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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.
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
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.
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
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.
Elderberry Elixer
Despite encountering barriers due to the pandemic, Leny Fralicker continued to grow her Elderberry syrup business.
Molli Sauces
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.
10 Essential Sites for Hispanic Business Owners
Ten resources that advance, promote, support, and help Hispanic businesses to grow and thrive. Read more
Advice for First-Time Hispanic Entrepreneurs
If you’re considering joining the ranks of thousands of Hispanic business owners, there are a few factors you should consider. Read more
The Megaphone Of Main Street: The Impact of Covid-19, Infographic #1 - Impact on Hispanic-owned Small Businesses
SCORE’s latest infographic highlights the challenges of Hispanic entrepreneurs during the pandemic. It highlights the findings of “The Megaphone Of Main Street: The Impact of... Read more
More Resources for You
Browse these additional SCORE small business resources for you.
- Strategy & Planning (22) Apply Strategy & Planning filter
- Business Plans/Startup Assistance (6) Apply Business Plans/Startup Assistance filter
- Financing/Capital (5) Apply Financing/Capital filter
- Operations (3) Apply Operations filter
- Other (3) Apply Other filter
- Accounting & Cash Flow (2) Apply Accounting & Cash Flow filter
- Legal Issues (2) Apply Legal Issues filter
- Marketing, Public Relations & Sales (2) Apply Marketing, Public Relations & Sales filter
- Franchising (1) Apply Franchising filter
- Human Resources (1) Apply Human Resources filter
Como Administrarel Dinero para Sobrevivir la Pandemia
Observe los cambios que puede realizar en su negocio y comprenda lo que eso significa para sus ventas y costos. Leer más
State of Hispanic-Owned Businesses
Hispanic Businesses are growing at an astonishing rate. Discover more about the state of Hispanic-Owned businesses.
Retos que la mujer hispana enfrenta al lanzar un negocio y cómo sobrellevarlos
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.
Challenges that Hispanic Women Face When Starting Up, and How to Overcome Them
Women, especially Hispanic women, face a certain set of challenges when it comes to opening a small business.
Starting Up with the Right Business Structure
Choosing your business structure is particularly important for Hispanic entrepreneurs and business owners.
Lanza tu negocio bajo la estructura correcta
Lanzar y desarrollar una empresa es un reto para cualquiera. Muchos empresarios nuevos desconocen los pasos para incorporar sus empresas, obtener un número de contribuyente fiscal (Tax ID en inglés), o abrir una cuenta bancaria empresarial
Administrator Guzman and Jennifer Lopez: Pathways to Entrepreneurship - A Fireside Chat
This conversation is a part of the SBA’s kick-off to Hispanic Heritage Month and will be a key activation for Support Latino Business Day. Read more
Small Business Resilience - Tools Small Businesses Use to Remain Resilient
We will look at the impact of COVID and delve into how the pandemic has affected U.S. small businesses and what resources are available to help businesses survive and thrive. Read more
Support Latino Biz: How these Mayors are Leading the Way
Join SBA at a roundtable with Mayors who signed official proclamations recognizing and encouraging support for our Latino/x-owned businesses that are the backbone of our local... Read more
Promoción de video: Como mejorar la imagen visual de su negocio
Únete con Jose y aprende los Principios básicos de diseño, Conceptos y aplicaciones con color, y Creación de diseños basados en marcas/logos para redes sociales. Leer más
Proteger Tu Negocio Frente a lo Inesperado
Desarrollar un plan de continuación del negocio, en caso de fallecimiento o discapacidad del dueño, es importante para el continuo bienestar del negocio y de la familia. Leer más
Funding Options for Hispanic Owned Businesses in the "Missing Middle" Gap
Access to capital continues to be one of the major factors blocking the progress and growth of Hispanic business owners. Read more