The Changing Face of Small Business Owners

Views:
 
     
 

Presentation Description

This webinar focused on the explosive growth of Latino-owned companies, challenges facing entrepreneurs searching for startup capital and other funding & the tips for making financing, marketing, and personnel decisions.

Comments

Presentation Transcript

slide 1:

Disclaimer: This presentation is for internal purpose only. CopyrightBiz2Credit 2015 BIZ2CREDIT LATINO SMALL BUSINESS CREDIT STUDY With Antonio Lizano Corporate Multicultural Marketing Manager of Paychex and Entrepreneur Rafael Cuellar Wed. Oct. 7 2015 at 3 p.m. et

slide 2:

2 Disclaimer: This presentation is for internal purpose only. CopyrightBiz2Credit 2015 Presenters Antonio Lizano Rafael Cuellar Rohit Arora Anita Campbell

slide 3:

3 Disclaimer: This presentation is for internal purpose only. CopyrightBiz2Credit 2015 Latino-owned businesses Though they are the fastest growing segment of the small business community Latinos often find it challenging to secure capital

slide 4:

Disclaimer: This presentation is for internal purpose only. CopyrightBiz2Credit 2015 4 Rafael Cuellar Entrepreneur President/CEO of Cuellar LLC

slide 5:

5 Disclaimer: This presentation is for internal purpose only. CopyrightBiz2Credit 2015 Latino Entrepreneurial Background  Latinos are the fastest growing and companies owned by Latinas are the fastest growing.  At the same time small businesses are shutting down at the fastest rate in history.  Some of that has to do with managing your money your people and your time.

slide 6:

6 Disclaimer: This presentation is for internal purpose only. CopyrightBiz2Credit 2015 Challenges for Latino Entrepreneurs  Because language is sometimes a barrier the application process can be intimidating  Some people dont have a lot of experience borrowing money from banks  People with poor credit histories -- or none at all -- can be difficult to find a bank that will give an aspiring entrepreneur a chance They often must turn to high interest non-bank lenders such as cash advance companies

slide 7:

7 Disclaimer: This presentation is for internal purpose only. CopyrightBiz2Credit 2015 Advice for Latino small business owners  Hire the right people  Your people make your business  Understand regulations around your business  Be in control of your capital  Understand that running a business is not easy

slide 8:

Disclaimer: This presentation is for internal purpose only. CopyrightBiz2Credit 2015 8 Antonio Lizano Corporate Multicultural Marketing Manager

slide 9:

9 Disclaimer: This presentation is for internal purpose only. CopyrightBiz2Credit 2015 Percentage of Business Owners and Self-Employed by Hispanic Segment

slide 10:

10 Disclaimer: This presentation is for internal purpose only. CopyrightBiz2Credit 2015 Hispanic Small Business Owners vs All U.S. Household Income Ratios

slide 11:

11 Disclaimer: This presentation is for internal purpose only. CopyrightBiz2Credit 2015 Growth Annual Percent Increase in Number of Hispanic-Owned Firms

slide 12:

12 Disclaimer: This presentation is for internal purpose only. CopyrightBiz2Credit 2015 Percent Increase in Hispanic-Owned Businesses 2012-2015 Source U.S. Census Division

slide 13:

13 Disclaimer: This presentation is for internal purpose only. CopyrightBiz2Credit 2015 What do Latino Businesses Need  What types of business services do Latino-owned companies need  What are the solutions and benefits

slide 14:

14 Disclaimer: This presentation is for internal purpose only. CopyrightBiz2Credit 2015 Establishing Business Ownership  What is the process of becoming a business owner  What do I need to become a business owner  Accounting  Credit  Compliance  Insurance  Know the business cycle of making a sale and the viability of a successful business model

slide 15:

Disclaimer: This presentation is for internal purpose only. CopyrightBiz2Credit 2015 15 Rohit Arora Co-Founder and President Biz2Credit Rohit Arora CEO and co-founder is responsible for driving Biz2Credit to its leadership position today. Rohit is an often quoted expert on small business lending for major news media including: New York Times The Wall St. Journal Bloomberg Entrepreneur American Banker CNNMoney MSNBC Inc. and Washington Post. Rohit Arora was named Crains NY Business "Entrepreneur of the Year 2011.“

slide 16:

16 Disclaimer: This presentation is for internal purpose only. CopyrightBiz2Credit 2015 Biz2Credit: Who we are  Funded over 1+ billion to date  Immediate access to a network of lenders on the digital platform 2014 Crain’s NY Fast 50 Top Business 2012 Entrepreneur.com Top Small Business Finance Resource 2011 Crain’s Top Entrepreneur

slide 17:

17 Disclaimer: This presentation is for internal purpose only. CopyrightBiz2Credit 2015

slide 18:

18 Disclaimer: This presentation is for internal purpose only. CopyrightBiz2Credit 2015 Latino-owned companies  There are over 3 million Latino-owned U.S. businesses  Figure is expected to double in five years.  Generate an estimated 500 billion in sales annually.  Securing capital is still a challenge

slide 19:

19 Disclaimer: This presentation is for internal purpose only. CopyrightBiz2Credit 2015 Where are Latino businesses growing  The short answer is everywhere

slide 20:

20 Disclaimer: This presentation is for internal purpose only. CopyrightBiz2Credit 2015

slide 21:

21 Disclaimer: This presentation is for internal purpose only. CopyrightBiz2Credit 2015 Where to Find Funding  Loan programs designed to help Latinos -- and others – who live in economic empowerment zones  Options besides “name brand” big banks include regional banks credit unions and institutional lenders  Alternative lenders typically approve more than half of the small business loan requests

slide 22:

22 Disclaimer: This presentation is for internal purpose only. CopyrightBiz2Credit 2015 How long does it take to get funding from Biz2Credit  Typically 2-3 weeks if the applicant has all the necessary documentation  Applications are done online and completed in just a few minutes  No need to fill out tedious paper forms

slide 23:

23 Disclaimer: This presentation is for internal purpose only. CopyrightBiz2Credit 2015 Biz2Credit Step-by-step application process for SMB borrowers Borrowers create an account and apply for loans for free Pre-qualify for multiple loans and compare options in Biz2Credit system Select the best product and finish application either online or with the help of a Loan Specialist 1 2 3

slide 24:

24 Disclaimer: This presentation is for internal purpose only. CopyrightBiz2Credit 2015 Biz2Credit en Espanol

slide 25:

25 Disclaimer: This presentation is for internal purpose only. CopyrightBiz2Credit 2015 Timeframes Expectations Timeframes for receiving funds • Personal Asset Loans: Same Day • Cash Advances: Days • ACCION Micro-loans: 1 week • Traditional Loans Between 5000 - 150000: 1-3 weeks • Traditional Loans 150000: 2-4 weeks Biggest reason for delays: Document gathering

slide 26:

26 Disclaimer: This presentation is for internal purpose only. CopyrightBiz2Credit 2015 CopyrightBiz2Credit 2015 QA

authorStream Live Help