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 loans as an SBA Preferred Lender and can expedite the loan approval process because we make the loan decision within SBA guidelines. Our specialized personnel provides speed and efficiency in the approval and payment of these loans. Minimal contribution – At least a 10% contribution to the project is required. Flexible terms – Up to 30 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 when business has strong cash flow. Postponement for repayment of principal – Up to 12 months of interest-only payments.4 No prepayment penalties – For loan terms less than 15 years.5 Management support – We offer management assistance 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 / Preferred Lender ProgramSBA 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.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.Personal Tax Return for the last year (stamped by the Department of Treasury). 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. - 787-765-1677Marketing Small Business Finance - 787-641-0800 Corporación para el Financiamiento Empresarial del Comercio y las Comunidades - 787-756-5080North Puerto Rico Local Development Company, Inc. - 787-766-9166Puerto Rico Business Development Corporation - 787-753-5786 Call Us 787-729-8258