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Latin Times
Latin Times
Business
Miguel Paiva

Latino Businesses Are Booming. Getting Loans Just Got Harder In 2026 As SBA Rules, Cautious Banks Limit Credit

A woman walks past 'My Quince World' in Chicago's Little Village on October 11, 2025. The quinceanera dress shops in Chicago's Little Village neighborhood are usually bustling enterprises, reflecting the buoyant mood of Latino families looking to a brighter future. Not any more. Businesses across the city's immigrant-heavy districts are in peril, thanks to a crackdown by President Donald Trump's administration that is rippling fear across communities and sending immigrants indoors and out of view -- regardless of their immigration status. At the heart of Little Village, nicknamed the Mexico of the Midwest for its vibrant Mexican-American culture, streets were eerily empty Friday night -- when the hub is usually thumping with energy. (Credit: Photo by OCTAVIO JONES / AFP) (Photo by OCTAVIO JONES/AFP via Getty Images)

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