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USDA, SBA announce P.R. Rural Lending Investment Summit, Mar. 7-8

The National Rural Lenders’ Roundtable (NRLR), the U.S. Department of Agriculture (USDA) Rural Development and the U.S. Small Business Administration (SBA) announced the 2019 Puerto Rico Rural Lending Investment Summit that will be held Mar. 7-8 at the Condado Plaza Hilton Hotel.

The summit will join
lenders and stakeholders in the USDA and SBA guaranteed-lending community with local
and federal officials in a concerted effort to provide Puerto Rico’s rural communities
with access to capital and bolster Puerto Rico’s economic recovery in the aftermath
of Hurricane María.

 “We look forward to continuing to partner with
the USDA and SBA to provide access to capital to Puerto Rico,” said Thomas Kimsey,
2018 president of the National Rural Lenders’ Roundtable. “The summit is a great
opportunity for our lending partners to meet with local stakeholders.”

The summit will provide
information on the USDA Business & Industry Guaranteed Loan Program, Energy
Programs, Water & Environmental Program, Community Facilities Loan Program and
SBA Loan Programs. National leadership from USDA Rural Development and SBA, lenders,
and key stakeholders will be present.

“Together, we will
discuss recovery funds for Puerto Rico, Access to Capital, Opportunity Zones, the
Secondary Market, the 2018 Farm Bill and OneRD,” he said.

USDA Rural Development
State Director Josué Rivera said the summit presents an opportunity for lenders,
investors, and entrepreneurs to join forces and promote the launch of new businesses
and the creation of new jobs that will drive economic development for Puerto Rico’s
rural communities.

“This a critical juncture
to make history and advance Puerto Rico’s recovery and reconstruction efforts after
the destruction caused by hurricanes Irma and María. We invite you to be part of
this great opportunity to rebuild a better Puerto Rico,” he said.

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This story was written by our staff based on a press release.

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