Puerto Rico’s Economic Development Bank streamlines lending efforts
June 20, 2025
Agency cuts loan processing time, expands strategic agreements and services. #NewsismyBusiness
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SBA sees lending, manufacturing growth in Puerto Rico
June 2, 2025
SBA Regional Director Matt Coleman highlights loan surge, local staffing and new tools to boost the island’s resilience. #NewsismyBusiness
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Vitrina Solidaria launches $100K microloan fund
April 25, 2025
Fondo Sol will offer low-interest capital for business growth and development in El Yunque region. #NewsismyBusiness
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Banesco reports growth in Puerto Rico, loans up 25%, deposits up 20%
March 26, 2025
Banesco USA’s overall financial performance showed a net income of $43 million in 2024. #NewsismyBusiness
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Popular Inc. reports net income growth in Q4, full year 2024
January 29, 2025
Popular Inc.’s stateside loan division saw increased activity in the South Florida market. #NewsismyBusiness
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Banesco USA sues Mayagüez animal feed operator over $6.6M default
January 15, 2025
The dispute stems from two loans Banesco extended to FAPPR in August 2017. #NewsismyBusiness
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Oriental Bank sues 100+ in RICO lawsuit alleging PPP loan fraud
December 3, 2024
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
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Popular Inc. reports lower Q3 earnings amid rising loan growth, provision costs
October 24, 2024
The rise in provisions was largely driven by loan growth and changes in credit quality trends, particularly in the auto loan segment. #NewsismyBusiness
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Puerto Rico Bankers Assoc.: Study shows sector’s solid financial health
October 2, 2024
A V2A Consulting study found strong asset quality and capitalization in local banks, which are also driving socioeconomic development. #NewsismyBusiness
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Puerto Rico EDB, Banco Popular approve $2.6M for La Parrilla Argentina’s expansion
August 9, 2024
The collateral support loans under the Boost Your Business program are for construction and equipment financing for the new Bayamón location. #NewsismyBusiness
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USDA invested $96.3M to help 733 rural families buy homes in ’23
June 19, 2024
The agency recognized five lending partners in Puerto Rico. #NewsismyBusiness
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New York Fed: Building the CDFI sector in Puerto Rico
April 9, 2024
The Teller Window, a publication from the New York Fed, highlights the increase to 86 cooperativas now certified as CDFIs. #NewsismyBusiness
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EPA grants $1.8B to Inclusiv to aid Puerto Rico’s climate change fight
April 5, 2024
Inclusiv will deliver capitalization funding, coupled with technical assistance, to credit unions that can direct affordable green loan capital to communities. #NewsismyBusiness
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DOE expands loan eligibility for Puerto Rico’s renewable energy projects
July 24, 2023
The Energy Infrastructure Reinvestment program doesn’t require the technology used in projects to be innovative for eligibility for its low-interest loans. #NewsisimyBusiness
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FirstBank grants $200M+ in commercial loans in 1Q23
June 26, 2023
“The commercial loan options are as varied as they are promising, since they include spaces for rent, restaurants, and consumer services,” officials said. #NewsismyBusiness
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