.

SCORE is committed to helping all entrepreneurs succeed.

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.

Stat 1

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%.

Source: The International Society of Logistics

Stat 2

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.

Source: The International Society of Logistics

Stat 3

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%.

Source: Stanford Business 2018 Research Report

Stat 4

Among those that attempted to receive growth funding from a financial institution, 6.2% of Latino employer firms did not receive the requested funds, compared to 3.1% for non-minority-owned firms.

Source: Stanford Business 2017 Research Report

GET FREE BUSINESS ADVICE From Experienced Mentors

 

Mentors can:

  • Provide expertise & practical "know-how"
  • Help you optimize your business plans
  • Troubleshoot new strategies & ideas
  • Offer you proven business tools
  • Become your trusted small business advisor
  • And more!

Mentors are available to participate in remote mentoring sessions via phone, email, and video.

 

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!

Bigmedia Miami

Bigmedia Miami

Alfonso Lasprilla dug on his knowledge of the Hispanic community and their needs to build and grow BigMedia.

Read Success Story
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. 

Read Success Story
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.

Read Success Story
Infinity Technology Consultants

Infinity Technology Consultants

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

Read Success Story
Elderberry Elixer

Elderberry Elixer

Despite encountering barriers due to the pandemic, Leny Fralicker continued to grow her Elderberry syrup business.

Read Success Story
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.

Read Success Story

 

Resources for Hispanic Entrepreneurs

Check out resources created especially for Hispanic business owners.

Blog

10 Essential Sites for Hispanic Business Owners

Ten resources that advance, promote, support, and help Hispanic businesses to grow and thrive. Read more

Blog

Advice for First-Time Hispanic Entrepreneurs

If you’re considering joining the ranks of thousands of Hispanic business owners, there are a few factors you should consider. Read more

Blog

Challenges that Hispanic Women Face When Starting Up, and How to Overcome Them

Women, especially Hispanic women, face a certain set of challenges when it comes to opening a small business. Read more

More Resources for You

Browse these additional SCORE small business resources for you.  

Get Involved: Volunteer with SCORE

When you volunteer with SCORE, you change individual lives, support small businesses, and empower entire communities. We're always looking for people to share their time, skills, and knowledge. No matter your background, we have the perfect role for you.

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Video

SCORE Call For Volunteers

Article Language: English

SCORE SC Lowcountry offers great volunteer opportunities; join our award-winning SCORE chapter and share your business expertise. Read more

Template

Lowcountry Business Grants - Sample Business Plan

Article Language: English

This is a sample business plan, offered as a reference plan when applying for a SCORE Lowcountry Minority Business grant.  Read more

Video

Coastal with Kathryn | Luana Sellars Interview

Article Language: English

Kathryn Mademann, on her show "Coastal with Kathryn", interviews Luana Graves Sellars on the significance of the Gullah community and Mitchellville on Hilton Head Island. Read more

Template

Business Plan For Lowcountry Business Grants

Article Language: English

SCORE Lowcountry Minority Business grants require a business plan. Here is a template for a simplified business plan. Read more

Article

Lowcountry Minority Business Grants

Article Language: English

The Lowcountry Minority Small Business Support Program enables minority business owners to apply for grants, to support direct company operations. This program is sponsored by... Read more

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, there are several professional networks for Latinas in the business world.

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.

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