SBA sees lending, manufacturing growth in Puerto Rico
June 2, 2025
SBA Regional Director Matt Coleman highlights loan surge, local staffing and new tools to boost the island’s resilience. #NewsismyBusiness
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Colmena66 selects 14 innovation projects for federal grant support
April 15, 2025
This initiative is designed to support researchers and entrepreneurs in securing federal SBIR and STTR funding. #NewsismyBusiness
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Oriental Bank sues 100+ in RICO lawsuit alleging PPP loan fraud
December 3, 2024
The financial institution claims the defendants orchestrated a fraudulent scheme to obtain PPP funds by submitting falsified applications and misusing the proceeds for personal gain. #NewsismyBusiness
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Hispanic-owned businesses surging on U.S. mainland
November 18, 2024
Hispanic business owners accounted for nearly 5.2 million companies with $766.8 billion in annual sales, 3 million employees, and $124.4 billion in annual payroll. #NewsismyBusiness
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USDA grants $6M for facility repair projects in Camuy, San Lorenzo
October 21, 2024
The selected entities and municipalities have up to three years to use the funds. #NewsismyBusiness
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Executives named in academia, pharma and governing boards
October 15, 2024
Featuring executive appointments at Ciencia Puerto Rico, the Puerto Rico Agricultural Biotechnology Industry Association and the U.S. Small Business Administration Regulatory Board. #NewsismyBusiness
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SBA, USDA Rural join to help rural business communities in Puerto Rico
August 20, 2024
In 2022, the Biden administration mandated that federal agencies allocate 12% of their procurement needs to socioeconomically disadvantaged small businesses. #NewsismyBusiness
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SBA announces $30M in grants for new Women’s Business Centers
June 12, 2024
In addition, the local SBA office announced the second edition of the “Mujer Capital” event organized by the Metro Women's Business Center, on June 14. #NewsismyBusiness
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SBA recognizes local entrepreneurs, banks during National Small Business Week
May 6, 2024
The event also served as a framework to highlight the work of the island’s financial institutions. #NewsismyBusiness
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SBA to host seed fund road tour in San Juan Feb. 9
December 27, 2023
The America’s Seed Fund road tours stopping in 16 States and territories, including Puerto Rico, to engage entrepreneurs creating cutting-edge technologies. #NewsismyBusiness
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SBA to host Federal Food Procurement Matchmaking April 19
April 17, 2023
San Germán's Interamerican University to connect food entrepreneurs with federal agencies. #NewsismyBusiness
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SBA OKs $100M+ in Hurricane Fiona aid in Puerto Rico so far
March 15, 2023
The agency has approved more than 3,400 disaster relief loans to small businesses, homeowners, renters, and nonprofits in Puerto Rico.
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Deadline looms for small businesses to seek working capital loans
November 30, 2022
The deadline to return economic injury applications is Dec. 29.
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SBA, Inclusiv partner to boost access to capital for ‘smallest of small businesses’
November 30, 2021
The U.S. Small Business Administration (SBA) and Inclusiv today entered into a two-year Strategic Alliance Memorandum (SAM) to increase access to credit and capital for small businesses in underserved areas and enable microenterprise development in Puerto Rico. SBA Puerto Rico & U.S. Virgin Islands District Director Josué E. Rivera and Inclusiv President Cathie Mahon signed […]
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SBA-backed working capital loans to Puerto Rico up 68% in Fiscal ’21
November 2, 2021
The US Small Business Administration backed 411 7(a) working capital loans for $89.3 million in Fiscal ’21, exceeding by 68% the $53.3 million on record for Fiscal ’20 for Puerto Rico, the agency confirmed. The agency also confirmed it saw an increased amount of 7(a) working capital loans in Fiscal ’21 — by count and […]
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