Photo: Latino Coalition, Biz2Credit Launch Hispanic Online Platform for Small Business Financing
Biz2Credit, the #1 online credit resource for small businesses, and The Latino Coalition (www.thelatinocoalition.com) today announced a partnership in which Biz2Credit will be the go-to financing resource for the Coalition’s small business members.
During the past decade, Latino-owned businesses have become the fastest growing sectors of the economy. Meanwhile, in the past few years, it has been particularly difficult for minority-owned businesses to secure capital for startup businesses.
“Latinos are a rising power in the U.S. economy and they are starting businesses in record numbers. As the Baby Boomers approach retirement, they frequently are selling their companies to minority owners who infuse vibrancy into stagnant businesses,” said Rohit Arora , co-founder and CEO of Biz2Credit. “There are many loan programs established specifically to help Latino entrepreneurs get up and running. Biz2Credit can connect Latinos with funding options that they might not know existed.”
Since 2007, Biz2Credit has arranged funding for tens of thousands of small businesses, including hundreds of Latino-owned businesses in New York, New Jersey, Texas, California, and Florida, among other places. Biz2Credit is rapidly approaching the $1 billion mark in small business financing.
“Through our partnership, small business owners who are part of The Latino Coalition will be able to upload their documents on Biz2Credit’s system, and receive one free month of loan consultation from one of our loan specialists who can help walk them through the process,” added Arora, one of the country’s leading experts in small business finance. “Our platform streamlines the credit decision-making process by fully automated its loan application process. This will save busy entrepreneurs time and frustration that they otherwise would encounter in seeking the money needed to start and grow their businesses.”
“The Latino Coalition partnered with Biz2Credit because we believe that small business owners will benefit from the speed and ease of use of the online platform,” said Hector Barreto , Chairman at The Latino Coalition. “Biz2Credit removes the intimidation factor and language barriers from the small business loan process by making it simpler and easier through the use of technology. By partnering with Biz2Credit, we hope to enable more of our members to pursue the American Dream of business ownership.”