Oriental Bank’s business banking unit recently granted a $3.5 million loan to Bearco LLC (Bodegas Españolas Argentinas Corp.), one of the companies owned by CC1 Puerto Rico.
The U.S. Department of Agriculture is taking applications from lenders for loan guarantees to finance rural rental housing tapping into a $150 million fund available for this program, agency Secretary Tom Vilsack said Tuesday.
Two major Puerto Rico banks, Banco Popular and Oriental Bank, announced Monday the closing of two significant loans that will move forward projects that will benefit the economy and the community.