CNE: Financial sector failed miserably in Puerto Rico’s hour of need
April 21, 2020
The local financial sector “failed miserably in Puerto Rico’s hour of need” by not helping to close more loans and secure aid for the island’s small business sector through the Paycheck Protection Program, the Center ...
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Vázquez signs law to reduce tax rate for some Puerto Rico residents
April 20, 2020
Gov. Wanda Vázquez signed into law a bill presenting several amendments to the Puerto Rico Tax Reform passed last year that will benefit taxpayers, entrepreneurs and seniors. Law 40-2020, grants an additional 3% reduction for ...
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SBA confirms Puerto Rico lenders approved 2,856 loans totaling $659M
April 17, 2020
The U.S. Small Business Administration released a report today confirming that Puerto Rico’s banking partners approved a combined 2,856 loans for a total of $658.5 million under the Paycheck Protection Program (PPP) as of April ...
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