Fondo Sol will offer low-interest capital for business growth and development in El Yunque region. #NewsismyBusiness
Banesco USA’s overall financial performance showed a net income of $43 million in 2024. #NewsismyBusiness
Popular Inc.’s stateside loan division saw increased activity in the South Florida market. #NewsismyBusiness
The dispute stems from two loans Banesco extended to FAPPR in August 2017. #NewsismyBusiness
The financial institution claims the defendants orchestrated a fraudulent scheme to obtain PPP funds by submitting falsified applications and misusing the proceeds for personal gain. #NewsismyBusiness
The rise in provisions was largely driven by loan growth and changes in credit quality trends, particularly in the auto loan segment. #NewsismyBusiness
A V2A Consulting study found strong asset quality and capitalization in local banks, which are also driving socioeconomic development. #NewsismyBusiness
The collateral support loans under the Boost Your Business program are for construction and equipment financing for the new Bayamón location. #NewsismyBusiness
The agency recognized five lending partners in Puerto Rico. #NewsismyBusiness
The Teller Window, a publication from the New York Fed, highlights the increase to 86 cooperativas now certified as CDFIs. #NewsismyBusiness
Inclusiv will deliver capitalization funding, coupled with technical assistance, to credit unions that can direct affordable green loan capital to communities. #NewsismyBusiness
The Energy Infrastructure Reinvestment program doesn’t require the technology used in projects to be innovative for eligibility for its low-interest loans. #NewsisimyBusiness
“The commercial loan options are as varied as they are promising, since they include spaces for rent, restaurants, and consumer services,” officials said. #NewsismyBusiness
The funds will be available through two new programs under the Inflation Reduction Act. #NewsismyBusiness
The application and program guidelines are available on the agency’s website.
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA