the changing face of small business owners - biz2credit

Disclaimer: This presentation is for internal purpose only. Copyright@Biz2Credit 2015

BIZ2CREDIT LATINO

SMALL BUSINESS

CREDIT STUDYWith Antonio Lizano, Corporate Multicultural Marketing Manager of Paychex

and Entrepreneur Rafael Cuellar

Wed., Oct. 7, 2015 at 3 p.m. et

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Presenters

Antonio Lizano Rafael CuellarRohit Arora Anita Campbell

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Latino-owned businesses

Though they are the fastest

growing segment of the

small business community,

Latinos often find it

challenging to secure capital


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Rafael CuellarEntrepreneur

President/CEO of Cuellar, LLC

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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.

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Challenges for Latino Entrepreneurs

Because language is sometimes a barrier, the

application process can be intimidating

Some people don't 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)

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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


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Antonio LizanoCorporate Multicultural Marketing Manager

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Percentage of Business Owners and

Self-Employed by Hispanic Segment

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Hispanic Small Business Owners vs All

U.S. Household Income Ratios

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Growth Annual Percent Increase in

Number of Hispanic-Owned Firms

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Percent Increase in Hispanic-Owned

Businesses (2012-2015) *Source U.S. Census Division

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What do Latino Businesses

Need?

What types of

business services do

Latino-owned

companies need?

What are the solutions

and benefits?

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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


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Rohit AroraCo-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 Crain's NY Business "Entrepreneur of the Year 2011.“

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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.comTop Small

Business Finance Resource

2011

Crain’s Top Entrepreneur

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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

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Where are Latino businesses

growing?

The short answer is everywhere

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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

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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!

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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

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Biz2Credit en Espanol

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Timeframes & Expectations

Timeframes for receiving funds

• Personal Asset Loans: Same Day

• Cash Advances: Days

• ACCION Micro-loans: 1 week

• Traditional Loans Between $5,000 - $150,000: 1-3 weeks

• Traditional Loans > $150,000: 2-4 weeks

*Biggest reason for delays: Document gathering

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Disclaimer: This presentation is for internal purpose only. Copyright@Biz2Credit 2015Copyright@Biz2Credit 2015

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the changing face of small business owners - biz2credit

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