SBA economic injury disaster loans available in P.R.
July 22, 2015
The U.S. Small Business Administration announced Tuesday that federal economic injury disaster loans are available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations located in Puerto Rico as a result of the drought.
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Popular invests $250K in Community Investment Fund
April 23, 2015
Fulfilling its social responsibility goals, Banco Popular recently became the first bank to invest in the Community Investment Fund run by the Puerto Rico Community Foundation, investing $250,000.
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EDB unveils 2 financing programs for gov’t contractors
February 10, 2015
The Economic Development Bank for Puerto Rico recently unveiled two new financing options for local and federal government contractors, with the goal of promoting procurement, agency President Joey Cancel said.
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6th edition of Guayacán Venture Accelerator underway
February 10, 2015
Grupo Guayacán, Inc. announced Monday the launch of the sixth consecutive edition of the Guayacán Venture Accelerator. Since its inception in 2010, the GVA has emerged as one of the cornerstone entrepreneurial development programs offered by Grupo Guayacán.
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SBA looks to expand its role as facilitator in Puerto Rico
November 24, 2014
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.
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PrimerPeso.com gives start-ups tech tools to grow
November 24, 2014
As part of a sweeping inter-agency effort, and backed by Code for America, government officials announced this weekend the birth of PrimerPeso.com, an online platform that aims to give start-ups and established small businesses in Puerto Rico the tools needed to access financing to launch or expand their operations.
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EDB, ADSEF join to push community biz development
August 6, 2014
As part of an initiative to promote the development of small businesses among low-income families, the Economic Development Bank for Puerto Rico and the Family Department's Socio-Economic Development Administration, known as ADSEF, have joined forces help those participating in the islandwide Economic and Social Rehabilitation program.
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New EDB product to support community pharmacies
June 13, 2014
The Economic Development Bank on Thursday announced a partnership with the Puerto Rico Community Pharmacies Association to launch a new product to help promote the sector’s growth through financing new and existing operations.
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Toyota Credit of Puerto Rico appoints new leadership
February 27, 2014
Toyota Credit de Puerto Rico, the only captive finance company in the market, is preparing to face challenges in the short and long term under the leadership of its new CEO Brett Beals, a veteran executive, with more than 18 years of experience in the field, who took office last June.
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24 organizations split $382K from Susan G. Komen
December 18, 2013
The Susan G. Komen Puerto Rico Financing Program recently awarded $382,244 to 24 nonprofit organizations for breast and health care, as well as quality treatment for Puerto Rican women.
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SBA lending in Puerto Rico, USVI up 8% in FY 2013
November 7, 2013
The U.S. Small Business Administration supported more than $75 million in loans to Puerto Rico and U.S. Virgin Islands small businesses during fiscal year 2013, an 8 percent increase over fiscal year 2012, the agency announced Wednesday.
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SBA Puerto Rico signs on VegaCoop as 7(a) lender
October 31, 2013
The U.S. Small Business Administration has given authority to VegaCoop to provide financial assistance to small business owners under SBA’s 7(a) Loan Guaranty program, SBA District Director Yvette T. Collazo announced today.
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Puerto Rico start-ups draw investor interest in NYC
October 17, 2013
Startups of Puerto Rico held its first Puerto Rican start-ups presentation to investors in New York City Wednesday, which group officials said expressed an interest in the projects that were unveiled.
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Gov’t opens call for Green Energy Fund financing
September 30, 2013
Puerto Rico-based companies interested in benefiting from the government’s Green Energy Fund program will have from Oct. 1-5 to sign up and apply for financing online, José Maeso, executive director of the Energy Affairs Administration announced.
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Antrocket.com finances 6 projects in 4 months
July 11, 2013
After raising more than $45,000 through a network of more than 1,060 registered users and successfully financing six projects during its first four months of operations, Puerto Rican crowdfunding site Antrocket.com is ready to aggressively expand its reach to Lain America, the company announced Wednesday.
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