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GREAT AGAIN: Revenue for Latino-owned businesses jumps 46% in Trump’s America

Latino-owned businesses are thriving in Trump’s America, with explosive growth over the last year in particular.

The average revenue for Latino-owned businesses jumped 46.5 percent in fiscal year 2019 to $479,413 – an increase of about $150,000 over 2018, according to an annual study by Biz2Credit, a small business financing company.

The online lender used its platform to analyze 2,900 Hispanic-owned businesses and 32,000 other companies that submitted funding requests, focusing on only those with 250 employees or fewer and under $10 million in annual revenues.

“Latino-owned businesses have grown 31.6% since 2012, and our research finds that revenues of Latino-owned companies jumped 23 percent from 2017-18,” Rohit Arora, Biz2Credit’s CEO, said in a prepared statement. “Latino business are thriving and expanding, and they help contribute to the overall strength of the U.S. economy.”

The study showed the average credit score for Latino businesses dipped slightly from last year, going from 594 in 2017-18 to 588 last year, while the number of credit applications from those businesses increased by 23 percent over the same time period.

Read the full story from The American Mirror

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