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PR

BDE Nonprofit Line of Credit

Operating line of credit for Puerto Rico nonprofit organizations.

About this program

BDE offers a line of credit product for nonprofit organizations to cover recurring operating needs and short-term capital requirements, including nonprofit contractors and service providers.

Eligibility

Eligible Puerto Rico nonprofit organizations, including Mayaguez nonprofits, meeting BDE credit and operating requirements.

Requirements

  • Apply through BDE
  • Provide nonprofit governance, financial statements, operating budget, credit, collateral, and use-of-funds information
  • Complete underwriting, approval, and line closing requirements