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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Op-Ed: Government contracting 101: 5 winning tips
February 27, 2012
The Small Business Administration offers Puerto Rico small businesses tips on how to succesfully bid for federal government contracts.
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SBA backs 157 loans worth $22.2M in 1Q ’12
January 27, 2012
If the results of the first quarter of the federal fiscal year are any indication, 2012 should be good for small and mid-sized business lending activity in Puerto Rico and the U.S. Virgin Islands, which is already picking up significantly in contrast to last year’s results.
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SBA District Director Sifontes dead
January 9, 2012
José Sifontes, who held the post of U.S. Small Business Administration District Director for Puerto Rico and the U.S. Virgin Islands, José Sifontes, passed away Dec. 28, the agency announced Monday.
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Op-Ed: The lure and limits of advertising
December 27, 2011
Advertising is a basic and valuable marketing tool for any small business. But developing and placing an ad does not mean it will immediately generate more sales.
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Op-Ed: In gratitude to our nation’s heroes
November 11, 2011
Today is Veterans Day. And, in honor of the 23 million U.S. veterans that have watched over our safety and fought for our freedom, President Obama has declared the dates of Nov. 11-17 as National Veterans Awareness Week.
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SBA extends deadline to apply for Hurricane Irene damage to Nov. 25
October 31, 2011
The U.S. Small Business Administration said Monday it has extended the deadline for homeowners, renters, businesses and nonprofit organizations in Puerto Rico to return applications for physical damage caused by Hurricane Irene. Since launching the assistance program in August, the agency has approved more than $3 million in loans.
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Use networking to promote your business
October 24, 2011
The most effective form of marketing is word-of-mouth. But people can’t spread the word about you and your small business if they don’t know you.
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SBA loans in P.R., USVI up 57% in fiscal ’11
October 20, 2011
The U.S. Small Business Administration guaranteed 656 loans in Puerto Rico and the U.S. Virgin Islands during fiscal year 2011, a 57 percent increase over loans approved during the previous year. The results obtained are due in part to incentives implemented under the Small Business Jobs Act of 2010 and to a renewed commitment from SBA lenders.
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SBA approves more than $2M in Hurricane Irene-related disaster loans
October 19, 2011
With just a week to go before the Oct. 26 deadline to submit disaster loan applications, the U.S. Small Business Administration announced Wednesday that so far it has approved $2 million in assistance for damages sustained by local businesses and residents in the wake of Hurricane Irene earlier this year.
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SBA deadline for physical damage disaster loans Oct. 26, 3 towns added to list
October 5, 2011
The U.S. Small Business Administration this week reminded eligible private nonprofit organizations of the Oct. 26 deadline to submit disaster loan applications for damages caused by Hurricane Irene on Aug. 21-24, 2011. The agency also added Loíza, Peñuelas and San Juan to the eligibility list.
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Op-Ed: Hurricane Irene update: Assessing the damage and taking action to help business owners, homeowners and renters
September 12, 2011
Right now, many communities are still feeling the aftermath of Hurricane Irene, including major floods in Puerto Rico. I can’t emphasize enough the importance of staying safe and listening to public officials. Flooding is still widespread and dangerous power lines are still down, so be sure to steer clear.
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SBA, EDB offer loans to cover Irene-related losses
August 30, 2011
The U.S. Small Business Administration and the Economic Development Bank announced Monday the availability of emergency and disaster loans for small and mid-sized businesses, as well as homeowners, whose property was either lost or damaged by Hurricane Irene.
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