Residents and businesses in Puerto Rico affected by heavy rains and flooding on Nov. 12- 13, can apply for low-interest disaster loans from the U.S. Small Business Administration, agency Administrator Karen G. Mills announced Wednesday.
The U.S. Small Business Administration approved nine International Trade Loans in favor of exporters in Puerto Rico and the U.S. Virgin Islands in Fiscal 2012, totaling $880,000, the agency said Monday.
With loan volume steadily increasing for the past six quarters, the U.S. Small Business Administration’s loan programs posted the second largest dollar volume ever in Fiscal 2012, supporting $30.25 billion in loans to small businesses, the agency informed Tuesday.