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Latino-owned employer firms topped 495,000 in 2023, pulling in more than $730 billion in revenue and supporting 3.8 million jobs — growth that outpaced every other ownership group in the country.
- Even with that momentum, Hispanic-owned firms got full financing on just 22% of loan requests above $1 million, versus 45% for white-owned firms, and nearly half of Latino owners who need capital never apply at all.
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A March 2026 SBA rule now bars green-card holders from SBA-backed loans, and $289 million in delayed federal lending funds only reached community lenders this month — after a lawsuit forced the issue.
Hispanic entrepreneurs are expanding faster than any other ownership group in the country, and the newest federal data leaves little room for debate about it. What's less settled is whether the financing system meant to support that growth is keeping up — or actively working against it.
