BADECO opens 2nd cycle of accessible capital program to stabilize, expand businesses
The Central-Eastern Development Bank, or BADECO for its initials in Spanish, opened the second cycle of the “Capital Accesible para Tu Negocio” financing program to support entrepreneurs in the areas they need it most to stabilize or expand a business in operation.
“’Capital Accesible’ is
not just a commercial finance program, but one that includes personalized
support to the needs of business and free support in important areas of
operation,” said Adrian Muñiz-Marini, CEO of BADECO.
Program participants must
demonstrate the need for capital to continue their plans and must reside or
have their business in the island’s central-eastern region, or in the
municipalities of Caguas, Gurabo, Las Piedras, Juncos, Humacao, Cayey, Aguas
Buenas, Ceiba, Cidra, Naguabo and San Lorenzo.
In addition, the business must
have been operating for two or more years, a business plan that includes
economic projections and the history of the businesses, and all permits must be
For additional information,
interested parties should contact at 787-337-8833.