Nearly a quarter of Latino businesses say they're doing better than before pandemic, a new report finds.
bank loans at higher rates than white businesses even when they have similar credit scores or higher revenue rates, the report says.Latino businesses also struggled more with employee retention and hiring than their white peers, according to the report.success is pegged in part to securing more government contracts, the survey found those awards were 31 times smaller on average than contracts for white non-Hispanic businesses.
She says Stanford hopes the data serves as a launching point for businesses and decision makers, notably governments and banks or capital providers, to find ways to even the playing field for the benefit of the overall economy.As the fastest-growing small business group, Latino-owned firms are fueling the U.S.
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