Popular encourages entrepreneurs to join ‘StartUp Popular’ call
Part of the success of any business is to be able to count on capital that supports their growth and keeps the operations solid. In response to that Popular announced its 7th call for funding, business coaching and networking program, StartUp Popular.
The application deadline is April
Since its inception, more than 85
local entrepreneurs have benefited from this program helping to create jobs on
the island. As in previous years, StartUp Popular seeks to offer financing and
support to all entrepreneurs looking to expand their business vision, the
“Throughout the years, StartUp
Popular has allowed local entrepreneurs to make improvements in their
establishments, buy equipment, increase inventory, invest in marketing efforts,
increase the number of employees in their operation, among others,” said Miguel
Páez, first vice president of Business Banking.
“At Popular we have seen them
grow and we celebrate their success as part of our commitment to promote the
economic transformation that Puerto Rico needs,” he said. “StartUp Popular is a
springboard to success because it has three key components for the success of a
young business: financing, business coaching and networking events.”
The members of StartUp Popular
come from a wide variety of industries, namely retail stores, professional
services, agriculture, food and beverages, among others.
In addition to financing, they
have received business coaching where mentors support them in topics such as:
marketing strategies, accounting, finance and sales. Businesses like Señor
Paleta, Bien Cool, Aseguratec, Viande Foods LLC have been part of StartUp
StartUp Popular entrepreneurs also
participate in networking events in which they learn about relevant business issues
and have the opportunity to exchange experiences with their peers.
As part of the requirements, the
applicant must have an established business with two years or less of
operation, have begun to generate sales, a member of the work team must have a Business
Administration course, workshop or degree, and have no commercial debt.