3 Things to look for when choosing a financial services provider for your LGBTQ-owned Business.

Giuseppe Garcia-Salamone
Giuseppe Garcia-Salamone
A co-founder of Tentho. An exceptional and seasoned accounting expert, a tech-savvy thinker who solves financial puzzles. An educator at heart.

As reported by CNBC, nearly a third of LGBTQ+ adults have experienced discrimination when seeking financial services. This can include being denied loans or credit, being charged higher interest rates, or simply being excluded from financial products and services altogether.

This discrimination can have a significant impact on LGBTQ+ business owners, who may find it difficult to secure the financing they need to grow and expand their businesses. Thankfully, there are organizations like Tentho dedicated to providing world-class financial services to the LGBTQ community. With our support, LGBTQ+ business owners can overcome discrimination and succeed.

If you’re an LGBTQ business owner, there are a few things to keep in mind when choosing a financial service provider.

Ask about their experience working with LGBTQ clients.

This will help you gauge whether they’re truly committed to providing equality. Here are a few questions you can ask to better understand the provider’s experience with LGBTQ business owners:

 

1.     Can you tell me a little bit about your experience working with LGBTQ clients?

2.     How long have you been working with LGBTQ clients?

3.     What has been the most challenging aspect of working with LGBTQ clients?

4.     What have you found to be the most rewarding aspect of working with LGBTQ clients?

5.     Do you have any advice on how best to support an LGBTQ client?

Look for providers that offer special programs or services specifically for LGBTQ businesses.

These can be anything from discounts on loans to mentorship programs designed to help you grow your business. Make sure to ask your potential provider questions about their policies on LGBTQ clients. Do they have any special programs or services in place to help LGBTQ businesses? What are their thoughts on the current state of financial equality for LGBTQ business owners? By working with an LGBTQ-friendly financial service provider, you can be sure that you’re getting the best possible service without having to worry about discrimination.

Ask for referrals from other LGBTQ business owners.

By talking to people, you know and trust, you can get honest feedback about which providers are the best fit for your needs. Ask your friends, family, and colleagues if they know of any LGBTQ-friendly financial service providers in your area. You can also search online for reviews of financial service providers that cater to LGBTQ businesses. By taking the time to do your research, you can find a provider that meets your needs and helps you grow your business.

Don't let discrimination stop you from reaching your business goals.

The key to success is finding a financial service provider that is committed to providing equality for all. With the right provider in your corner, you can overcome discrimination. So don’t be afraid to ask questions, look for special programs, and seek out referrals. By taking these steps, you can find a financial service provider that meets your needs and helps you grow your business.

What are Outsourced CFO Services?

Are you looking for a financial services provider that you can trust?

Grow your business in a safe and welcoming environment with Tentho’s world-class financial experts.

Tentho is the go-to partner for LGBTQ-owned businesses.

We are an LGBTQ-owned business that provides accounting and financial services to LGBTQ business owners nationwide. We understand the unique challenges and needs of the LGBTQ community, and we are committed to providing equality and inclusion in all our services. Here are some things you should know about working with us:

  • We will never discriminate against you or your business because of your sexual orientation or gender identity.
  • We offer a wide range of financial services specifically tailored to LGBTQ businesses, including accounting, tax preparation, and CFO advisory services.
  • We have a deep understanding of the unique challenges faced by LGBTQ businesses and we are committed to helping you overcome them.
  • We offer a safe and welcoming environment for all LGBTQ business owners.

If you’re looking for a financial services provider that is truly committed to the LGBTQ community, look no further than Tentho. Contact us today to learn more about our services or to schedule a consultation.

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