Public Employees Will Have a New Financing Alternative
A $25 million transaction will allow Puerto Rico Loan Funding SPV I, LLC to expand financing opportunities for public servants and retirees through direct payroll or pension deductions.
June 11, 2026 – 11:10 PM
Efraín Montalbán Ríos | Business Journalist at El Nuevo Día
Obtaining financing requires much more than simply having a company’s books in order, according to Sygnus Capital Vice President Jesús D. Mattei.
Public employees in Puerto Rico will have access to another financing option after Puerto Rico Loan Funding SPV I, LLC finalized a $25 million transaction with Sygnus Capital Puerto Rico, enabling the expansion of loan access.
According to Eric Delgado, Business Development Manager at Sygnus Capital, the funding is intended to serve a segment of the market that has traditionally had more limited access to financial products.
“A $25 million transaction provides enough capacity to expand the public-sector market, not only to members of the Police Association, but also to other public-sector employees, such as those in the Department of Education, retirees, municipal employees, and personnel from other government agencies who can benefit from these financing products,” Delgado said.
Puerto Rico Loan Funding SPV I, LLC is an entity that manages loans of up to $5,000, with terms of up to three years and competitive interest rates, specifically designed to serve the public sector, Delgado explained.
The platform originates and services consumer loans for public-sector employees and retirees in Puerto Rico. One of the key features of this financing model is that payments are made through direct payroll deductions, reducing collection risk for the lender while simplifying repayment for borrowers.
Puerto Rico Loan Funding SPV I operates in partnership with the Puerto Rico Police Members Association (AMPRR), which serves as its primary origination and distribution channel, Delgado noted.
“There is a pipeline of employees who want to access the platform because of the benefits it offers—particularly the quick access to financing. Since Puerto Rico Loan Funding is the exclusive entity working with the Police Members Association on this program, it clearly enjoys a competitive advantage,” Delgado added.
Before the $25 million financing transaction, the program’s loan portfolio totaled nearly $9 million, representing between 3,000 and 4,000 loans held by public servants, according to Delgado. Sygnus expects the number of loans to double within the next two years.
According to information provided by the investment firm, the transaction has the potential to impact a broad market of approximately 400,000 public-sector employees and retirees in Puerto Rico.
Delgado also noted that many public-sector workers face limited access to traditional banking products, particularly those with lower credit scores or nontraditional credit profiles. As a result, there is growing demand for alternative financial tools that are structured, accessible, and reliable.
