Latino Coalition and Biz2Credit Launch World's Largest Hispanic Online Platform Providing Access to Small Business Financing
NEW YORK, March 18, 2013 /PRNewswire/ -- 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."
About The Latino Coalition
The Latino Coalition (TLC) was founded in 1995 by a group of Hispanic business owners from across the country to research and develop policies relevant to Latinos. TLC is a non-profit nationwide organization with offices in Southern California, Washington, DC, and Mexico. TLC addresses policy issues that directly affect the well-being of Hispanics in the United States. TLC's agenda is to develop initiatives and partnerships that will foster economic equivalency and enhance overall business, economic and social development of Latinos. For more information, visit www.TheLatinoCoalition.com.
About Biz2Credit
Founded in 2007, Biz2Credit is a leading credit marketplace connecting small- and medium-sized businesses with lenders, service providers, and complementary business tools. The company matches borrowers to financial institutions based on each business's unique profile -- completed in less than four minutes -- in a safe, efficient, price-transparent environment. Biz2Credit's network consists of 1.6 million users, 1,100+ lenders, credit rating agencies such as D&B and Equifax, and small business service providers including CPAs and lawyers. Having arranged $800 million in funding throughout the U.S., Biz2Credit is widely recognized as the #1 online credit resource for small business loans, lines of credit, equipment loans, working capital and other funding options.
SOURCE The Latino Coalition
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