Thin credit files, cash-heavy revenue not deposited, and language barriers. Depositing all revenue and getting Spanish-language help solves most of them.
Check my optionsOwner communities
Latino-owned businesses start and grow at high rates, yet research shows they are more likely to be denied or underfunded by banks. Most of the obstacles are about documentation and access rather than business performance, which means most can be addressed.
Amount to request
$85,000.00
Funding range$25K to $5M
*Sample amounts shown. Your actual offer depends on your business and is reviewed before approval.
Your file goes to funders that fit it, so offers can be compared.
Approved files are usually funded the next business day.
Existing balances of $100,000 or less can be bought out.
Advances, lines of credit and second-position options in one place.
Fast decisions. Applying takes about 5 minutes.
A short application. A soft credit pull to start.
We review revenue, time in business and bank activity, not just a credit score.
You see the amount, the schedule and the full repayment amount before you sign.
Funding in as little as 24 hours for qualified businesses.
Studies such as the Stanford Graduate School of Business State of Latino Entrepreneurship reports have found that Latino-owned employer businesses apply for bank loans at similar rates but are more likely to receive less than they asked for. Common factors include shorter or thinner credit histories, revenue kept partly in cash, informal records and fewer existing relationships with lenders.
The most powerful fix is making revenue visible. When all sales, including cash, flow through a business bank account, the statements show the real size of the business. Revenue-based funders size offers on those deposits and consider personal credit from 500, so a well-documented business can qualify even with a limited credit file.
Language and trust are obstacles too. Owners who prefer Spanish may avoid asking questions about terms they do not fully understand. Choosing a funder or marketplace that explains offers in Spanish, in writing, reduces that risk. MFE serves owners in English and Spanish and sends one application to multiple funders.
Long-term, Latino owners benefit from building business credit (EIN, reporting supplier accounts), connecting with Hispanic chambers of commerce, CDFIs and Small Business Development Centers, and keeping tax filings current. An ITIN can be acceptable to some funders, and sole proprietors can qualify with business deposits.
Another practical step is building relationships with a banker before needing a loan. Opening the business account at a local bank or credit union, meeting the branch business specialist and keeping the account clean creates a familiar name when you eventually apply.
A Latino-owned business with documented deposits might see an offer like this. Illustrative numbers.
| Amount funded | $100,000 |
| Factor rate | 1.40 |
| Total payback (amount × factor) | $140,000 |
| Fees deducted at funding (5%) | $5,000 |
| Net cash you receive | $95,000 |
| Weekly payment over 26 weeks | $5,385 |
| Same total as daily debits (~130 business days) | $1,077/day |
Illustrative numbers only. Your offer depends on your file; always compare net cash and total payback in writing.
| Thin credit file | Build business credit, revenue-based first |
| Cash-heavy revenue | Deposit every sale |
| Informal records | Simple monthly bookkeeping |
| Language barrier | Spanish-speaking funder, written terms |
| Few lender relationships | Chambers, CDFIs, SBDCs |
Good fit:
Probably not yet:
Research has found Latino-owned businesses are more likely to be underfunded by banks, even with similar performance.
Yes, MFE and many funders serve Spanish-speaking owners.
Some funders accept an ITIN; ask before applying.
Funders size offers on deposits; cash not deposited does not count toward your revenue.
Revenue-based options begin at 500.
Hispanic chambers of commerce, SBDCs and CDFIs often provide free counseling.
Example uses for illustration only.
Before you apply:
One secure application. A soft credit pull to start. No obligation to accept an offer.
Apply for Funding