Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC)
Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) is an active SBA lender in Puerto Rico, a bank offering SBA-guaranteed small-business loans. Currently rated 5.0 stars across 4 Google reviews.
$165M
in SBA approvals since 2010
501
SBA loans funded
Manufacturing · Medical Practices & Clinics · Restaurants & Food Service
Top industries financed
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present).
About Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC)
Specializing in commercial banking services, this institution offers tailored financing solutions for small and medium-sized businesses. They provide a range of SBA loan programs, including the popular 7(a) and 504 options, to support business growth, real estate acquisitions, and working capital needs. With a focus on the Puerto Rico region, they serve local entrepreneurs and established companies alike, helping them access capital with flexible terms and competitive rates. Their experienced team guides clients through the application process, ensuring a smooth experience from initial inquiry to loan closing. Whether you're seeking funding for expansion, equipment purchase, or real estate development, this lender is equipped to meet your needs with personalized service and industry expertise. They also support microloans and express loan programs, making financing accessible for startups and small businesses. Their commitment to fostering economic development in Puerto Rico is reflected in their dedicated customer support and comprehensive loan offerings, making them a reliable partner for your business financing goals.
Industries Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) finances
Business types Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) actively lends to, from its SBA loan history. Tap one to see every lender serving it.
Common questions about Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC)
What is this place and what can I find here?
This is a commercial bank offering SBA and business financing solutions. You can find information about loan programs, application processes, and support for small businesses in Puerto Rico.
Do I need an appointment or can I walk in?
It is recommended to schedule an appointment to ensure dedicated assistance, but walk-ins are also welcome during business hours.
What are the hours of operation?
Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) operates Monday through Friday from 8:00 a.m. to 5:00 p.m. Please confirm these hours with COFECC directly.
Is there a fee to use this?
There are no fees for accessing basic information; loan application fees and closing costs vary depending on the loan type.
Who is this open to — anyone, or only residents/members?
This bank primarily serves residents and businesses in Puerto Rico, but some services may be available to out-of-region applicants.
What minimum personal credit score does this bank look for in a guarantor?
A minimum personal credit score of 640 is generally required for guarantors.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes between 30 to 45 days, depending on the loan complexity and completeness of documentation.
Is this open on weekends?
Most banks keep weekday business hours and are closed on weekends, and Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) 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 Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) to confirm current weekend availability before you go.
How do I get there and where do I park?
Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) 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.
Who owns or operates this listing?
This page is an independent directory listing for Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC), an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) itself, which runs its own lending under its own ownership. If you work at Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC), you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) — 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 Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) before applying. If you represent Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC), claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) by phone at (787) 756-5080 or online at lendreams.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 Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) before relying on them.
What core industries does this commercial bank traditionally choose to finance?
Based on its approved SBA loans, Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) most often finances businesses in restaurants & food service. This reflects Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC)'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 Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) which sectors it actively lends to before you apply.
Can I apply for an SBA Express line of credit at this branch?
SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) participates in SBA Express depends on its specific SBA lending authority. Contact Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) and ask if it offers SBA Express and what the current limits and terms look like for your situation.
Does this bank have Preferred Lender Provider status with the government?
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. Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) can confirm its current PLP standing — ask before you apply if speed matters to you.
Are start-up companies eligible for financing at this traditional institution?
COFECC supports first-time entrepreneurs and startup companies through their Academia Práctica Empresarial program and offers microloans. Please confirm specific eligibility requirements with COFECC directly.
What are the typical down payment expectations for commercial real estate acquisitions?
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 Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) what down payment it expects for your specific commercial real estate purchase.
Does this bank impose prepayment penalties on short-term working capital facilities?
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 Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) to spell out any prepayment penalties before you sign.
Can I use loan proceeds from this bank to buy out an existing equity partner?
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 Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) to confirm it qualifies and how to document it.
Will historical personal bankruptcies automatically disqualify my loan application here?
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. Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) weighs this case by case under its own policy, so be upfront about your history and ask Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) how it evaluates prior bankruptcies.
