Foundation for Puerto Rico, SBA open call for ‘Pulso’ cohort
June 21, 2022
The registration deadline for the second call is July 15.
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New Women’s Business Center opens in Gurabo
February 28, 2022
The center at the Ana G. Méndez, Gurabo Campus, serves Puerto Rico’s central-eastern region.
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Foundation for PR lands $1M SBA grant to support 150 businesses
February 24, 2022
The nonprofit received a $1 million grant through the SBA's Community Navigators Pilot program.
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SBA Puerto Rico partners with Friends of Puerto Rico
December 21, 2021
The U.S. Small Business Administration Puerto Rico/US Virgin Islands District Office signed a Strategic Alliance Memorandum (SAM) with Friends of Puerto Rico, a nonprofit that that supports the economic development of the people of Puerto Rico through entrepreneurial initiatives and education, which creates opportunities for women. SBA District Director Josué E. Rivera and Friends of […]
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DDEC, SBA urge SMEs and to apply for COVID-19 recovery loans before Dec. 31
December 20, 2021
The Department of Economic Development and Commerce (DDEC, in Spanish) and the U.S. Small Business Administration are urging small and medium-sized enterprises (SMEs) and nonprofits to apply for the Economic Damage Disaster Loan if their operations have been hit by the effects of the COVID-19 pandemic before the Dec. 31 deadline. On Oct. 8, the […]
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SBA Puerto Rico, USVI District seeks nominations for Small Business Week ’22
December 20, 2021
The U.S. Small Business Administration and the SBA Puerto Rico and US Virgin Islands District are accepting nominations for national and local awards to be presented as part of National Small Business Week 2022, including the Small Businessperson of the Year award. The SBA has a dedicated website to download forms, criteria, and guidelines for submitting a […]
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SBA’s Guzman announces 2 new Women’s Business Centers in Puerto Rico
September 14, 2021
U.S. Small Business Administration Administrator Isabella Guzman announced the launch of two Women’s Business Centers (WBC) in Puerto Rico, at the Ana G. Méndez University in Gurabo and Friends of Puerto Rico. Guzman — who kicked off National Small Business Week, which runs Sept. 13-15, during her first visit to Puerto Rico — confirmed the […]
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SBA announces up to $300K to fund Women’s Business Centers in Puerto Rico
July 29, 2021
The U.S. Small Business Administration announced the availability of $300,000 for up to two new grant opportunities for established and aspiring Women’s Business Center (WBC) host organizations. When funded, the WBC’s will provide outcome-oriented business services for women entrepreneurs in Puerto Rico, the agency said. “The SBA’s Women’s Business Center program is a dedicated resource partner, and […]
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SBA to Increase lending limit for COVID-19 Economic Injury Disaster Loans
March 25, 2021
The U.S. Small Business Administration is increasing the maximum amount small businesses and nonprofit organizations can borrow through its COVID-19 Economic Injury Disaster Loan (EIDL) program, it announced. Starting the week of April 6, 2021, the SBA is raising the loan limit for the COVID-19 EIDL program from six months of economic injury with a […]
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SBA, US Treasury open new round of PPP loan funding
January 11, 2021
The U.S. Small Business Administration (SBA), in consultation with the US Department of Treasury, announced that the Paycheck Protection Program (PPP) will re-open this week for new borrowers and certain existing PPP borrowers. To promote access to capital, only community financial institutions will be able to make the initial PPP loans starting today, and a second […]
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SBA’s Economic Injury Disaster Loan window closes Dec. 31
December 17, 2020
Small businesses and nonprofits adversely affected by the COVID-19 pandemic are encouraged to consider applying for the U.S. Small Business Administration’s COVID-19 Economic Injury Disaster Loan (EIDL) during the month of December. Applications must be submitted via SBA’s online application link no later than Dec. 31, 2020 to be considered, the agency said. A total […]
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32K+ SBA PPP loans granted in Puerto Rico eligible for simpler forgiveness process
October 12, 2020
The U.S. Small Business Administration, in consultation with the Treasury Department released a simpler loan forgiveness application late last week for Paycheck Protection Program (PPP) loans of $50,000 or less. This decision could affect a little more than 32,000 PPP loans granted in Puerto Rico, according to SBA data released earlier this year. This action […]
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SBA awards Puerto Rico Trade & Export Co. $385K
September 30, 2020
As the U.S. Small Business Administration marks 10 years of supporting small business growth through its competitive State Trade Expansion (STEP) grant program, the federal agency announced the newest round of state awards that support export growth among United States small businesses. The SBA is providing $384,930 to the Puerto Rico Trade & Export Company […]
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SBA to assist Puerto Rico businesses affected by COVID-19 emergency
March 24, 2020
The U.S. Small Business Administration announced it has granted Gov. Wanda Vázquez’s request to help businesses on the island affected by the global emergency related to COVID-19. On Mar. 18, Vázquez asked the SBA for resources under the Economic Injury Disaster Loans (EIDL) program for businesses in Puerto Rico under the Robert T. Stafford Emergency Assistance […]
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SBA district director for Puerto Rico/USVI Collazo stepping down Mar. 27
March 18, 2020
Yvette Collazo, who for the past seven years has headed the U.S. Small Business Administration’s Puerto Rico and U.S. Virgin Islands territories, will be stepping down from her post effective Mar. 27. She has accepted a position with the U.S. Environmental Protection Agency in Washington, DC, which she described as “a career dream come true.” […]
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