FEMA and SBA award 1 million dollars to those affected by storm Isaías | Puerto Rico | USA Edition

The Federal Emergency Management Agency (FEMA) announced Tuesday that it approved more than $ 1 million in federal subsidy and loans from the Small Business Administration (SBA) to affected by Tropical Storm Isaías to his passage through Puerto Rico in July. As detailed by FEMA in a press release, as of October 18, 867 people … Read more

Approaching deadline for traders to apply for SBA loans

The u.s. Small Business Administration of the united States recalled that the last two weeks of the Program of Protection of Payroll (PPP) are at the end. The regional administrator of the federal agency, Steve Bulger indicated in a written communication that the purpose of the program is to ensure that the cash injection reaches … Read more

Popular disburses more than $ 1.2 billion in SBA loans

Popular announced today that, as of May 1, it had processed $ 1,243 million in loans under the two rounds of the Federal Small Business Administration’s (SBA) Paycheck Protection Program (PPP). These loans benefit 16,397 small and medium businesses that employ more than 235,000 people. Of the total, $ 1,058 million has been granted through … Read more

Puerto Rico lags behind in the distribution of federal funds to mitigate the pandemic

To our audience: El Nuevo Día offers you free access to its news coverage related to COVID-19. If you want to support our mission of providing you with true, relevant and useful information now and after the emergency, we encourage you to subscribe to subscriptions at elnuevodia.com. For the second time, Puerto Rico would have … Read more

SBA receives more than 100,000 loan applications in the first five hours

In just over five hours, banks submitted more than 100,000 loan applications for the federal Small Business Administration’s Payroll Protection Program (PPP), the administrator co-signed in a tweet. Jovita Carranza. “Unprecedented demand is slowing the response time of our system“Carranza wrote a little over an hour ago and noted that More than 4,000 lenders have … Read more

Retailers allege banks left small businesses behind on SBA loans

The president of the United Retailers Center (CUD), Jorge Argüelles, assured that small and medium businesses lagged behind in federal program loans “Payroll Protection Program”(The PPP for its acronym in English), since according to alleged banks gave priority to their preferred customers. Last week the Federal Small Business Agency from United States (SBA, for their … Read more

Temporary closure of 90 hotels in Puerto Rico due to the COVID-19 pandemic

To our audience: El Nuevo Día offers you free access to its news coverage related to COVID-19. If you want to support our mission of providing you with true, relevant and useful information now and after the emergency, we encourage you to subscribe to subscriptions. Elnuevodia.com — ANDn total, 90 hostels temporarily closed in Puerto … Read more

Limited amount of loans for COVID-19 to Puerto Rico

Although generally nothing is free, seldom does a country print money and place it in the hands of its constituents without asking many questions. That was basically what happened in the United States during the past 13 days with the emergency loans that the federal government granted – through the Small Business Administration (SBA) – … Read more

First Coronavirus Emergency Loans Flow

On the first day of the effectiveness of the emergency loan program in the face of the coronavirus pandemic, Banco Popular processed around $ 2.6 million in loans, reported the financial institution. In a press release, the institution said that yesterday it disbursed part of the approved loans. “We are committed to helping our clients … Read more

Banco Popular will give a $ 1,000 bonus to employees who work in person

Popular reported additional initiatives in response to the emergency situation that Puerto Rico is facing due to COVID-19, serving three main fronts: clients, employees and communities. The institution reiterated its commitment to offer essential banking services, while protecting the health of its clients and employees. Popular explained in a written communication that 70% of its … Read more