.

Hispanic Entrepreneurs

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.

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!

“SCORE has been the best decision we've made since we decided to start our business.”

– Vanessa Guerrero-Pinate, Chamos Language Academy

 

Employment threshold statistics for Hispanic entrepreneurs

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%.

Stanford Business 2018 Research Report

Revenue comparison between Hispanic and White owned businesses

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.

The International Society of Logistics

Business growth comparison infographic

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%.

The International Society of Logistics

GET FREE BUSINESS ADVICE

From Experienced Mentors

SCORE business mentors can help you start, grow, or transition your business. Enter your zip code above to get matched with a business expert near you!

"What I've learned is to ask for help from experts. If you can tap into resources that can help you in difficult times, this is really important. This is what I do for my SCORE clients. I serve as that resource. And this is why I volunteer and give back to my community. I feel very fortunate and happy to do whatever I can."

Ricardo Casas,

SCORE Volunteer Mentor

Headshot of SCORE Mentor Ricardo Casas

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!

Elderberry Elixir

Elderberry Elixir

"My mentor has been a profound encouragement to me. She has one of the most uplifting and inspiring personalities. There has not been one Zoom meeting that I leave without feeling motivated [to] do better and achieve more."

Chamos Language Academy

Chamos Language Academy

Guerrero-Pinate and Guerrero attended a host of SCORE workshops as they prepared to launch their business. They also worked with SCORE mentor Rob Duncan, who guided them from the idea phase to their launch. ‘As challenges and problems arose he guided us and kept us on task so we could keep moving forward,’ they say

Bigmedia Miami

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'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'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

Infinity Technology Consultants

Eric Sanchez grew his company from a computer repair business to a full IT management company.

Molli Sauces

Molli Sauces

Leticia and Rodrigo Salas built Molli sauces so that home cooks everywhere could serve and experience authentic Mexican flavors in their kitchens.

ELDERBERRY ELIXIR

Small Business Journey

"My mentor has been a profound encouragement to me. She has one of the most uplifting and inspiring personalities. There has not been one Zoom meeting that I leave without feeling motivated [to] do better and achieve more."

Check Out Their Journey

Leny Fralicker

Resources for Hispanic Entrepreneurs

Check out resources created especially for Hispanic business owners.

Narrow by
Article

Grant Search 101

Article Language: English

There is no one-stop-shop for all grants or even for all potential grantees. Researching grants will always take time, knowledge of where to look, and even a little luck finding... Read more

Blog

Choosing the Right Legal Entity to Secure Funding

Article Language: English
October 11, 2022,

According to a report in Forbes, The 2021 State of Latino Entrepreneurship Report shows that Latino-owned businesses are growing faster than other businesses in the U.S. However, this good news is tempered by a disparity in how Latino-owned firms were able to raise capital. According to the report, Latino-owned businesses are more likely to encounter obstacles while obtaining the funding needed to start and grow their businesses, despite Latino-owned and white=owned businesses posing a similar credit risk.

Template

Modelo de Plan de Negocio para un “Startup"

Idioma del recurso: Español

Un plan de negocio de Startup sirve para varios propósitos. Leer más

Blog

Starting Out Right: Building Business Credit

Article Language: English
October 13, 2021,

Building and maintaining business credit is vital to the long-term health of your small business. Learn how in this blog.

Blog

8 Professional Networks for Latina Professionals or Entrepreneurs

Article Language: English
September 30, 2021,

From the Hispanic Alliance for Career Advancement to the Association of Latino Professionals for America, find the professional networks for your growth.

Blog

State of Hispanic-Owned Businesses

Article Language: English
September 28, 2021,

Hispanic Businesses are growing at an astonishing rate. Discover more about the state of Hispanic-Owned businesses.

Pages