The U.S. Small Business Administration is looking to expand its reach and scope among Puerto Rico’s entrepreneurial community this fiscal year, by spreading the word on a number of long-standing initiatives that should result in increased lending activity.
The U.S. Small Business Administration’s 7(a) Loan Program reached another lending record in FY 2014, SBA Administrator Maria Contreras-Sweet announced Thursday.
Pilot 151, a co-working space in San Juan whose mission is to enable entrepreneurs to create global companies in an environment conducive to productivity and innovation, was one of 50 accelerators chosen to receive a $50,000 cash prize from the U.S. Small Business Administration.