Puerto Rico

Puerto Rico District Office

Wanda Otero from Quesos Vaca Negra
Edwin Tirado

District Office Lending Chart

7(a) Loan Guaranty Program

Lender Name 7a Number of Loans 7a Loan Amountsort ascending
Banco Popular de Puerto Rico 83 10,139,200
Oriental Bank 69 8,242,200
FirstBank de Puerto Rico 7 5,087,100
Signature Bank of Georgia 2 4,505,000
Banco de Desarrollo Económico para Puerto Rico 13 1,684,300
Live Oak Banking Company 1 1,460,000
Banco Santander Puerto Rico 18 898,700
FirstBank - Virgin Islands 1 461,200

CDC/504 Loan Program

Lender Name CDC/504 Number of Loans CDC/504 Loan Amountsort ascending
COFECC 18 3,000,000
PYMES Financial Partners, Inc. 6 2,721,000
Marketing Small Business Finance Corp. 5 1,033,000

In 1970, after completing his military service in Panama and Germany during the Vietnam War, US Army Veteran Pedro Córdova, relocated with his wife Mary Margaret “Mimi” McCloskey, to native Puerto Rico. 

Pedro had served with the ROTC while he was studying for his bachelor’s in Business Administration.  Once completed, he went on to obtain his Juris Doctor and later applied to the Judge Advocate General’s Corps.

In November 2012, physician and surgeon of the foot Regina Flippin started her practice Urban Foot Care in Christiansted, St. Croix with two employees and plenty of determination.  She already had nine years of experience, having run a successful practice in Milwaukee since 2003.

“My husband had retired after 32 years of federal service and we were looking for someplace warm to put down roots,” says the Memphis native.

Woman Entrepreneur takes aged cheese and yogurt manufacturing to another level with assistance from SBA programs and services

In Puerto Rico, more milk is produced than consumed. Almost a decade ago, Wanda Otero took advantage of that excess milk to create the first artisan aged cheese on the island.

In 2009, at the age of 19 and in his second year of Engineering studies in college, upon learning that he was about to become a father Edwin Tirado decided that starting his own business would be the best way to provide for his family.

He began baking in the garage at his parents’ home in Naranjito, a town in the central region of Puerto Rico. Naming the business Charlotte’s Sweets after his child’s mother, Edwin set up shop at a shopping mall in Naranjito, and over the following six months sold cakes and other sweets.

District Office Lending Chart

7(a) Loan Guaranty Program

Lender Name 7a Number of Loans 7a Loan Amountsort ascending
Banco Popular de Puerto Rico 76 9,850,700
Oriental Bank 62 7,337,800
Signtaure Bank of Georgia 2 4,505,000
FirstBank de Puerto Rico 6 3,087,100
Banco de Desarrollo Económico para Puerto Rico 12 1,637,400
Live Oak Banking Company 1 1,460,000
Banco Santander Puerto Rico 16 848,700

CDC/504 Loan Program

Lender Name CDC/504 Number of Loans CDC/504 Loan Amountsort ascending
COFECC 13 2,490,100
PYMES Financial Partners, Inc. 5 1,659,000
Marketing Small Business Finance Corp. 5 1,033,000

SAN JUAN, PR – Today the U.S. Small Business Administration (SBA) honored 3A Press Corporation’s leaders, siblings Marie and Angel Alexis Rosado, with the Puerto Rico Small Business Person of the Year Award, SBA District Director Yvette T. Collazo announced.

Collazo presented the team with its award at the Small Business Week closing ceremonies co-hosted by the Puerto Rico Bankers Association, and at which Puerto Rico Trade and Export Company Executive Director Ricardo Llerandi was keynote speaker. 

NOTE: This event has expired.

May 16, 2019 | 2:00 pm AST - 4:00 pm AST

201 Ave. Algarrobo, Centro Comercial Suite 9, Mayagüez, PR 00682

Topics: Capital Access; Federal Contracting; Rural Development; and Puerto Rico Trade programs. To be conducted in Spanish.

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