Oriental granted a loan of more than $ 2.8 million for the purchase of a commercial property that will be the new facilities of Evinmotors. The loan was under the 504 program of the Small Business Administration together with Marketing Small Business Finance Corp.
Evinmotors is a company dedicated to the distribution and retail sale of recreational products, outboard motors, and related accessories. Among its exclusive brands, it has the distribution of Sea-Doo brands in jet ski; Can-am for four track and motorboats; Evinrude the oldest brand of outboard motors; KTM and Husqvarna motorcycles. Meanwhile, with this new project financed by Oriental, they will have the return of the exclusive Indian Motorcycles brand.
The company has over 20 employees and will be located in San Juan.
“At Oriental, we offer our clients solutions to meet their financial needs and contribute to the economic development of their businesses. We seek to be a strategic partner in the decision making of our clients, provide them with the tools they need, give them the best service and trust in us, “said Osvaldo Aguayo, vice president of Oriental Business Banking.
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