The Government of Puerto Rico, and the Puerto Rico Department of Housing (PRDOH), is proud to announce the launch of the Small Business Financing Program (SBF), financed with funds allocated by the Department of Housing and Urban Development (HUD).
SBF will provide a Recovery Grants phase (grants awards of up to $50,000) for working capital and moveable equipment for small businesses and microenterprises that suffered physical and/or financial losses due to the Hurricanes. Following the Recovery Grant phase, SBF will offer the ability to apply for flexible loans to further implement economic recovery. The Recovery Grants will assist economic recovery across the Island by creating new jobs, retaining current employees, and attending the urgent need for assistance that many small businesses in Puerto Rico have as a result of damages caused by the storms.