PageContent1Manage your business safely with the protection provided by the Small Business Administration (SBA).Apply for the best commercial financing alternative guaranteed by the SBA2. Find accessible short and long term loan alternatives that could be used for:Startup, expansion or business acquisition.Purchasing of machinery and equipment.Purchasing of inventory.Purchasing or improvements to commercial real estate.Refinancing existing business debt1.Working capital. Benefits: Faster processing – We are authorized to provide SBA-guaranteed loans under the Preferred Lender Program, streamlining the authorization process through SBA-delegated authority. We have specialized personnel to handle these loans, providing you with more efficiency and speed for approval and disbursement. Minimal contribution – At least a 10% to 15% contribution to the project is required. Flexible terms – Up to 25 years for the purchase or construction of Commercial Real Estate.2 Competitive interest rates – The interests are lower than the loans without the SBA guarantee. Collateral – The applicant’s collateral will be evaluated at the moment of the transaction.3 Collateral requirements are less rigid for Loan to Value. Postponement for repayment of principal – Up to 6 months of interest-only payments.4 Management support – We guide you on management training programs through the Small Business & Technology Development Center (SBTDC) and the Instituto Empresarial para la Mujer. Convenience – You can apply for your loan at any of our branches. Loan Programs: SBA 504SBA ExpressSBA 7 (a) Loan SBA Export Express SBA Veterans AdvantageSmall Loan Advantage REQUIREMENTS: These are the basic documents required for every loan requested: Financial statements of the business for the past 3 years.Internal financial statements, if the last one has more than 3 months.Business Tax Return for the last 3 years.Personal financial statements recent at the date of filing.Business history or business plan.Corporate documents, if applicable.Business permits.Lease agreements, if applicable.Quotes for improvements and/or equipment purchase.Other documents will be requested as they apply. Additional requirements for the SBA loans: Income and expense forecasts for the next 3 years (first year on a monthly basis and second and third year on an annual basis). Additional Information: SBA: Entrepreneurial Services Information Puerto Rico Small Business & Technology Development Centers (SBTDC) Office of Women's Business Ownership (OWBO)FirstBank is approved to offer SBA loan products under SBA’s Preferred Lender, Veterans Advantage and Express Lender programs. Also, we offer in participation financing, through the SBA-504 program, with the following certified SBA corporations:PYMES Financial Partners, Inc. - 787-765-1677Corporación para el Financiamiento Empresarial del Comercio y las Comunidades - 787-756-5080 Call Us 787-729-8258