3 Resources for Hispanic Business Owners

Hispanic heritage month falls from September 15th through October 16th; Hispanic owned businesses make up a small percentage of all businesses but their number has grown by over 43 percent in five years. Hispanic owned businesses now exceed over two million according to the U.S. Census Bureau’s 2007 Survey of Business Owners.

Businesses ranged from construction to retail to healthcare and several other industries. California, Florida, and Texas were the top three states with the most Hispanic owned businesses. If you’re thinking about become an entrepreneur and opening up your own small businesses there are many resources available for Latinos.

Small Business Development Centers
Administered by the Small Business Association they may assist small businesses with marketing, organizational, engineering, and financial issues. SBDC’s can be found in every state, Puerto Rico, and the U.S territories. Their resources are free and additional training may be available at low costs. Some other valuable resources include help for veterans, counselors, webinars disaster assistance, and more.

United States Hispanic Chamber of Commerce
The mission of the USHCC is to bring the issues and needs of the Hispanic business community to the forefront and to work with members of the government to resolve any issues and concerns the community may have. The USHCC offers several programs including training seminars, youth entrepreneurship programs and an annual convention where members can gather to network.

National Hispanic Business Women Association
NHBWA is a members-only association that offers many benefits for women in business to network, learn, market, and grow their businesses. Along with seminars members may also receive business to business referrals scholarship opportunities, and various financial resources.

The Takeaway

Small businesses are a large part of the economy, and Hispanic owed small businesses are growing. There are many valuable associations Hispanic business owners can turn to for help. AmOne® is one valuable resource for those in need of a start-up business loan or small business loan. We can help connect you to a lender that can assist you. Contact us today to discover what your loan options are.