3rd Island Fishing Co. LLC
3rd Island Fishing Co. LLC is a business in Orange, Virginia, classified under NAICS 339999 (All Other Miscellaneous Manufacturing). The company was financed with an SBA 7(a) loan for a change of ownership of $893,900, approved by Banesco USA with an approval date of September 30, 2026.
SBA 7(a) loan, change of ownership, approved Sep 30, 2026
$893,900 approvedLender: Banesco USA10 years termCommitted, not fully disbursedLoan details
- Gross approval
- $893,900
- SBA-guaranteed amount
- $670,425 (75% of the approval)
- Lender
- Banesco USA, Miami, FL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 30, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $11,567 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 339999, All Other Miscellaneous Manufacturing
- Project location
- Orange County, VA
- SBA district office
- Richmond District Office
- Congressional district
- VA-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 20% of acquisition loans in All Other Miscellaneous Manufacturing on this site.
- Average acquisition loan in All Other Miscellaneous Manufacturing: $1,844,417.
- Average acquisition loan in Virginia: $1,860,760.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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