Contact Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC)
- Address
- 171 Ave Carlos Chardon, Ste 407 San Juan, PR 00919
- Phone
- 787-756-5080
- Website
- lendreams.com
- [email protected]
Where they lend
Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) is an SBA-approved microloan intermediary serving Puerto Rico.
What an SBA microloan is
The SBA does not lend directly. It funds intermediaries like Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC), who lend up to $50,000 to small businesses and start-ups that banks usually turn down. The average loan is around $13,000, terms run up to seven years, and decisions rest with the intermediary rather than the SBA.
Almost every intermediary asks for the same things: a written business plan, financial projections, what the money is for, and your credit history. The plan is where most applications stall.
Before you apply
Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) will ask for a business plan with your application. We write SBA-ready plans built for microloan applications, with the financial projections lenders expect.
