Acrecent Financial expands funding capacity P.R’s small, medium-sized enterprises
October 10, 2018
Acrecent has consistently made credit accessible to local SMEs since its founding in 2004.
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Rosselló presents measure to allow central gov’t to lend to PREPA, PRASA
January 11, 2018
Gov. Ricardo Rosselló introduced a measure to the Puerto Rico Legislative Assembly that would allow the central government to issue loans to the Puerto Rico Electric Power Authority (PREPA) and the Puerto Rico Aqueduct and Sewer Authority (PRASA).
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EDB offers emergency loans of up to $50K to help P.R. physicians recover
January 10, 2018
The Puerto Rico Economic Development Bank has signed an agreement with the College of Physicians and Surgeons to offer emergency loans of up to $50,000 to physicians whose practices were affected by Hurricane María.
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Ciudadela complex in Santurce receives FHA approval
November 15, 2017
The Santurce apartment complex known as Ciudadela recently got approval from the Federal Housing Administration to finance Phases I & II Buildings, and the completed Towers of Phase III — Towers 600, 700 and 800, developers confirmed.
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FirstBank grants $777K in financing to Grupo Minuto
June 21, 2017
FirstBank announced Tuesday it has expanded its business relationship with Grupo Minuto, LLC. by financing the restoration and remodeling of a new hotel project in Old San Juan, granting $777,000 in financing.
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3rd call of ‘StartUp Popular’ program deadline is May 31
May 23, 2017
Those looking to participate in the third edition have until May 31 to submit their proposals, Banco Popular executives said Monday, adding there is $1.6 million available to winning applications
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EDB unveils new commercial loan guarantee program
April 27, 2017
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.
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INVID gets $377K from EDB to create jobs, expand reach
March 30, 2017
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.
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FirstBank finances new Red Mango in Old San Juan
March 8, 2017
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.
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Access Latina opens 2nd round of financing cohort
December 8, 2016
Access Latina, a business acceleration platform for Latina-owned firms headquartered in Florida, New York, Massachusetts, Texas, Washington, D.C., and Puerto Rico, launched its second cohort to compete for a chance at more than $100,000 in capital and resources for latinas to grow their businesses.
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Oriental Bank grants $1.5M in financing to Olein Refinery
August 26, 2016
Oriental Bank recently granted three credit facilities totaling $1.5 million to Olein Refinery, which it will use to convert power generation at its Cristal products manufacturing plant and oil recycling operation into an environmentally friendly system.
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FirstBank finances Tijuana’s Bar & Grill expansion
August 5, 2016
FirstBank recently granted $230,00 in financing to local Mexican food chain Tijuana’s Bar & Grill, for operational expenses and the purchase of a warehouse located in Cervantes Street, Condado.
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General Contractors blast Senate for pulling PRASA bill
June 21, 2016
The Associated General Contractors of America, Puerto Rico Chapter (AGC-PR) on Monday blasted Senate President Eduardo Bhatia for withdrawing the Puerto Rico Aqueduct Authority Revitalization Act, saying holding off on its approval “is an attack on the island’s welfare and the future of the construction industry.”
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P.R. credit unions show ‘solid performance’ in past 5 yrs
December 17, 2015
Puerto Rico’s credit unions have shown “solid performance” over the past five years, with an 8 percent growth in assets and membership growth of nearly 10 percent.
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Popular launches program for new entrepreneurs
November 13, 2015
Looking to encourage transformation and creativity during tough economic times, and in celebration of “Entrepreneurship Week,” Banco Popular announced Thursday the launch of the “Popular StartUp” program.
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