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Annual Latino-Owned Business Study 2021

October 06, 2021
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Latino-Owned Business Performance Outpaced Non-Latino-Owned Firms in 2020-21, According to Biz2Credit’s Annual Study

Latino-owned businesses generated nearly $500 billion in annual revenue and employed 3.4 million people during pre-pandemic times

Average Annual Revenue 2020-2021

Average Annual Revenue 2020-2021

Average Credit Score 2020-2021

Average Credit Score 2020-2021

Average Annual Earnings

Average Annual Earnings

Average Age of Business

Average Age of Business
Top 5 states for Hispanic owned

Top Industries for
Latino-owned companies

16.2%

Construction
Construction

11.8%

Transportation
Transportation
and Warehousing

9.8%

Retail Trade
Retail Trade

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Term Loans are made by Itria Ventures LLC or Cross River Bank, Member FDIC.

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