Captains Lady Whale Watch & Cruises, Inc.
Captains Lady Whale Watch & Cruises, Inc. is a business in Newburyport, Massachusetts, classified under NAICS 487210, Scenic and Sightseeing Transportation, Water. The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $2,121,000, approved on January 15, 2025, through Newburyport Five Cents Savings Bank and the certified development company Granite State Economic Development Corporation.
SBA 504 loan, approved Jan 15, 2025
$2,121,000 SBA portionCDC: Granite State Economic Development Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $2,121,000
- Bank portion
- $3,767,500
- Estimated project size
- $6,542,778 (estimated)
- Estimated owner equity
- $654,278 (estimated, about 10% of the project)
- Bank lender
- Newburyport Five Cents Savings Bank, Newburyport, MA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- January 15, 2050 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 1
- Business type
- Individual
- NAICS
- 487210, Scenic and Sightseeing Transportation, Water
- Project location
- Essex County, MA
- SBA district office
- Massachusetts District Office
- Congressional district
- MA-6
- Collateral
- Yes
Estimated share of project by source
Bank 58% SBA (CDC) 32% Owner 10%
- Average expansion loan in Scenic and Sightseeing Transportation, Water: $2,121,000.
- Average expansion loan in Massachusetts: $2,009,683.
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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