SCORE for Hispanic Entrepreneurs

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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.

34 percent of Latino business owners that grew over the past 10 years, compared to 1% for all business owners

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

Revenue Comparison: Latino-owned Companies 1.2 million versus White-owned companies at 2.3 million

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

Percentages of business owners that convert their businesses from self-employed to employer based. 16% Hispanic versus 36% Non-Hispanics

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

Percentage of employers whose funding applications were denied. 6.2 percent Latino versus 3.1% Non-Minority

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

GET FREE BUSINESS ADVICE From Experienced Mentors

 

Mentors can:

  • Provide expertise & practical "know-how"
  • Help you optimize your business plans
  • Troubleshoot new strategies & ideas
  • Offer you proven business tools
  • Become your trusted small business advisor
  • And more!
 

Mentors are available to participate in remote mentoring sessions via phone, email, and video.

 

Get Involved: Volunteer with SCORE

When you volunteer with SCORE, you change individual lives, support small businesses, and empower entire communities. We're always looking for people to share their time, skills, and knowledge. No matter your background, we have the perfect role for you.

 

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!

Bigmedia Miami

Bigmedia Miami

Alfonso Lasprilla dug on his knowledge of the Hispanic community and their needs to build and grow BigMedia.

Read Success Story
Arturo's Mexican Restaurant

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. 

Read Success Story
Jackie's Empanadas On the Go

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.

Read Success Story
Infinity Technology Consultants

Infinity Technology Consultants

Eric Sanchez grew his company from a computer repair business to a full IT management company.

Read Success Story
Elderberry Elixer

Elderberry Elixer

Despite encountering barriers due to the pandemic, Leny Fralicker continued to grow her Elderberry syrup business.

Read Success Story
Molli Sauces

Molli Sauces

Leticia and Rodrigo Salas built Molli sauces so that home cooks everywhere could serve and experience authentic Mexican flavors in their kitchens.

Read Success Story

 

Resources for Hispanic Entrepreneurs

Check out resources created especially for Hispanic business owners.

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