Caguas launches small business recovery loan program
April 7, 2020
The Caguas municipal government announced the availability of funds for emergency loans to the town’s small businesses, said Central Eastern Development Bank Executive Director Adrián Muñiz-Mariani. The entity known as BADECO for its initials in Spanish will be responsible for granting commercial emergency loans to city business owners, as part of a series of municipal […]
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Oriental unveils relief program for Puerto Rico businesses clients
April 1, 2020
Looking to support Puerto Rico’s small and medium-sized businesses, financial institution Oriental unveiled another initiative within the “Relief Program for Businesses” for commercial customers that have been economically affected by the coronavirus COVID-19 shutdown. The Relief Program for Businesses includes several loans alternatives, including an option through the U.S. Small Business Administration to cover payroll […]
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SBA, U.S. Treasury launch $349B Paycheck Protection Program
April 1, 2020
The U.S. Small Business Administration and the U.S. Department of Treasury announced the start of the $349 billion Paycheck Protection Program, to provide relief to millions of small businesses so they can sustain their businesses and keep their workers employed. “This unprecedented public-private partnership is going to assist small businesses with accessing capital quickly. Our […]
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Treasury Dept. inaugurates 360 Service Center for small businesses in Guaynabo
May 29, 2019
Puerto Rico Treasury Secretary Raúl Maldonado inaugurated, along with Guaynabo Mayor Ángel Pérez, the town’s first 360 Service Center, specialized in assisting small and mid-sized businesses to complete transactions in a single place. “This collaborative agreement with the municipality of Guaynabo is part of Gov. Ricardo Rosselló’s commitment to provide all the tools to help […]
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SBA to host free workshops in P.R. to support federal contracting for disadvantaged small biz
April 23, 2019
The U.S. Small Business Administration Puerto Rico and U.S. Virgin Islands district office will conduct a series of workshops in San Juan over the next few months as part of its 7(j) Management and Technical Assistance program, to support socially and economically disadvantaged small businesses in their efforts to obtain federal contracts. “The SBA is […]
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Op-Ed: The small business boom rolls on
April 10, 2019
As Tax Day 2019 swiftly approaches, numerous entrepreneurs are seeing new benefits from the Tax Cuts & Jobs Act, enabling them to grow their ventures and hire additional staff. I recently co-hosted the White House Manufacturing Roundtable at which about 20 small business owners discussed the resurgence of manufacturing in the chemical, construction, consumer goods, […]
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SBA announces National Small Business Week May 5-11
March 18, 2019
The head of the U.S. Small Business Administration Linda McMahon announced that this year’s National Small Business Week will be held from May 5-11, 2019. McMahon will start the week in Washington, D.C., where she will recognize and award outstanding small business owners and SBA Resource Partners from around the nation. She will continue the […]
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Foundation for Puerto Rico, Evertec partner to help small businesses
December 20, 2018
The partnership will provide technical support to small businesses as part of the “Bottom Up Destination Recovery Initiative."
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NY Fed studies reveal growth in ‘micro revenue’ firms in P.R. post-hurricanes
September 28, 2018
In the year since Hurricane María struck Puerto Rico, the share of so-called “micro-revenue” firms generating $50,000 or less in profits increased.
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Foundation for P.R’s ‘Small Business Cash Grant’ program supports 200 ‘mom-and-pops’
September 6, 2018
The nonprofit confirmed that 93 percent of the businesses supported through the initiative remain in operation.
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SBA marks 65 years of service to America’s entrepreneurs
July 31, 2018
The U.S. Small Business Administration marked 65 years of serving as a voice and ally to millions of small businesses.
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Facebook hosting ‘Boost your Business’ seminars in P.R.
July 16, 2018
Social media giant Facebook is hosting a series of “Boost your Business” seminars in Puerto Rico this week, it announced.
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Facebook to sponsor business training events in P.R.
May 24, 2018
Digital platform Facebook will organize a series of training events aimed at small and medium enterprises in Puerto Rico, Gov. Ricardo Rosselló confirmed.
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Tijuana’s Bar & Grill founder named SBA’s P.R. Small Business Person of the Year
May 7, 2018
The U.S. Small Business Administration honored Tijuana’s Bar and Grill founder Alexander Gómez with the Puerto Rico Small Business Person of the Year Award, SBA District Director Yvette T. Collazo has announced.
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‘Hecho con Éxito, Hecho con FirstBank’ program back for SMEs
April 18, 2018
During the first weeks of April, FirstBank resumed its "Hecho con Éxito, Hecho con FirstBank" program aimed at supporting the island’s small business segment’s operations after Hurricane María, the bank announced.
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