The U.S. Small Business Administration approved 165 loans for $26.9 million in Puerto Rico and the U.S. Virgin Islands during the first three months of fiscal year 2015, an 11 percent and 66 percent increase, respectively, over first-quarter approvals in 2014.
Banco Popular officials said Tuesday commercial lending activity for Puerto Rico’s small and mid-sized business segment reached $280 million in 2014, a 25 percent year-over-year increase that shows “an encouraging picture.”
Doral Bank and retailer Rooms To Go, in partnership with Proyecto ENLACE, announced Monday the culmination of a campaign that granted a three-bedroom home to a low-income family residing in the Martin Peña Channel community in San Juan.