Current financial condition

- Excellent: 5.7%

- Very good: 10.6%

- Good: 24.1%

- Fair: 35.6%

- Poor: 24.1%

Construction made up 17% of Hispanic-owned businesses, according to a study by Biz2Credit. The study also showed that, before the pandemic, the average annual revenue and credit score of these businesses increased. This season of positive change was interrupted by rising costs once lockdowns began.

Though numbers improved during Summer 2020, the study reveals all Latino-owned businesses saw a 42% drop in revenue. But if construction businesses are the example, the number of limits they faced is unmatched. Building timelines were completely halted, supply chains broke down, and essential workers got sick. The businesses that depended on finished construction jobs also saw roadblocks. Content Exchange

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