SBTDC, Carolina link SMEs with financing options
The Puerto Rico Small Business and Technology Development Center and the Municipality of Carolina held a Lender Match event to connect small and midsize businesses with financial institutions and capital resources.
The event brought together entrepreneurs and representatives from several financial institutions for one-on-one meetings focused on financing, business expansion and access to liquidity for the sector.
“Emerging opportunities don’t wait. Digitization, expansion or the purchase of inventory require financial agility,” said Ivonne Negrón-Luciano, executive director of the center.
Negrón-Luciano said Puerto Rico is facing “great historical opportunities” in industries such as technology, manufacturing, tourism, health and construction, while many businesses continue to struggle to obtain financing.
“Our goal is for entrepreneurs to be able to obtain capital, so that the lack of liquidity does not stop the growth of small and medium-sized businesses in Puerto Rico,” she said.
Organizers said the event was designed to give business owners an opportunity to discuss their companies’ needs directly with lenders while expanding their professional networks.
Participants also attended educational sessions on financing alternatives for small and midsize businesses, programs for the medical industry, U.S. Small Business Administration offerings and incentives available through Puerto Rico’s Department of Economic Development and Commerce.
The event included coordinated matchmaking sessions intended to provide confidential meetings between entrepreneurs and financial institution representatives.
“This event was an ideal space to make valuable connections and receive practical guidance to access financial resources,” Negrón-Luciano said.
The center said the initiative was funded in part through a cooperative agreement with the SBA and Inter American University of Puerto Rico.
Editor’s note: The Spanish translation of this page was generated using artificial intelligence and may contain errors. For questions or clarification, please refer to the original English version.
Article by: NIMB Staff
Original article: https://newsismybusiness.com/sbtdc-carolina-link-smes-with-financing-options/
