Negocios Now

www.negociosnow.com Febrero 2023 19 THE LATEST REPORT FROM STANFORD UNIVERSITY ALSO REVEALS THAT LATINO BUSINESSES SAY THEY'RE BACK FROM PANDEMIC. DaviD SteinkrauS T he eighth report on the state of Latino entre- p re n e u r s h i p s h ow s that good qualifications don't translate into capital. The report comes from the Latino Entrepreneurship Initiative at the Stanford Graduate School of Business. Latino-owned businesses applying for loans from natio- nal banks in 2019 and 2022 had a gross revenue three times larger than white-owned busi- nesses, the report says. Compa- red to white-owned companies, Latino-owned companies also had about half the amount of outstanding debt, slightly hig- her credit scores, lower total expenses, and fewer payroll employees. Latino firms were least suc- cessful asking for loans of more than $500,000. They received 67% of the requested amount, compared to 85% for white- owned companies, the report says. The two types of companies were closest when asking for loans of $100,000 to $499,00. Latino firms received 71% of the requested amount. White- owned firms received 79%. Loans of $50,000 to $99,900 showed the greatest disparity. Latino firms received 40% of the requested amount while white- owned firms received 78%. Latino-owned companies were more successful asking for loans of less than $50,000. They received 64% of the amount requested, the report says, whi- le white-owned firms received 49%. POST-PANDEMIC Compared to white-owned businesses, the report says, Latino-owned businesses are more likely to say they have recovered from the pande- mic and are doing better than before it happened. The growth rate of Latino- owned businesses was 25% during the pandemic from 2019 to 2022. White-owned busines- ses grew 9% during the same period, according to the report. From 2007 to 2019, annual payrolls for Latino-owned businesses grew more than twice as fast as they did for white-owned businesses, and their revenue growth outpa- ced white-owned firms, the report says. NATIONAL BASIS The Stanford report is based in part on a national survey of 5,011 Latino-owned businesses with at least one employee other than the owner. For comparison, the survey also collected infor- mation from 5,017 businesses owned by non-Hispanic whites. All companies surveyed gene- rated at least $10,000 in annual revenue. According to the U.S. Census Bureau's 2022 population esti- mates, Latinos comprise 19% of the population, or about 63 million people. Latinos com- mand an economic output of $2.8 trillion, says the institute report. "The 8th annual SOLE report highlights the remarkable achievements of Latino entre- preneurs whose success is reflected in the rapid growth of new businesses, creation of jobs, and their ability to adapt business practices in the after- math of the pandemic," Barba- ra Gomez-Aguinaga, Ph.D. and associate director of the initia- tive, said in a press release. The full report is available from the Latino Entrepreneurs- hip Initiative at the Stanford Gra- duate School of Business: https:// www.lban.us/research. Report: Good ratings no help with Latino business loans L as empresas propiedad de latinos que solicita- ron préstamos de bancos nacionales en 2019 y 2022 tuvie- ron un ingreso bruto tres veces mayor que las empresas propie- dad de blancos, dice el informe. En comparación con las empresas propiedad de blan- cos, las empresas propiedad de latinos también tenían aproxi- madamente la mitad del monto de la deuda pendiente, punta- jes crediticios ligeramente más altos, gastos totales más bajos y menos empleados de nómina. Las firmas latinas fueron las menos exitosas al pedir présta- mos de más de $500,000. Reci- bieron el 67% de la cantidad solicitada, en comparación con el 85% de las empresas de pro- piedad blanca, dice el informe. Los dos tipos de empresas estuvieron más cerca al pedir préstamos de $100,000 a $499,00. Las firmas latinas recibie- ron el 71% del monto solici- tado. Las empresas de propie- dad blanca recibieron el 79%. Los préstamos de $50,000 a $99,900 mostraron la mayor disparidad. Las firmas latinas recibieron el 40% de la canti- dad solicitada, mientras que las firmas propiedad de blan- cos recibieron el 78%. Las empresas propiedad de latinos tuvieron más éxito al solicitar préstamos de menos de $50,000. Recibieron el 64% de la cantidad solicitada, dice el informe, mientras que las empresas propiedad de blancos recibieron el 49%. (Lea más en NegociosNow.com) Reporte: Incremento de ingresos de empresas latinas no se traduce en más acceso a capital El octavo informe "Iniciativa Empresarial Latina de la Escuela de Graduados en Negocios de Stanford" sobre el estado del emprendimiento latino muestra que las buenas calificaciones no se traducen en capital. " Spotlighting the disparities between Latino and white business owners in accessing capital and government and corporate contracts provides the starting point to address these issues that prevent Latino business owners from reaching their full potential

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