11024f

Subject to the eligibility criteria provided by the Economic Development Bank for Puerto Rico, such entity is hereby directed to give priority to the financing applications filed by Eligible Businesses covered under this chapter and to process such applications promptly. To achieve this, such institution may create new financing programs or use existing ones. It may also enter into agreements with other financial institutions to offer financing, either by providing guarantees and/or shares. Furthermore, it may institute attractive programs to provide short-, medium-, or long-term financing, including, but not limited to lines of credit, insofar as they facilitate the immediate establishment of eligible businesses that can create jobs rapidly. History —Jan. 10, 2013, No. 1, § 4.7; renumbered as § 4.8 on July 5, 2013, No. 54, § 6.