Economic Growth and Financial Equity

Small businesses are still recovering from economic challenges. From record-high inflation to broken supply chains and rising interest rates, the obstacles are mounting. On top of this, the national debt grows by $8.5 billion per day, placing a further strain on businesses and limiting economic opportunity.

American Small Businesses:

Make Up 99% Of Employer Businesses

Generate 70% Of All New Jobs

Produce $13.3 Trillion In Annual Revenue

Small Businesses Are Essential To America’s Economy

A Broken Financial System

Despite their contributions, small businesses, especially Hispanic-owned ones, face significant challenges in accessing capital:
• 90% of small business owners report difficulty securing funding.
• Less than 25% of Hispanic-owned businesses receive funding over $100,000 from traditional banks, compared to 50% of white-owned businesses.
• Even with faster revenue growth and strong credit performance, equitable funding remains out of reach.
Hispanic-Owned Businesses Are Leading the Way

With nearly 5 million businesses contributing more than $800 billion to the economy each year, Hispanic Americans are starting new ventures at three times the rate of the general market.
Yet Hispanic entrepreneurs remain vastly underserved in the world of finance and access to capital.

image of $100 bills in USHBC Policy Priority call for Financial Equity for all small business owners

What We Need

• Ensure Equal Access to Capital for all American businesses and entrepreneurs

• Stabilize the Regulatory Framework to reduce uncertainty and encourage small business growth.

• Address High Interest Rates to ease borrowing costs and support expansion.

• Tackle the National Debt to reduce the fiscal burden on small businesses and prevent future economic crises.

• Promote Transparent Lending practices

By removing financial barriers, we can unlock the full potential of small businesses, drive innovation, and build a stronger, more prosperous America.