Banco Popular de Puerto Rico

This is a financial institution offering SBA loan programs and small business financing solutions. You can find assistance with loan applications, financial guidance, and personalized support for your business needs.

It's recommended to schedule an appointment to ensure dedicated time with a loan specialist, but walk-ins may be accommodated depending on availability.

The bank's typical hours are Monday through Friday from 9:00 AM to 4:00 PM, but it's best to confirm with the branch directly.

There are no fees for visiting the branch; however, loan application and processing fees may apply depending on the services utilized.

This bank primarily serves residents and small business owners within Puerto Rico, but some services may be available to non-residents with qualifying criteria.

A minimum personal credit score of around 640 is generally preferred for loan approval, but other factors are also considered.

The underwriting process typically takes between 30 to 60 days, depending on the complexity of the application and completeness of documentation.

Most banks keep weekday business hours and are closed on weekends, and Banco Popular de Puerto Rico typically follows the same pattern. SBA lending staff are generally reachable Monday through Friday. A few locations offer Saturday or by-appointment hours, so call Banco Popular de Puerto Rico to confirm current weekend availability before you go.

Banco Popular de Puerto Rico is located in Puerto Rico — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.

This page is an independent directory listing for Banco Popular de Puerto Rico, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Banco Popular de Puerto Rico itself, which runs its own lending under its own ownership. If you work at Banco Popular de Puerto Rico, you can claim this listing from this page to manage it.

The core details for Banco Popular de Puerto Rico — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with Banco Popular de Puerto Rico before applying. If you represent Banco Popular de Puerto Rico, claim this listing to keep its information up to date.

You can reach Banco Popular de Puerto Rico by phone at (787) 725-2636 or online at popular.com — the details are in the contact card on this page. For SBA loans specifically, ask for their business lending or SBA department. Treat this directory page as a starting point and confirm hours and contact details with Banco Popular de Puerto Rico before relying on them.

Based on its approved SBA loans, Banco Popular de Puerto Rico most often finances businesses in medical practices & clinics, general retail, restaurants & food service, wholesale & distribution, construction & contractors, and manufacturing. This reflects Banco Popular de Puerto Rico's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with Banco Popular de Puerto Rico which sectors it actively lends to before you apply.

SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Banco Popular de Puerto Rico participates in SBA Express depends on its specific SBA lending authority. Contact Banco Popular de Puerto Rico and ask if it offers SBA Express and what the current limits and terms look like for your situation.

SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. Banco Popular de Puerto Rico can confirm its current PLP standing — ask before you apply if speed matters to you.

The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. Banco Popular de Puerto Rico's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Banco Popular de Puerto Rico directly whether it considers start-up loans.

For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask Banco Popular de Puerto Rico what down payment it expects for your specific commercial real estate purchase.

SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask Banco Popular de Puerto Rico to spell out any prepayment penalties before you sign.

SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with Banco Popular de Puerto Rico to confirm it qualifies and how to document it.

A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. Banco Popular de Puerto Rico weighs this case by case under its own policy, so be upfront about your history and ask Banco Popular de Puerto Rico how it evaluates prior bankruptcies.