Puerto Rico

Puerto Rico District Office

NEW YORK - U.S. Small Business Acting Atlantic Regional Administrator Bernard J. Paprocki has announced the appointment of Yvette Collazo as the new District Director for the SBA’s Puerto Rico and Virgin Islands district office.  Collazo will oversee and direct the SBA’s efforts to assist small business owners and entrepreneurs throughout the district.  

SAN JUAN, PR - The U.S. Small Business Administration and the University of Puerto Rico Carolina Campus have signed a Strategic Alliance Memorandum, SBA Deputy District Director María de los Ángeles de Jesús announced. 

This alliance builds on an existing partnership with the UPR’s main Río Piedras Campus, designed with the purpose of developing and fostering mutual understanding and a working relationship, in order to strengthen and expand small business development on the island.

District Office Lending Chart

7(a) Loan Guaranty Program

Lender Name 7a Number of Loans 7a Loan Amountsort ascending
Banco Popular de Puerto Rico 92 6,315,500
Banco Santander Puerto Rico 21 1,701,500
FirstBank de Puerto Rico 12 1,692,300
Banco Bilbao Vizcaya Argentaria 9 919,600
Banco de Desarrollo Económico para Puerto Rico 6 610,600
Scotiabank de Puerto Rico 9 340,000
Banco Popular - Virgin Islands 2 322,900
Borrego Springs National Bank 1 50,000

CDC/504 Loan Program

Lender Name CDC/504 Number of Loans CDC/504 Loan Amountsort ascending
PYMES Financial Partners, Inc. 9 1,534,000
COFECC 10 1,368,000
Marketing Small Business Finance Corp. 5 644,000
Puerto Rico Small Business Development Corp. 2 146,000
North PR Local Development Co, Inc. 1 99,000

SAN JUAN, PR – The U.S. Small Business Administration today honored Dionisio Ortiz, president of Bayamón-based Corporate Development Solutions Inc., as Minority Small Business Person of the Year for the district of Puerto Rico and the Virgin Islands.

District Office Lending Chart

7(a) Loan Guaranty Program

Lender Name 7a Number of Loans 7a Loan Amountsort ascending
Banco Popular de Puerto Rico 59 4,243,600
Banco Santander Puerto Rico 15 1,434,300
Banco Bilbao Vizcaya Argentaria 6 669,600
Banco de Desarrollo Económico para Puerto Rico 4 498,500
FirstBank de Puerto Rico 4 310,000
Banco Popular - Virgin Islands 1 232,900
Scotiabank de Puerto Rico 6 225,000
Borrego Springs, N.A. 1 50,000

CDC/504 Loan Program

Lender Name CDC/504 Number of Loans CDC/504 Loan Amountsort ascending
Pymes Financial Partners, Inc. 6 1,082,000
COFECC 7 889,000
Marketing Small Business Finance Corp. 3 268,000
Puerto Rico Business Development Corp. 2 146,000

SAN JUAN, PR – The U.S. Small Business Administration has given authority to Cooperativa de Ahorro y Crédito de Arecibo, better known by its acronym COOPACA, to provide financial assistance to small businesses under SBA’s 7(a) Loan Guaranty Program, the agency announced today.

SAN JUAN, PR – The Puerto Rico Office of the U.S. Small Business Administration invites veterans and other members of the military to its next entrepreneurial development seminar on Friday, Nov. 30, from 9:00 AM to 12:30 PM, at SBA facilities in Hato Rey.

District Office Lending Chart

7(a) Loan Guaranty Program

Lender Name 7a Number of Loans 7a Loan Amountsort ascending
Banco Popular de Puerto Rico 42 3,190,300
Banco Santander Puerto Rico 6 785,100
Scotiabank de Puerto Rico 5 220,000
Banco de Desarrollo Económico para Puerto Rico 1 213,500
Banco Bilbao Vizcaya Argentaria 3 166,200
FirstBank de Puerto Rico 1 100,000

CDC/504 Loan Program

Lender Name CDC/504 Number of Loans CDC/504 Loan Amountsort ascending
PYMES Financial Partners, Inc. 3 358,000
COFECC 3 296,000
Puerto Rico Business Development Corp. 2 146,000
Marketing Small Business Finance Corp. 1 98,000

District Office Lending Chart

7(a) Loan Guaranty Program

Lender Name 7a Number of Loans 7a Loan Amountsort ascending
Banco Popular de Puerto Rico 293 17,898,300
Banco de Desarrollo Económico para Puerto Rico 37 9,624,900
FirstBank de Puerto Rico 33 4,935,300
Live Oak Banking Company 4 4,700,000
Banco Bilbao Vizcaya Argentaria 46 4,534,600
Banco Santander Puerto Rico 53 3,784,500
Scotiabank de Puerto Rico 25 760,000
Bank of Nova Scotia 1 250,000
Borrego Springs, N.A. 4 185,000
Oriental Bank & Trust 1 135,000

CDC/504 Loan Program

Lender Name CDC/504 Number of Loans CDC/504 Loan Amountsort ascending
PYMES Financial Partners, Inc. 36 8,941,000
COFECC 20 6,883,000
North PR Local Development Co., Inc. 7 3,276,000
Puerto Rico Business Development Corp. 6 2,008,000
Marketing Small Business Finance Corp. 10 1,661,000

 Encore Entrepreneurship: from Baby Boomer to Business Owner

SAN JUAN, PR – The Puerto Rico office of the U.S. Small Business Administration and AARP Puerto Rico will team up Oct. 2 to host the first National Encore Entrepreneur Mentor Day.  The event is targeted at entrepreneurs over the age of 50 to match these “encore entrepreneurs” with successful business owners and community leaders for advice and assistance.

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