With the support of the Wells Fargo Diverse Community Capital Program, LEAF has increased their capacity to provide one on one technical assistance to diverse small businesses in the greater Bosto
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.
As part of their series on Financial Inclusion, the Wall Street Journal recently conducted a series of interviews with Philadelphia-based small businesses as well as OFN's own Lauren Stebbins, Vice President, Small Business who shared insights into the drastic consequences a high-risk loan can ha