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Puerto Rico

Puerto Rico District Office

 SBDC of Excellence, Family-Owned Business, Small Business Exporter, and Entrepreneurial Success Awards also bestowed

SAN JUAN, PR – The Puerto Rico & Virgin Islands district office of the U.S. Small Business Administration today honored Oscar Quiles, president of Pentaq Manufacturing Corp., with the 2012 Small Business Person of the Year Award, during the closing ceremonies of Small Business Week in Puerto Rico. 

District Office Lending Chart

7(a) Loan Guaranty Program

Lender Name 7a Number of Loanssort ascending 7a Loan Amount
Banco Popular de Puerto Rico 174 10,127,300
Banco Santander Puerto Rico 36 2,411,400
Banco Bilbao Vizcaya Argentaria 23 2,451,900
Banco de Desarrollo Económico para Puerto Rico 22 7,054,500
FirstBank de Puerto Rico 18 1,449,300
Scotiabank de Puerto Rico 12 315,000
Live Oak Banking Company 4 4,700,000
Borrego Springs, N.A. 3 135,000
Bank of Nova Scotia 1 250,000
Oriental Bank & Trust 1 135,000

CDC/504 Loan Program

Lender Name CDC/504 Number of Loans CDC/504 Loan Amount
PYMES Financial Partners, Inc. 23 6,295,000
COFECC 12 4,186,000
Marketing Small Business Finance Corp. 8 1,189,000
North PR Local Development Co., Inc. 3 1,040,000
Puerto Rico Business Development Corp. 2 289,000

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

CDC/504 Loan Program

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

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 Loanssort ascending 7a Loan Amount
Banco Popular de Puerto Rico 107 7,525,700
Banco Santander Puerto Rico 29 2,028,600
Banco Bilbao Vizcaya Argentaria 16 1,535,300
Banco de Desarrollo Económico para PR 15 6,019,300
FirstBank de Puerto Rico 9 650,000
Scotiabank de Puerto Rico 7 180,000
Live Oak Banking Co. 4 4,700,000
Bank of Nova Scotia 1 250,000
Borrego Springs, N.A. 1 50,000

CDC/504 Loan Program

Lender Name CDC/504 Number of Loans CDC/504 Loan Amount
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 Loanssort ascending 7a Loan Amount
Banco Popular de Puerto Rico 89 6,046,400
Banco Santander Puerto Rico 29 2,028,600
Banco Bilbao Vizcaya Argentaria 13 1,080,300
Banco de Desarrollo Económico para PR 9 4,145,000
Scotiabank de Puerto Rico 7 180,000
FirstBank de Puerto Rico 5 405,000
Live Oak Banking Company 4 4,700,000
Bank of Nova Scotia 1 250,000
Borrego Springs Bank, N.A. 1 50,000

CDC/504 Loan Program

Lender Name CDC/504 Number of Loans CDC/504 Loan Amount
PYMES Financial Partners, Inc. 13 3,495,000
COFECC 8 2,311,000
Marketing Small Business Finance Corp. 3 532,000
North PR Local Development Co., Inc. 2 656,000
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.

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