Astro Painting & Drywall Owner Luis Aragonez has had a thriving business for 18 years, but when he wanted a loan to start another venture, he found capital was hard to get.
“Most of the problem was with the down payment because most banks were asking for 25% to 30%,” said Aragonez, who eventually borrowed almost $2 million to buy an event center he now runs along with his painting business. He also didn’t know all the requirements of a loan to buy a building.
As a Latino business owner, Aragonez’s…
