According to the Lenders Coalition for Community Health Centers (LCCHC), nearly 62 million Americans do not have a regular source of primary health care—which means that instead of seeking
The power and promise of Latino entrepreneurs and small businesses in low- to moderate-income, or LMI, communities are undeniable. Study after study shows their immense size and potential. Just consider this stat: There are more than 4 million Latino-owned businesses in the U.S., and together they generate $660 billion in revenues. However, another study points out that this subset is growing at a slower pace compared to their non-Latino counterparts, resulting in a $1.3 trillion revenue gap.
By leveraging the combined strengths of each partner, we are able to achieve a level of impact that could not be accomplished independently. We believe that by working together, we can set new standards for small business owners in underserved communities who face barriers in accessing capital. By identifying key service areas we have achieved partnerships that help us work toward mutual goals.
From Left to Right: Anna Foote, Southeast Regional Director, On the Rise Financial Center; Michelle Parker, Federation Program Officer; Sandy Headley, Vice President, Access to Capital for Entrepreneurs; and Deirdra Cox, President, Community Sustainability Enterprise.
Small business financing is tough, and if you’re a cooperative, it can seem especially unattainable. Finding the right solution for financing a co-op is different every time, and often depends on a variety of factors, such as industry, size, co-op type, and transaction type.