The head of the Economic Development Bank for Puerto Rico told members of the incoming administration during transition hearings that the agency approved $499.7 million in financing from January 2013 to present, boosting the economy
The U.S. Small Business Administration approved $95.5 million in loans to small businesses in Puerto Rico and the U.S. Virgin Islands during fiscal year 2016, a 19 percent increase over the previous fiscal year, the agency announced.
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.