. Small Business Administration meets up with co-hosts Tom Nixon and Marc Trail to discuss the Payment Protection Program (PPP) and Economic Injury Disaster Loans (EIDL). Discussion also explores positive developments within the SBA business community.
El crédito que tenga tu empresa es una de las herramientas más importantes en tu arsenal como emprendedor.
From the Hispanic Alliance for Career Advancement to the Association of Latino Professionals for America, there are several professional networks for Latinas in the business world.
SCORE and other organizations have small business resources created with Hispanic entrepreneurs in mind.
Los dueños de pequeñas empresas y emprendedores de hoy enfrentan más competencia que nunca, pero los recursos educativos de SCORE le dan a tu empresa una verdadera ventaja competitiva.
Algunos de los motivos que las impulsan son estos cambios de vida post-pandémicos, a las políticas laborales obsoletas y a proyectos que son apasionantes para ellas, entre otras razones.
Women, especially Hispanic women, face a certain set of challenges when it comes to opening a small business.