Skip to main content

Original text

Powered by Google TranslateTranslate
Powered by Google TranslateTranslate
'Almost impossible': Latinos open businesses faster than any other group but face hurdles

Published January 14, 2022

After years working for other firms, Chris Rourk decided to start a business of his own producing wireless jacks. But when the Latino entrepreneur approached banks for a loan, he was turned away. 

“It was almost impossible to get any sort of funding ... no matter what my credit status was,'’ says Rourk.

He used personal credit cards to launch his Miami-based company, VOLTA ion, in 2018, and Rourk found that many of his Latino customers had similar experiences when applying for loans. While there may have also been other factors, he believes lenders often set a higher bar for him because of his ethnicity. 

Read More on USA Today  


1165 Herndon Parkway, Suite 100
Herndon, VA 20170

Copyright © 2023 SCORE Association,

Funded, in part, through a Cooperative Agreement with the U.S. Small Business Administration. All opinions, and/or recommendations expressed herein are those of the author(s) and do not necessarily reflect the views of the SBA.

Chat generously provided by:LiveChat

In partnership with
Jump back to top