Puerto Rico

Puerto Rico District Office

SAN JUAN, PR - The Puerto Rico office of the U.S. Small Business Administration and the Puerto Rico Professional College of Engineers and Land Surveyors (CIAPR by its Spanish acronym) will cosponsor on Tuesday, May 8, the Annual Business Matchmaking Event both organizations have conducted jointly for the past eight years.

District Office Lending Chart

7(a) Loan Guaranty Program

Lender Name 7a Number of Loans 7a Loan Amountsort ascending
Banco Popular de Puerto Rico 132 8,090,700
Banco de Desarrollo Económico para PR 18 6,430,000
Live Oak Banking Company 4 4,700,000
Banco Santander Puerto Rico 29 2,028,600
Banco Bilbao Vizcaya Argentaria 20 2,026,900
FirstBank de Puerto Rico 12 884,500
Bank of Nova Scotia 1 250,000
Scotiabank de Puerto Rico 7 180,000
Oriental Bank 1 135,000
Borrego Springs, N.A. 2 100,000

CDC/504 Loan Program

Lender Name CDC/504 Number of Loans CDC/504 Loan Amountsort ascending
PYMES Financial Partners, Inc. 19 5,540,000
COFECC 10 2,705,000
Marketing Small Business Finance Corp. 5 876,000
North PR Local Development Co., Inc. 2 656,000
Puerto Rico Business Development Corp. 2 289,000

SAN JUAN, PR – The U.S. Small Business Administration approved 264 loans in Puerto Rico and the Virgin Islands during the first six months of fiscal year 2012, a 13 percent increase over loans approved during the same period the previous year.

District Office Lending Chart

7(a) Loan Guaranty Program

Lender Name 7a Number of Loans 7a Loan Amountsort ascending
Banco Popular de Puerto Rico 107 7,525,700
Banco de Desarrollo Económico para PR 15 6,019,300
Live Oak Banking Co. 4 4,700,000
Banco Santander Puerto Rico 29 2,028,600
Banco Bilbao Vizcaya Argentaria 16 1,535,300
FirstBank de Puerto Rico 9 650,000
Bank of Nova Scotia 1 250,000
Scotiabank de Puerto Rico 7 180,000
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. 14 3,576,000
COFECC 10 2,705,000
Marketing Small Business Finance Corp. 4 735,000
North PR Local Development Co., Inc. 2 656,000
Puerto Rico Business Development Corp. 2 289,000

District Office Lending Chart

7(a) Loan Guaranty Program

Lender Name 7a Number of Loans 7a Loan Amountsort ascending
Banco Popular de Puerto Rico 89 6,046,400
Live Oak Banking Company 4 4,700,000
Banco de Desarrollo Económico para PR 9 4,145,000
Banco Santander Puerto Rico 29 2,028,600
Banco Bilbao Vizcaya Argentaria 13 1,080,300
FirstBank de Puerto Rico 5 405,000
Bank of Nova Scotia 1 250,000
Scotiabank de Puerto Rico 7 180,000
Borrego Springs Bank, 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. 13 3,495,000
COFECC 8 2,311,000
North PR Local Development Co., Inc. 2 656,000
Marketing Small Business Finance Corp. 3 532,000
Puerto Rico Business Development Corp. 2 289,000

Authorized SBA Lenders in Puerto Rico

7(A) LOAN GUARANTY PROGRAM

Banco Bilbao Vizcaya Argentaria
P.O. Box 364745
San Juan, PR 00936-4745
Phone: 787-777-2496 / 777-2584 / 777-2571
Fax: 787-777-2585

Banco Cooperativo de Puerto Rico
P.O. Box 366249
San Juan, PR 00936-6249
Phone: 787-641-2322, ext. 1081
Fax: 787-759-9455

SAN JUAN, PR – The U.S. Small Business Administration guaranteed 656 loans in Puerto Rico and the Virgin Islands during fiscal year 2011, a 57 percent increase over loans approved during the previous year. The results obtained are due in part to incentives implemented under the Small Business Jobs Act of 2010 and to a renewed commitment from SBA lenders.

WASHINGTON– Oscar Quiles, president of Pentaq Manufacturing Corp., of Sabana Grande, PR, was named the National Minority Small Business Person of the Year today by the U.S. Small Business Administration during the closing awards ceremony for the 29th annual Minority Enterprise Development (MED) Week conference in Washington, D.C. 

ATLANTA – TheU.S. Small Business Administration reminds eligible Private Non-Profit Organizations of the Oct. 26 deadline to submit disaster loan applications for damages caused by Hurricane Irene Aug. 21 -24, 2011. SBA also added the following municipalities to: Loiza, Penuelas and San Juan.

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