Economic Development Bank President Luis Burdiel-Agudo unveiled Wednesday details of a new guarantee or insurance program for commercial loans to be provided by other financial institutions, including credit unions.
Looking to double its client base at the local level and export its services internationally, Internet Vision Development (INVID) has signed a financing agreement of $377,000 with the Puerto Rico Economic Development Bank, company and bank officials said Wednesday.
FirstBank has granted Red Mango franchisee Cheliz, Corp. an SBA 7(a) program loan to establish its 14th restaurant in Old San Juan, the bank announced Tuesday.