[HDF]

I have monthly bank leads for PR. I do not sell leads, I am looking for a business partnership. My espanol is not muy bien enough and one would be a fool to tackle this intricate and challenging market alone. PM me for details if you want to take this on, and can arrange site inspections etc, and get some dinero flowing. Spanish speaking closers need apply.

Or perhaps share your challenges regarding PR here. Gracias.

[CreditGuy]

PR is a risky play right now given they are, as a territory, budgetarily ****ed and the labor market is similarly bent over. Due to a bizarre set of circumstances they are shuttering public services and laying off government workers in droves to try to solve their debt issue because their constitution mandates they pay bond holders prior to running public services like hospitals and schools. Unemployment is 12%, double the US average. Seeing as the majority of PR is on government assistance or a government employee, any business there is likely in the throes of serious macroeconomic disruption and considerable uncertainty writ large. Since 2009-2010 they have laid off a quarter of the government labor force, and government employees still account for 1 in 3 employees on the island. Another 1/3 is on public assistance, and those two groups aren't entirely mutually exclusive. Congress is currently considering a bill to remove the law that estops PR from filing sovereign BK, but unfortunately regardless of the outcome they are pretty hosed in the short-medium term. I wouldn't lend into PR right now for any reason. Good luck and godspeed.

[Christian]

PR is a risky play right now given they are, as a territory, budgetarily ****ed and the labor market is similarly bent over. Due to a bizarre set of circumstances they are shuttering public services and laying off government workers in droves to try to solve their debt issue because their constitution mandates they pay bond holders prior to running public services like hospitals and schools. Unemployment is 12%, double the US average. Seeing as the majority of PR is on government assistance or a government employee, any business there is likely in the throes of serious macroeconomic disruption and considerable uncertainty writ large. Since 2009-2010 they have laid off a quarter of the government labor force, and government employees still account for 1 in 3 employees on the island. Another 1/3 is on public assistance, and those two groups aren't entirely mutually exclusive. Congress is currently considering a bill to remove the law that estops PR from filing sovereign BK, but unfortunately regardless of the outcome they are pretty hosed in the short-medium term. I wouldn't lend into PR right now for any reason. Good luck and godspeed.

Business also operate with a very different mentality over there. There is no sense of urgency for anything... Ever. Much less a financing application.

[HDF]

Yup. Fully agree. However there are still numerous businesses who have the balls to apply at a bank. The opportunity has intrigued me for some time. Considering that their credit profile is likely comparatively strong, and that they are not likely to get funded or fully funded by a bank, it only makes sense to some exploratory work there. Especially in the healthcare sector.

[HDF]

Business also operate with a very different mentality over there. There is no sense of urgency for anything... Ever. Much less a financing application.

Also true. I'm talking about business already in the process.

[slavnyc]

Pm me we understand that market, have local team down there. We can help you get those deals done for you

[aredmond]

PR is a risky play right now given they are, as a territory, budgetarily ****ed and the labor market is similarly bent over. Due to a bizarre set of circumstances they are shuttering public services and laying off government workers in droves to try to solve their debt issue because their constitution mandates they pay bond holders prior to running public services like hospitals and schools. Unemployment is 12%, double the US average. Seeing as the majority of PR is on government assistance or a government employee, any business there is likely in the throes of serious macroeconomic disruption and considerable uncertainty writ large. Since 2009-2010 they have laid off a quarter of the government labor force, and government employees still account for 1 in 3 employees on the island. Another 1/3 is on public assistance, and those two groups aren't entirely mutually exclusive. Congress is currently considering a bill to remove the law that estops PR from filing sovereign BK, but unfortunately regardless of the outcome they are pretty hosed in the short-medium term. I wouldn't lend into PR right now for any reason. Good luck and godspeed.

Credit Guy is like the Einstein of this forum, is there something that you don't know?

[SimplyMark]

I have monthly bank leads for PR. I do not sell leads, I am looking for a business partnership. My espanol is not muy bien enough and one would be a fool to tackle this intricate and challenging market alone. PM me for details if you want to take this on, and can arrange site inspections etc, and get some dinero flowing. Spanish speaking closers need apply.

Or perhaps share your challenges regarding PR here. Gracias.

I've been funding in PR for several months now and set up a complete division of our company dedicated to PR. We even opened an office in San Juan and handle our own site inspections. I get an average of 7-8 submissions per day. Mostly from our agents located in PR but a few from U.S based brokers. Because we have an office with staff in PR, the process is very simple for us. We're also able to process both credit and debit card transactions too.

I'd be happy to speak with others about syndication / partnerships too. PM me and I will give you my contact info.

[fisheMS]

risk af

[qualifiedsub]

PEARL and YELLOWSTONE

[isaacdstern]

We fund in PR!

800-955-2411

[AndyYSCISOdept]

YSC is all about PR, if you wanna make money on your PR deals call us!

[brokerCompany]

Today, Puerto Rico is defaulting on their debt payments - which amount to $422 million. Puerto Rico's public debt is currently 103% of their GNP (gross national product), showing how serious their economic crisis is.

http://www.latimes.com/nation/nation...502-story.html

Lots will lose $$

[HDF]

We fund in PR!

800-955-2411

Isaac. Do your internal sales people have a focus originating there? Let me know. I have the merchants to call on.

(expecting an Andy response)

[Powerfunder]

HDF, I have closed a couple of deals in PR, and I am fluent in Spanish. If you need any help let talk.

Best,

Jorge

[Andrew Roberts]

Will anyone fund a financial services company in PR? A bit of a long shot, but one never knows

[pccapital]

Are you still funding deal in puerto rico?

[AndyYSCISOdept]

Isaac. Do your internal sales people have a focus originating there? Let me know. I have the merchants to call on.

(expecting an Andy response)

I use a few contacts that liv on the island to assist us with closing the deals down there as I do not speak spanish.
There are quite a few reps at YSC that do, however i have found using my Puerto Rican contact to be very helpful to complete fundings in PR

[NoBigDeal]

I use a few contacts that liv on the island to assist us with closing the deals down there as I do not speak spanish.
There are quite a few reps at YSC that do, however i have found using my Puerto Rican contact to be very helpful to complete fundings in PR

I'm curious, the fact that PR is now bankrupt, would that effect any funder who funds there?

[AndyYSCISOdept]

i think hat makes their businesses a prime market to go after because the only(using the term loosely) money now available is ours (the industry)

[AndyYSCISOdept]

I should stop spilling soda on my keyboard. it makes my keys not function. lol

[WestCoastFunding]

Is YSC funding Venezuela yet?

[slavnyc]

Www.b2bfunding.net is the only local operator that knows the business

[Sachip24]

We fund in PR!

800-955-2411

off topic Issac one of your reps on another post said YSC can go out to 11 months on qualified merchants. But never got back to me when I inquired about it, is this true?

[Funder Mark]

off topic Issac one of your reps on another post said YSC can go out to 11 months on qualified merchants. But never got back to me when I inquired about it, is this true?

He had replied they didn't.