Access to Capital and the Latina Business Owner
By Lea Márquez Peterson, Owner of TucsonBiz4Sale.com
President/CEO of the Tucson Hispanic Chamber of Commerce
Member, National Women’s Business Council
Sabias Que? Did you know? Latina owned businesses are the fastest growing business segment in the United States. The National Women’s Business Council report estimates that there are close to 800,000 Hispanic Women-Owned or Latina-owned businesses in the US which reflects a 45.7% increase since 2002. Between 2002 and 2007 their businesses increased by 172 percent, compared to Latino male firms that increased by 140 percent and white-female-owned firms, which increased by 52.9 percent. The growth is incredible and often challenging to track as women tend to launch businesses with very few resources – often relying on family and friends for loans or utilizing personal credit cards for startup capital.