P.R. Laws tit. 23, § 11126
Subject to the eligibility criteria provided by the Economic Development Bank for Puerto Rico, the Bank is hereby directed to give priority to the financing applications filed by eligible SMBs covered by this chapter. To achieve such purpose, said institution may establish new financing programs or use existing ones. It may also enter into agreements with other financial institutions to offer financing, either by providing securities and/or shares. Furthermore, it may implement attractive programs to provide short-, medium-, or long-term financing, including, but not limited to lines of credit, insofar as they facilitate the immediate establishment of eligible SMBs with capacity to create jobs immediately.
History —July 31, 2014, No. 120, § 2.6.