Commercial Loans

• How can I monitor my business loan payments?

  To monitor your business loan payments please contact the Commercial Support Center at 787.756.3939 or 1.855.756.3939, or visit one of our branches.

• How or where can I request my business loan information?

  To request information on business loans please contact the Commercial Support Center at 787.756.3939 or 1.855.756.3939, or visit one of our branches.

• How can I make a payment to the principal of my business loan?

  You can make the payment by visiting any of our branches throughout the island.

• What are the terms of business loans?

  It depends on the purpose, use of funds, collateral, and guarantees offered. In order to offer terms and conditions, an evaluation of the requested credit must be made.

• What are term loans?

  They are agreements to offer funds, for a specific purpose, payable in installments. Term, or long-term, loans are those that are granted for a term greater than one year. Short-term loans are those that are payable on a specific date that does not exceed one year.

• Does Popular offer government-guaranteed loans (SBA)?

  Yes, Popular offers different programs within the Small Business Administration (SBA) loans. For more information about our loans, go to: https://www.popular.com/en/business/business-credit/ or call 787.724.3650.

• How do I know what type of commercial loan is best for my business?

  Popular has Business specialists throughout the island. They will be able to offer guidance on the credit product that works best for you.

• What are the requirements to apply for a loan?

  To apply for a loan, you must:

  • Complete the Credit Application at one of our branches or through the online platform www.popularbusinessplatform.com
  • Provide financial statements or business tax returns for the last two years, and personal financial statements or guarantors’ income tax returns.
  • Other documents will be required according to the type of industry and/or type of credit product for which you are applying.
• What documents should I bring to apply for a commercial loan?

  To apply for business credit, you must:

  • Complete the Credit Application at one of our branches or through the online platform www.popularbusinessplatform.com
  • Provide financial statements or business tax returns for the last two years, and personal financial statements or guarantors’ income tax returns.
  • Other documents will be required according to the type of industry and/or type of credit product for which you are applying.
• Which office should I contact if I have doubts regarding business credit?

  You can visit any of our branches throughout the island or call the Commercial Support Center at 787.756.3939 or 1.855.756.3939.