Age of business increased for small businesses as well, showing stability in the small business sector, despite lowered earnings
NEW YORK, Oct. 15, 2025 (GLOBE NEWSWIRE) — Biz2Credit’s 2025 Latino-Owned Business Study found that average revenues for both Latino and non-Latino small businesses dropped between 8-9% for both groups in the last 12 months.
The annual study examined the performance of Latino-owned small to midsized companies — from early stage to established companies — in the U.S. from July 1, 2024, to June 30, 2025. It examines financial indicators, including annual revenue, operating expenses, age of business, and credit scores of both Latino-owned and non-Latino-owned companies.
“As Latino-owned businesses continue to mature and scale, I expect their growth to increasingly drive innovation in their communities, close credit-access gaps, and play a pivotal role in shaping the economic future of America,” said Rohit Arora, CEO of Biz2Credit and Biz2X, who oversaw the research. “While our study shows a recent reduction in earnings, Latino entrepreneurs have consistently demonstrated resilience amid economic pressures — and that strength will help position them for long-term success.”
Key findings: Latino-owned vs. non-Latino-owned Businesses
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The average annual revenue of Latino-owned businesses decreased by 8.5% from $662,780 in 2023-24 to $606,261 in 2024-25. The average annual revenue for non-Latino Businesses also fell by 8.9% from $773,674 in 2023-24 to $668,125 in 2024-25.
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Operating expenses remained largely unchanged for both groups. For Latino-owned businesses, they increased 0.4% from $594,392 to $596,654. For non Latino-owned, expenses rose 3% from $642,998 to $662,172.
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The average business credit score* for Latino owned businesses decreased from 647 in 2023-24 to 643 in 2024-25. In comparison, the personal credit score for non-Latino-owned businesses decreased from 659 to 656.
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The age of business for Latino-owned businesses increased from 64 months in 2023-24 to 65.4 months in 2024-25. This is an indication of the staying power of Latino-owned companies. In comparison, non-Latino-owned businesses were in operation for an average of 81 months.
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The average approved funding amount** for Latino-owned businesses grew from $63,440 in 2023-24 to $68,743 in 2024-25. Non-Latino businesses owners saw growth as well, from $77,578 in 2023-24 to $87,376 in 2024-25.
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Construction accounted for the largest industry category of Latino-owned companies examined in the study, followed by Other Services (except Public Administration), Accommodation and Food Services, Retail Trade, and Transportation and Warehousing.
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By state, nearly one-quarter (22.8%) of funding requests from Latino-owned firms came from Florida, followed closely by California (19.5%), and then Texas, New York, and New Jersey.
