Camino financial Latinx small business survey Q2 2020 infographic

1. Credit Crunch:
Latinx microenterprises
unable to access capital
prolongs recovery Capital critically
needed for survival
Latinx-owned businesses have
been affected by COVID-19
Camino Financial Latinx Small Business
Survey - Q2 2020 shows unique insights
on credit trends and the impact of
COVID-19 on microenterprises.
experienced a decline in sales80%
had to close at some point during
the first half of the year
70%
Download the Camino FinancialUS Latinx SmallBusiness Surveyat camf.in/Latinx-survey
Sources:
Camino FinancialU.S. Latinx SmallBusiness Survey, Q1 2020 Edition.
Camino FinancialU.S. Latinx SmallBusiness Survey, Q2 2020 Edition
Disclaimer: smaller sample size in Q2’2020 mayproduce the lower statisticalsignificance of results.

2. Latinx-owned businesses
get the short end of
government business relief
did not apply for government
business relief71%
did not apply, required technical
assistance or believed they would
not qualify
69%
required technical or other
assistance in completing the
application process
19%
Lack of technical and financial
support withheld Latinx-owned
businesses from relief funds
Of those that did not apply:
Download the Camino FinancialUS Latinx SmallBusiness Surveyat camf.in/Latinx-survey
Sources:
Camino FinancialU.S. Latinx SmallBusiness Survey, Q1 2020 Edition.
Camino FinancialU.S. Latinx SmallBusiness Survey, Q2 2020 Edition
Disclaimer: smaller sample size in Q2’2020 mayproduce the lower statisticalsignificance of results.

3. Latinx-owned
businesses discouraged
from applying for credit
Latinx applicants revenue increased
by 37% in Q2 2020 vs PQ
Businesses with <2 years of operation
saw a revenue decrease of 32.6%
in Q2 2020 vs PQ
Survey results show a credit bias towards
lower risk borrowers, foreshadowing
a credit crunch with smaller and earlier
stage businesses
Download the Camino FinancialUS Latinx SmallBusiness Surveyat camf.in/Latinx-survey
Sources:
Camino FinancialU.S. Latinx SmallBusiness Survey, Q1 2020 Edition.
Camino FinancialU.S. Latinx SmallBusiness Survey, Q2 2020 Edition
Disclaimer: smaller sample size in Q2’2020 mayproduce the lower statisticalsignificance of results.

4. Resiliency during
unprecedented times
The road to recovery is long but
microenterprises are adjusting
Download the Camino FinancialUS Latinx SmallBusiness Surveyat camf.in/Latinx-survey
Sources:
Camino FinancialU.S. Latinx SmallBusiness Survey, Q1 2020 Edition.
Camino FinancialU.S. Latinx SmallBusiness Survey, Q2 2020 Edition
Disclaimer: smaller sample size in Q2’2020 mayproduce the lower statisticalsignificance of results.
of LOBs are
opened for business,
67%
many of
the remaining
33% are expected
to re-open