Scotiabank grants $5M in financing to Auxilio Mutuo Hospital
June 27, 2013
Scotiabank de Puerto Rico recently granted $5 million in financing to Auxilio Mutuo Hospital to help purchase special Variam Medical Systems equipment for the institution’s radiotherapy center.
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Oriental grants $3.5M to Puerto Rico winemaker
June 13, 2013
Oriental Bank’s business banking unit recently granted a $3.5 million loan to Bearco LLC (Bodegas Españolas Argentinas Corp.), one of the companies owned by CC1 Puerto Rico.
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USDA has $150M for rural rental housing rehab, construction
May 29, 2013
The U.S. Department of Agriculture is taking applications from lenders for loan guarantees to finance rural rental housing tapping into a $150 million fund available for this program, agency Secretary Tom Vilsack said Tuesday.
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Popular, Oriental grant hefty loans for Puerto Rico projects
May 7, 2013
Two major Puerto Rico banks, Banco Popular and Oriental Bank, announced Monday the closing of two significant loans that will move forward projects that will benefit the economy and the community.
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Popular grants $2.5M for eco-friendly medical facility in Rincón
April 30, 2013
Banco Popular de Puerto Rico recently approved $2.5 million in financing to Rincón Health Center Inc. for the construction of the Costa Salud community health center in the western municipality of Rincón.
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Banco Popular approves $40M for Carolina hospital
April 24, 2013
Banco Popular de Puerto Rico announced Tuesday it has approved a $40 million credit line for the construction of the San Fernando de la Carolina hospital in Carolina, a project the municipality announced late last year.
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Coffee shop businesses brewing in Old San Juan
April 23, 2013
San Juan's expanding gourmet coffee service sector suddenly got more interesting with the entry of a Utah-based franchise with an eye catching name, a world-class product, and big plans for Puerto Rico.
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Humacao medical complex gets $14M in financing
December 18, 2012
Banco Popular recently awarded $14 million in financing to float the future “Salud Eterna” project in Humacao, a complex that will house several medical offices as well as an assisted living facility for the elderly.
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Santander OKs $9.3M in financing for San Germán waterpark
December 13, 2012
Banco Santander Puerto Rico recently awarded $9.3 million in financing for the development of the San Germán Surf and Fun Waterpark planned for that municipality.
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Puerto Rico MBDA honors EDB’s financial programs
October 22, 2012
The Puerto Rico Minority Business Development Agency recently bestowed its “Capital Access” award to the Economic Development Bank for the various programs the agency has developed to meet the financial needs of many sectors of the island’s economy.
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EDB approves $2.8M loan to spare Loíza’s only mall
October 18, 2012
The Economic Development Bank approved a $2.5 million rescue loan to spare the Ocean Marina Blue Shopping Center, the only strip mall in Puerto Rico’s coastal town of Loíza, owned by siblings and built in 2008.
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GDB mulls restructuring Condado Duo building loan
October 15, 2012
The Puerto Rico government is reviewing a request by one of the island's main hotel operators to restructure the loan that helped pay for the renovation of two landmark hotels: La Concha Renaissance Resort & Casino, currently in operation, and the Condado Vanderbilt Hotel, which shut down 15 years ago and reopens on Tuesday in a phased manner.
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Doral Bank closes first ‘Fondo Doral’ loan
September 12, 2012
Viaja Puerto Rico, an online magazine that promotes internal tourism, received a $3,500 micro-loan through the Fondo Doral program that grants financing to nonprofits serving low-income women.
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Reliable Auto marks silver anniversary in Puerto Rico
August 7, 2012
Reliable Auto, a financial services institution with $342 million in assets, is marking its 25th anniversary in Puerto Rico, where it has experienced steady growth by adapting to the market.
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EDB: $33M in farming loans approved since Jan. ’09
August 3, 2012
The Puerto Rico Economic Development Bank has approved $33 million in loans to island farmers since the current administration took over in 1999, agency President Ivonne Otero said Thursday.
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