The struggle is real.
Latino businesses face a 60% lower loan approval rate from national banks compared to others. This makes self-financing their businesses a necessity, but it also limits resources and slows growth.
Here's the catch-22: Without capital, securing further funding is difficult. This restricts investment in marketing, talent, and technology, hindering their competition with well-funded businesses.
The irony?
Despite limited access, Latino founders continue to build profitable businesses. They are effectively doing much more with less to no investment.
Having funded their own businesses, Latino entrepreneurs have honed their fiscal responsibility, demonstrating their reliability as founders.
They are one of your safest bets if you're an investor.
Here's another twist: Starting a business often requires high-risk tolerance. Latino entrepreneurs often take the biggest personal risks - maxing out credit cards and using family savings.
They're brimming with self-belief.
And they’re building businesses that power our economy.
Imagine what they could achieve with proper funding.
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Latino Leadership Institute
Elevating Latino/a/x/e’s to the Boardroom | Global Connector | Latino Corporate Directors Association (LCDA) | Reducing Your Network Gap | #diversityincludeslatinos | Latino, LGBTQ+, Parent of Twins
5 个月Victor, you know how to lead the way. Here to follow along with you. Gracias!