The U.S. Small Business Administration approved $80.5 million in loans to small business in Puerto Rico and the U.S. Virgin Islands during fiscal year 2015, District Director Yvette T. Collazo announced Monday.
Puerto Rico has been assigned $288,650 through the Small Business Administration’s State Trade and Export Promotion (STEP) program to support activities to increase exporting by small businesses, the agency announced Monday.
U.S. Small Business Administration head María Contreras-Sweet was in Puerto Rico Monday to announced a series of initiatives to spur the island’s economy and create jobs.