Puerto Rico Small Business Administration Loan Application Form and Checklist
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How to fill out Small Business Administration Loan Application Form And Checklist?
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Ready to Start a Business in Puerto Rico? Pick a Business Structure. Name Your Business. File Formation Paperwork. Draft Internal Records. Get Puerto Rico Business Licenses. Get Business Insurance. File a Puerto Rico Annual Report. Build Your Business Website.
Puerto Rico offers a range of tax benefits that make it attractive to investors, including a flat 4% tax rate on income, 100% tax exemptions on distributions, and an exemption from personal property taxes of 90% for certain types of businesses.
SBA Loans in Puerto Rico. The Small Business Administration (SBA) offers the same funding programs to businesses based in Puerto Rico as they do in the mainland United States.
You may get denied an SBA loan if your business could obtain financing elsewhere or has a wealth of assets above the loan amount requested. You also probably won't get approved if you've had a past default on a government loan. Finally, the SBA disqualifies specific industries, including: Financial institutions.
SBA Loans in Puerto Rico. The Small Business Administration (SBA) offers the same funding programs to businesses based in Puerto Rico as they do in the mainland United States. They are facilitated by commercial banks that operate in Puerto Rico, such as First Bank and Banco Popular de Puerto Rico.