Puerto Rico Small Business Development Centers (PR-SBDC) are one of the U.S. Small Business Administration (SBA) leading resources that offer programs to help develop small businesses in Puerto Rico. These small businesses keep the Puerto Rican economy alive when large corporations close.

When starting or expanding a small business in Puerto Rico, take advantage of the small business development centers in Puerto Rico. They offer counseling and training, help develop business and marketing plans, locate financing options and much more. In addition, their programs are free or reduced-fee and get you on the road to success. When considering small business development in Puerto Rico, remember these points:

1. Follow recommended steps for successful small business development in Puerto Rico.

2. Seek readily available assistance for small business development in Puerto Rico.

3. Obtain financing for Puerto Rico small business development.

Action Steps
The best contacts and resources to help you get it done

Create business plans with help from business development centers in Puerto Rico

SBDCs in Puerto Rico help start or expand a business specialty with an analysis of competition to increase awareness. Then they help develop a detailed business plan and marketing strategy, so you can sell your idea to financial prospects. For entrepreneurs willing to work hard, be creative and resourceful, success is ready for you.

I recommend: Inc.com gives background and organizational information about SBA and SBDC programs. For a list of resources that help build and maintain specific industries in Puerto Rico, see buzgate.org.

Use a small business development center in Puerto Rico for seminars and mentoring

SBA in Puerto Rico is the administrator of PR-SBDC, and it is the leader of programs and services that help entrepreneurs in Puerto Rico. To avoid common business mistakes, seek assistance from experienced business people within Puerto Rico SBDCs. Professional help is available through several mediums, such as online courses, mentoring, classes, seminars and written material.

I recommend: The U.S. Small Business Administration provides a comprehensive list of programs available through the SBA. The SBDC website provides an overview of services available with the Small Business Development Program. Both of these websites lead you to programs specific to Puerto Rico.

Find financing for ventures through a SBDC in Puerto Rico

Capital for opening a small business in Puerto Rico is available for entrepreneurs, and SBA has a variety of loan programs to help you find the right financing options. Use your detailed business plan to sell the business idea to investors and have faith in success of the business.

I recommend: The Puerto Rico Herald has a listing of financial sources available through the SBA. U.S. Small Business Administration Programs and Services provide detailed information about SBA financing and more, as well as listing the Puerto Rico office.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Make sure you maintain a healthy credit report so the Puerto Rico small business development centers can offer you the best financing program possible.