OFG Bancorp announced that its Oriental Bank subsidiary will not charge late-payment fees for September loan payments, extending the grace period for a maximum of another 30 days.
With the goal of offering customers a solution to their current financial situation, Popular announced the start of its new personal loans campaign, under the slogan “Consolidate with a personal loan,” expanding on the benefits of this solution.
Nonprofit organization Lendreams announced Monday the reopening of its Microfinance Program, designed to encourage self-employment among low-income women or to create employment opportunities for low-income people.
Oriental bank announced Monday the availability of a new channel to apply for personal loans, through www.orientalbank.com.
The Economic Development Bank has a specific agenda it will follow to promote local small and mid-sized enterprises, including the creation of a training institute for entrepreneurs, agency President Luis Burdiel-Agudo said.
In the first three weeks of the year, the Economic Development Bank for Puerto Rico has expedited internal processes to achieve faster loan closings, with $238,130 already approved, the agency announced Thursday.
FirstBank's Small Business Unit granted two loans under the SBA Express and SBA 7(a) Programs to Optifarma, LLC for the purchase of inventory and operational capital, the bank announced. The amount of the loans were undisclosed.
The Corporation for the Financing of Business and Communities (known as COFECC in Spanish) has reinvented itself, adopting a new brand — Lendreams — while reinforcing its micro-loans program, company officials announced Wednesday.
Puerto Rico’s second-largest bank, FirstBank, wrapped up 2016 with significant growth both locally and across its markets in the U.S. Virgin Islands and Florida, and is looking ahead to more advances in 2017, CEO Aurelio Alemán said Thursday.
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.
The U.S. Department of Agriculture announced Thursday the new Rural Energy Savings Program (RESP) program that that will help rural residents conserve energy and save money on their utility bills.
The U.S. Small Business Administration approved 335 loans for $43.8 million in Puerto Rico and the U.S. Virgin Islands during the first six months of fiscal year 2016, a 19 percent and six percent increase, respectively, over approvals during the same period in 2015, the agency said Wednesday.
Puerto Rico's largest bank is putting its money behind start-ups through an innovative program that is already generating some interest among entrepreneurs.
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA