Caguas launches small business recovery loan program
April 7, 2020
The Caguas municipal government announced the availability of funds for emergency loans to the town’s small businesses, said Central Eastern Development Bank Executive Director Adrián Muñiz-Mariani. The entity known as BADECO for its initials in Spanish will be responsible for granting commercial emergency loans to city business owners, as part of a series of municipal […]
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BADECO opens 2nd cycle of accessible capital program to stabilize, expand businesses
March 1, 2019
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 […]
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BADECO receives $1M in SBA funding
October 4, 2012
The Central-Eastern Development Bank, known as BADECO by its acronym in Spanish, became the only entity in Puerto Rico selected to participate in the Small Business Administration’s Loan Brokers Pilot Program, getting a $1 million assignment, organization Executive Director Adrián Muñiz-Mariani said Wednesday.
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