Businesses in Puerto Rico face a number of unique challenges that make it difficult to access the small business funding they need to grow, such as economic factors, lack of access to capital, labor shortages, and natural disasters.
Over ¾ of small businesses in Puerto Rico reported losses and ongoing challenges related to Hurricane Maria in 2017, including decreased revenue, increased expenses, and difficulty accessing insurance. Special funding and grant programs have dried up, but business confidence remains high despite these challenges and many small businesses are planning to grow and expand.
Like all regions, small businesses in Puerto Rico need working capital to rebuild and grow. With a simpler application, faster turnaround, and flexible approval requirements, Greenbox Capital can fund more small businesses in Puerto Rico in as little as one business day. We offer a variety of small business funding options in Puerto Rico, from as little as $3,000 up to $500,000. We fund all industries, including manufacturing, service businesses, tourism businesses, retail stores, medical practices, law firms, and more.