Established 2013 Villalba, Puerto Rico Four coordinated practices

The institutional finance team behind Puerto Rico's regulated and publicly funded projects.

We build the financial case, carry it through approval and closing, and install the reporting and compliance that has to hold afterward — across capital, grants, incentives, and the CFO function itself.

Book a Capital Readiness Review See the four practices
Capital Readiness Review 5 dimensions
IFinancial history & project costs
IISources & uses of funds
IIIDebt capacity & DSCR
IVDocumentation completeness
VCompliance exposure
Red
Amber
Green

Every dimension is scored independently. You leave with the score, the reasons behind it, and the sequence to fix what's red.

SSBCI
SBA
BDE / BDEPR
CDBG-DR
Act 60
DDEC
Uniform Guidance
The problem

Capital is available. Approvable projects are not.

Puerto Rico carries an unusual concentration of public and private capital — federal recovery funds, incentive decrees, state-supported credit programs, and conventional lending. Viable projects still stall, and they rarely stall on the idea. They stall on financeable projections, a defensible sources-and-uses, documented debt capacity, and compliance that survives an audit.

Before the money

Lenders and program officers decline what they cannot underwrite. Most declines are a documentation and structuring problem, not a credit problem.

After the money

Awards and decrees carry obligations that begin on day one — allowable costs, procurement, reporting, annual compliance. Losing them is expensive and avoidable.

$14.2B
Federal funds in Puerto Rico’s certified FY2026 consolidated budget
Financial Oversight and Management Board · Jun 2025
$15.3B
Federal disaster-recovery funds allocated to Puerto Rico, still unspent
HUD Office of Inspector General · Nov 2025
$109.3M
Puerto Rico’s State Small Business Credit Initiative allocation, administered through the BDE
U.S. Treasury · Feb 2023
What we do

Four coordinated practices

Most organizations meet us through one practice and stay for two or three. They share a single team, one set of financials, and one view of the obligations you are carrying.

I

Strategic CFO Office

CFO-level judgment on a fractional basis — the finance function your organization needs before it can justify hiring one.

What it covers
  • Management reporting and budget-to-actual
  • 13-week and rolling cash-flow forecasting
  • Covenant and debt-service monitoring
  • Board and finance-committee reporting
  • Back-office accounting — bookkeeping through compiled financial statements
  • Close discipline, internal controls, and internal & external audit support
When you need it

You are carrying debt covenants, answering to a board or a funder, or growing past what bookkeeping alone can support.

Engagement · Monthly retainer, defined scope
II

Capital Readiness & Execution

Build the financial case a lender or program can actually underwrite — then carry it through approval and closing.

What it covers
  • Feasibility and financial structuring
  • Sources-and-uses and capital stack design
  • Debt capacity and DSCR analysis
  • Business valuations — for financing, transactions, and planning
  • Financing packages and lender presentations
  • Term-sheet comparison, acquisition and closing coordination
When you need it

You have a specific project — an acquisition, a facility, an expansion, a refinancing — and the capital for it has not been approved yet.

Engagement · Readiness Review first, then fixed scope
III

Grants Management & Government Subsidies

Public funds are not free money — they are a contract. We build the controls that keep the award, and the audit trail that proves it.

What it covers
  • Federal-funds compliance under Uniform Guidance (2 CFR 200)
  • Allowable-cost determination and procurement controls
  • Subrecipient monitoring and pass-through obligations
  • Drawdown, financial reporting, and period-end closeout
  • Single-audit readiness and finding remediation
  • CDBG-DR and program-specific requirements
When you need it

You have been awarded public funds — or are about to be — and the reporting, procurement, and monitoring obligations now sit with you.

Engagement · Program setup, then ongoing monitoring
IV

Incentives & Financial Assistance

Puerto Rico's incentive and assistance architecture is a financing source in its own right — if you qualify for it, document it, and keep it in good standing.

What it covers
  • Act 60 decree evaluation and application support
  • DDEC and tourism-activity incentive filings
  • SSBCI access — loan participation and collateral support
  • SBA and BDE financing routes, and technical assistance
  • Municipal, CRIM and merchant-registry incentive review
  • Annual reporting that keeps a decree in good standing
When you need it

You are deciding where to locate, expand, or invest — and the incentive or assistance program is what makes the return work.

Engagement · Eligibility assessment, filing, annual compliance
Emerging practice

Digital Out-of-Home (DOOH) Advisory

Out-of-home inventory is going digital — screens, programmatic sales, and location data are changing what outdoor media is worth. We bring direct industry experience to Puerto Rico's DOOH landscape.

What it covers
  • Market entry and feasibility for DOOH ventures in Puerto Rico
  • Siting, permitting, and unit-level economics
  • Revenue modeling — occupancy, rate, and programmatic mix
  • Financing the buildout — capital structure for screen networks
  • Partnership structuring for property owners and advertisers
When you need it

You operate, own, or are evaluating out-of-home assets in Puerto Rico — or you hold real estate where digital inventory could earn its place.

Engagement · Scoped individually
How we work

One sequence, whichever practice you start in

Step 01

Readiness Review

A paid diagnostic that scores where you actually stand — red, amber, or green, dimension by dimension.

Step 02

Correction

We fix what the review found, in the order that matters — projections, structure, documentation, controls.

Step 03

Execution

Applications, lender and program presentations, negotiation support, and coordination through closing or award.

Step 04

Standing obligations

Reporting, covenants, grant compliance, and annual incentive filings — the work that keeps what you won.

Who we serve

Focused where capital gets complex

Primary focus

Owner-Led Businesses & Project Sponsors

Puerto Rico's small and mid-size businesses pursuing BDE, SSBCI, SBA, bank, or program financing — with a project that demands real statements, projections, valuations, and a business plan, and no in-house finance team to build them.

Acquisitions & expansion BDE / SSBCI borrowers Real estate & facilities Refinancing
Outsourced finance

Organizations That Need a Finance Function

From back-office accounting through compiled statements to a fractional CFO — for organizations of any sector, including the nonprofit, healthcare, and human-services groups where funding, governance, and grant compliance meet.

Referral network

Lenders & Partners

Banks, credit unions, CDFIs, CPAs, and attorneys carrying viable borrowers who are not underwriting-ready yet.

Start here

The Capital Readiness Review

A short, paid diagnostic that tells you whether your project is financeable today — and exactly what to fix if it is not. It is the entry point to every practice, and it ends with a decision you can act on either way.

Red Not financeable as presented. Structural corrections come first.
Amber Financeable after defined corrections, on a known timeline.
Green Ready to approach capital. Execution can begin now.

You leave with a readiness score and an execution roadmap — not a sales pitch.

Capital Readiness Review
Fixed fee
Scoped and quoted at intake · typically 2–3 weeks
  • Historical financial and project-cost assessment
  • Preliminary sources and uses
  • Debt-capacity analysis and funding alternatives
  • Documentation-gap and compliance-risk review
  • Incentive and program eligibility screen
  • Readiness score and execution roadmap
Why CCG

Disciplines most firms split apart

Strategic finance, capital access, transaction preparation, grant and incentive compliance, and execution — carried by one team that does not hand you off between them.

SSBCISBABDE / BDEPRCDBG-DRAct 60DDECCRIMUniform GuidanceSince 2013
Engagement

Nonprofit real-estate acquisition financed

Structured the capital stack and lender presentation for a facility acquisition — from unfinanceable to approved.

Engagement

Public technical-assistance program designed

Built intake, underwriting support, and compliance controls for a publicly funded capital-readiness program.

Engagement

Board-level debt-capacity analysis

Delivered a DSCR and term-sheet comparison a board could approve with confidence.

Anonymized engagements, illustrative of CCG's work. Not a guarantee of outcomes.

Resources

Guides we use on real engagements

Written for the person who has to defend the numbers in the room. Request any of them by email.

Report

Puerto Rico Capital Readiness Report

Why viable Puerto Rico projects fail to obtain — or fail to keep — the capital they qualify for.

Checklist

Lender-Readiness Checklist

What a bank, credit union, or program officer will require before it can say yes.

Guide

Grant Compliance & Incentive Calendar

The recurring obligations that keep an award and a decree in good standing, and when each one falls due.

Capital Markets Watch

Capital and financing, read for your project

Rates & CreditAug 18, 2026

Jackson Hole is confirmed for August 27–29, with Chair Warsh's first keynote Friday the 28th — and Wednesday's FOMC minutes will show the anatomy of July's three-dissent hold

CCG takeThe September path is genuinely contested — public framings have ranged from a likely hold to meaningful odds of a hike — and the two events that can settle it are now on the calendar: the minutes Wednesday at 2 p.m. and the Warsh keynote on the 28th. Any closing scheduled for September should have its rate assumptions and DSCR sensitivity reviewed before those dates, not after them.

Federal Reserve Bank of Kansas City
PR GovernmentAug 18, 2026

The Oversight Board revoked its approval of the $5.9 billion AEE–Power Expectations contract for 400 MW of temporary generation — the company denies the fraud allegations as the case is referred to Justice and federal prosecutors

CCG takeFour hundred megawatts of expected temporary generation are now uncertain, and every energy-dependent operating projection in a financing package inherits that uncertainty — name the contingency. Just as consequential: procurement-integrity review is visibly tightening across Puerto Rico public contracting. Sponsors should expect counterparty diligence, documented vendor relationships, and a clean contract file to carry more underwriting weight, because that is precisely where this deal came apart.

El Nuevo Día
PR InfrastructureAug 18, 2026

Infrastructure fragility is now priced as a growth risk: Birling Capital estimates water-shortage losses of up to $35 million a day, the Planning Board cut its 2026 GNP growth forecast to 0.4%, and June unemployment rose to 5.8%

CCG takeWhen the official growth forecast is 0.4%, lenders read every revenue projection against a near-flat economy — growth assumptions above that need a named driver: a signed contract, a program award, an expansion with committed demand. And the water number turns continuity planning into a credit question: cistern and storage capacity belong in the capex budget and in the narrative of any package underwritten this quarter, not in a contingency footnote.

El Vocero
Capital MarketsAug 15, 2026

Private equity's exit backlog rises for a third straight year — 33,575 unsold portfolio companies as of June 30, with 945 private companies worth $5.3 trillion awaiting liquidity

CCG takeSponsors that cannot exit hold longer, and holding longer means managing portfolio companies for cash flow rather than growth — a squeeze that reaches suppliers and mid-market sellers well below the headline deals. For an owner weighing a sale, the practical read is that buyers exist but underwrite conservatively: audited statements and a defensible DSCR story now do more for valuation than a growth narrative.

PitchBook

Curated from public sources with original CCG commentary. Informational only — not investment, legal, or tax advice. Links point to third-party sources CCG does not control.

For lenders and referral partners

Send us the borrowers who are not underwriting-ready.

We improve the financial package, projections, documentation, and management presentation — and return the file to you. We do not interfere with your credit decision, and we do not compete for the loan.

Ready when you are

From concept to capital closing — and through everything it obligates you to afterward.

Bring us the project. We build the financial case, coordinate the capital and incentive process, and install the controls that keep it standing.

Book a Capital Readiness Review
Capital Readiness Review

Request a Review

Tell us what you are working on. We reply within two business days with scope, timing, and a fee within the published range.

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