President Biden announced important changes to the PPP, including a two-week window for businesses with fewer than 20 employees.
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Puerto Rico
Puerto Rico District Office
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District Office Lending Chart
7(a) Loan Guaranty Program
| Lender Name | 7a Number of Loans | 7a Loan Amount |
|---|---|---|
| Banco Popular de Puerto Rico | 30 | 3,355,600 |
| Oriental Bank | 15 | 1,932,300 |
| Banco Santander Puerto Rico | 7 | 205,000 |
| Economic Development Bank for Puerto Rico | 6 | 753,500 |
| FirstBank de Puerto Rico | 3 | 707,100 |
| Live Oak Banking Company | 1 | 1,460,000 |
| Total SUM | 62 | 8,413,500 |
CDC/504 Loan Program
| Lender Name |
CDC/504 Number of Loans |
CDC/504 Loan Amount |
|---|---|---|
| Marketing Small Business Finance Corp. | 1 | 98,000 |
| PYMES Financial Partners, Inc. | 4 | 1,495,000 |
| COFECC | 6 | 1,237,000 |
| Total SUM | 11 | 2,830,000 |
SAN JUAN, PR – Locally-owned Rovira Foods Inc. has received a $726,213 federal contract to produce unsalted crackers to be delivered through the U.S. Department of Agriculture’s Food Distribution Program on the mainland. Thanks to the collaborative efforts of the U.S. Small Business Administration’s Puerto Rico and Virgin Islands district office, SBA’s Procurement Center Representative (PCR) and the Puerto Rico Manufacturing Extension (PRiMEX) the company was able to learn about existing federal contracting opportunities for the food manufacturing industry.
ST. THOMAS, USVI – The U.S. Small Business Administration has graduated nine companies from its Emerging Leaders program in the US Virgin Islands, completing the second cycle of the training series offered to small business entrepreneurs in the territory.
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