Strategic Initiative(s) Alignment: Access to Capital, Small Business Recovery
Program: EDA Awarded Grants
Type: Support/Coordination
Year(s): 2020
EDA awarded a $547,705 CARES Act Recovery Assistance grant to the Autonomous Municipality of Caguas, Puerto Rico, to capitalize and administer a Revolving Loan Fund (RLF) that will provide critical gap financing to small businesses and entrepreneurs adversely affected by the coronavirus pandemic in Puerto Rico.