The U.S. Small Business Administration graduated 16 companies from its Emerging Leaders program in Puerto Rico.
Velázquez has introduced the “Access to Sufficient Capital for Everyone in Natural Disaster Areas Act of 2018,” (ASCEND Act) a bill that would extend SBA disaster loan applications for an additional year.
Puerto Rico Resident Commissioner Jenniffer González, who is a Committee member, questioned why the SBA’s loan disbursement process has taken from one to six months.