Hispanic Franchises

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Hispanic Franchises

WHAT YOU’LL LEARN Learn about the Growth of Hispanic Franchises in U.S. Which are the opportunities for latino entrepreneurs and how are they thriving.

11 Resources for Hispanic/Latino Investors

1. Tips for Hispanic Entrepreneurs to Grow in Business

Published Oct 27, 2023; targets Hispanic professionals considering business ownership
Provides step‑by‑step guidance for aspiring Hispanic entrepreneurs—everything from planning to launch.
Focuses on practical advice across marketing, funding, and operational best practices.

2. Success and Growth of Hispanic‑Owned Businesses

Published ~1.9 years ago; highlights the growing economic impact of Hispanic‑owned firms
Notes increased Hispanic consumer demand paired with entrepreneurial drive.
Stresses job creation, revenue generation, and wider market appeal.

3. Top Latino and Hispanic Business Opportunities for Entrepreneurs (2025)

Published ~2.1 years ago; provides a curated list of business and franchise opportunities
Explains that many Latino entrepreneurs are unaware of support systems and franchise options.
Recommends tapping funding sources like U.S. Chamber, Camino Financial, and federal grants.
Promotes the insurance franchise model (Freeway) as a solid opportunity.

4. What Is Latino Business Day?

Annual awareness day: September 14 to celebrate Latino entrepreneurs
Latino firms generate over $800 million annually in U.S. economy
Latino businesses growing at 44% vs. 4% for others since 2012
Sponsors include SLB coalition (since 2018); offers participation options (donate, nominate, partner etc.)

5. Hispanic Entrepreneurs Leading U.S. Business Development

Focuses on 2025 trends; highlights few high-profile Hispanic entrepreneur
Encourages insurance franchise model as a growth path

6. Hispanic Small Business Grants in U.S.

Published Dec 2022; 25% of new U.S. small businesses are Latino‑founded
Key grant/lending resources:
- USHCC/Wells Fargo: $5K–$15K programs
- Camino Financial: up to $400K loans, funded $183M to ~10K businesses, ~$18M interest saved
- Amber Grants: $10K–$25K monthly awards, $15 application fee

7. Español – Franquicias e Información (Spanish)

Provides franchise opportunities & financing info in Spanish
66% of Latino franchises among top‑growing sales sectors; U.S. Hispanic population projected >72 M by 2030, $400 B spend by 2023
Includes testimonials from successful Hispanic franchisees :

8. Hispanic Franchises in Colorado

Highlights Colorado cities: CO Springs, Denver, Aurora, Fort Collins (~12% Hispanic, median income >$70K)
Recommends insurance franchises; many Hispanic franchisees earn 6‑figure incomes
Latino entrepreneurs currently 17% of market; projected to grow to 29% by 2050

9. Freeway: The Hispanic Insurance Franchise

Promotes Freeway Insurance as ideal entry franchise: established model, carrier access, brand support, training
Backed by Confie; over 600 locations and ~2,000 multilingual agents
Startup costs range $35K–$113K; liquid capital ~ $50K :
Royalty fees ~14% + 7%; territory protection exists :

10. Hispanic Business Owners Driving U.S. Economy

2021 SOLE report: Hispanic‑owned businesses grew 44% vs. 4% for non‑Hispanic over last decade
400K projected jobs from Latino businesses in 2022 .
Funding disparity: only 20% of Latino firms received >$100K loans vs. 50% white; overall 51% vs. 77%

11. 10 Facts About Latino Franchises

Franchising lowers entry cost and simplifies financing & operations
Franchises often employ family and community, reinforcing trust and cultural ties
Offers open door for Hispanic entrepreneurs facing funding/network challenges

External Resources

Grants for Hispanic Business Owners

U.S. Hispanic Chamber of Commerce (USHCC): Established 1979; partners with banks offering $5K–$15K support
Camino Financial: Loans up to $400K, $183M funded, ~10K clients
Amber Grants: $10K–$25K per award; focuses on women entrepreneurs
Grants.gov: Central U.S. government grant portal.
USDA Grants & Loans: Federal support for agricultural businesses.

Hispanic Business Associations

Latino Magazines & Media