A recent analysis confirms this There are more and more businesses with Hispanic ownerscompared to Americans.
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About half of Latino business owners are immigrantsCompared with the 7% of white non-Hispanic business owners, according to a Stanford Latino analysis entrepreneurship initiative, Who studied companies with employees and at least $10,000 dollars in income.
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The vast majority of Latino-owned businesses are predominantly family-owned operations, which also face a financing challenge. 42% of new businesses owned by Hispanic owners have been denied creditCompared with the 25% of new white-owned businesses, according to data from the Federal Reserve's 2022 Small Business Credit Survey.
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