Corporacion Para El Financiamiento Empresarial Del Comercio Y Las Comunidades

Corporacion Para El Financiamiento Empresarial Del Comercio Y Las Comunidades, doing business as Cofecc, is a tax-exempt nonprofit community development corporation in San Juan, Puerto Rico, that operates exclusively as a federal grant recipient—not a federal contractor—providing business development services, entrepreneurship training, and access to capital financing for underserved small business owners and military-connected entrepreneurs in Puerto Rico. Cofecc competes in full-and-open federal grant programs, with no federal contracts in its award footprint.

Cofecc's capability portfolio centers on microfinance intermediation, business counseling, entrepreneurship training, and technical assistance for low-income and minority entrepreneurs. The organization delivers SBA "Introduction to Entrepreneurship" curriculum, operates as a microloan provider under SBA's Microloan Program (CFDA 59.046), and provides direct business development services to small businesses employing fifty or fewer employees with projected gross revenues below $1 million. Representative recent grant work includes a $500,000 Rural Business Development Grant (CFDA 10.351) from USDA Rural Business Cooperative Services (award date May 7, 2026, completion May 7, 2028) to deliver business development services and technical assistance in rural Puerto Rico; a $340,000 Veterans Outreach Program grant (CFDA 59.044) from the SBA Office of VA Business Development (award date May 1, 2025, completion April 30, 2026) for entrepreneurship training and business counseling to military-connected entrepreneurs in San Juan; and a $208,582 SBA Microloan Program formula grant (CFDA 59.046) from the SBA Office of Capital Access (award date July 1, 2023, completion June 30, 2024) providing direct microloans and paired training for startup and growing small businesses, with focus on women, low-income, and minority entrepreneurs.

Customer concentration sits heavily with the Small Business Administration, which accounts for a substantial share of recent awards. The top five customer agencies represent 87% of awards: the SBA Office of Capital Access (eight awards), the SBA broadly (six awards), the USDA Rural Housing Service Rural Business Cooperative Services (two awards), the U.S. Department of the Treasury Community Development Financial Institutions Fund (two awards), and the SBA Office of VA Business Development (two awards). Cofecc has also received a CDFI Fund grant (CFDA not specified) for organizational capacity building and financial services expansion, running April 10, 2023 through June 30, 2028. Awards per year show low sustained activity: one award in 2022, two in 2023, one in 2024, and two in 2025, with one award closing in the next twenty-four months. Total combined dollars obligated across all awards in the source data is $5.9 million. Cofecc operates with no federal contract prime awards and no subcontractor relationship to named federal contractors in the award footprint; all twenty-three awards are direct federal grants to Cofecc as recipient.