SBA supports record $30.2B in loans in Fiscal ’12
October 10, 2012
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.
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BADECO receives $1M in SBA funding
October 4, 2012
The Central-Eastern Development Bank, known as BADECO by its acronym in Spanish, became the only entity in Puerto Rico selected to participate in the Small Business Administration’s Loan Brokers Pilot Program, getting a $1 million assignment, organization Executive Director Adrián Muñiz-Mariani said Wednesday.
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SBA grants Puerto Rico $455K for exports
September 25, 2012
Forty-seven states, Puerto Rico, Guam, American Samoa, the U.S. Virgin Islands and the District of Columbia will receive $30 million total from the U.S. Small Business Administration in a second round of funding to support efforts to increase exporting by small businesses.
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SBA, AARP hosting ‘National Encore Entrepreneur Mentor Day’
September 20, 2012
The Puerto Rico office of the U.S. Small Business Administration and AARP Puerto Rico will team up Oct. 2 to host the first "National Encore Entrepreneur Mentor Day."
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Op-Ed: SBA program introduces returning veterans to entrepreneurship
September 17, 2012
Each year, 250,000 service members make the transition from military service to civilian life. Here in Puerto Rico, more than 100,000 veterans call this area home.
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Op-Ed: Providing more access, opportunity to Hispanic-owned small businesses
September 10, 2012
One of the Small Business Administration’s top priorities is to provide access and opportunity to small business owners in traditionally underserved communities.
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SBA, stakeholders to meet for fiscal year-end roundtable
August 16, 2012
U.S. Small Business Administration Puerto Rico and U.S. Virgin Islands Deputy District Director, María de los Ángeles de Jesús, invited local agency stakeholders — lenders and other resource partners — Wednesday to meet with her on Aug. 28 to discuss matters currently affecting small businesses on the island.
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SBA names new deputy district director for Puerto Rico, USVI
July 31, 2012
U.S. Small Business Administration Region II Administrator Jorge Silva-Puras announced Monday the appointment of María de los Ángeles de Jesús as Deputy District Director for SBA’s Puerto Rico and U.S. Virgin Islands district office.
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Op-Ed: Are you prepared to stay in business?
July 23, 2012
Imagine stepping into your store, or restaurant, or the office where you run your business, a day or two after the floodwaters have receded. Unfortunately for thousands of business owners across the country, this scenario is more than just imagined.
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SBA launches transition program to steer military, vets into entrepreneurship
July 16, 2012
The U.S. Small Business Administration has joined with the Department of Veterans Affairs and the Department of Defense to launch a training program for transitioning service members and veterans to help them become entrepreneurs and create jobs.
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FirstBank grants $2.7M, SBA-backed loan to Autos de Cayey
July 11, 2012
With the goal of providing a new financing alternative to car dealers, FirstBank approved a $2.7 million “floor plan” loan secured by the Small Business Administration to Autos de Cayey Inc., the bank announced Tuesday. Floor plan financing is a revolving line of credit that allows the borrower to obtain financing for retail goods, the […]
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SBA, CIAPR cosponsor 8th annual ‘Business Matchmaking Event’
April 26, 2012
The Puerto Rico office of the U.S. Small Business Administration and the Puerto Rico Professional College of Engineers and Land Surveyors will cosponsor on May 8, the Annual Business Matchmaking Event both organizations have conducted jointly for the past eight years.
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FirstBank closes 1st ‘refi’ loan under SBA pilot program
April 17, 2012
In line with its renewed service platform launched earlier this month to meet the needs of small and medium businesses, FirstBank and the Small Business Administration announced Monday the first closing under the agency’s pilot 504 loan refinancing program to Coamo Golf Bakery for $173,098.
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SBA loan activity in P.R., USVI up 13% during 1st half of FY ’12
April 12, 2012
The U.S. Small Business Administration approved 264 loans in Puerto Rico and the U.S. Virgin Islands during the first six months of fiscal year 2012, a 13 percent increase over loans approved during the same period the previous year, the agency said Thursday.
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Women in business: SBA has the tools to help you succeed
March 19, 2012
Women-owned businesses are one of the fastest growing sectors of our economy and are growing at twice the rate than any other group in the nation.
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