The U.S. Small Business Administration approved (SBA) approved 439 loans for $78.2 million to small businesses in Puerto Rico and the U.S. Virgin Islands during fiscal year 2019, a 35% and 28% increase, respectively, over the previous year, the agency announced. Of the total loans approved, 189 for $39 million were for small businesses in […]
The contracts were signed with the assistance of the University of Puerto Rico Law School’s Legal Aid Clinic, the Foundation noted.
The Federal Emergency Management Agency’s Community Disaster Loan program has approved more than $247 million for 62 municipalities throughout Puerto Rico.
Oriental announced an alliance with renewable energy company, WindMar Home, to offer —the first time in Puerto Rico — financing for solar energy products.
The Economic Development Bank for Puerto Rico announced that effective immediately, it will begin offering new loans capped at $50,000 aimed exclusively at helping small and medium businesses effectively prepare for emergencies such as hurricanes and avoid subsequent interruption in business operations.
The Federal Emergency Management Agency announced it has approved nearly $210 million in Community Disaster Loans for 51 Puerto Rico municipalities.
Puerto Rico Gov. Ricardo Rosselló confirmed that the federal government, through the Federal Emergency Management Agency (FEMA), signed the agreement to have access to Community Disaster Loans.
Four months after announcing it had agreed to acquire Wells Fargo’s auto finance business in Puerto Rico, which operates as Reliable Financial Services Inc., Banco Popular de Puerto Rico confirmed it has filed a notice with the Federal Reserve System to close the deal.
The Federal Emergency Management Agency recently awarded more than $194 million in additional Public Assistance grants for Hurricane María recovery in Puerto Rico.
Nonprofit microfinance organization Grameen Puerto Rico is bringing together leading financial institutions and other partners to galvanize investment in local low-income women entrepreneurs in the wake of the devastation caused by Hurricane María last year.
Low-interest disaster loans from the U.S. Small Business Administration are available for businesses and private nonprofits that suffered physical damage or economic losses due to hurricanes Irma and María, the agency announced.
The U.S. Small Business Administration announced that more than $1 billion in low-interest disaster loans has been approved for 28,106 Puerto Rico residents and businesses recovering in the aftermath of Hurricanes Irma and María, which struck in September 2017.
The Puerto Rico Economic Development Bank has signed an agreement with the College of Physicians and Surgeons to offer emergency loans of up to $50,000 to physicians whose practices were affected by Hurricane María.
Puerto Rico residents and Act 20/22 decree investors Toby Neugebauer and Charlie Hamilton announced a long-term partnership with microfinance organization Grameen America to support women entrepreneurs on the island.
Two of the island’s major banks, Banco Popular and FirstBank, stepped up Tuesday to help consumers during the hurricane-invoked emergency, offering three-month moratoriums a number of payments, including on mortgages and credit cards.
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