Florida Smoked Fish LLC
Florida Smoked Fish LLC is a seafood product preparation and packaging business located in Miami, Florida, in the industry classified as Seafood Product Preparation and Packaging.
SBA 504 loan, approved Dec 16, 2023
$1,312,000 SBA portionCDC: Florida First Capital Finance Corporation, Inc.25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,312,000
- Bank portion
- $1,600,000
- Estimated project size
- $3,235,556 (estimated)
- Estimated owner equity
- $323,556 (estimated, about 10% of the project)
- Bank lender
- Morgan Stanley Bank, National Association, Salt Lake City, UT
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- December 16, 2048 (estimated, approval date plus term)
- First disbursement
- Apr 17, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 60
- Business type
- Corporation
- NAICS
- 311710, Seafood Product Preparation and Packaging
- Project location
- Miami-Dade County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-24
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Seafood Product Preparation and Packaging: $2,232,333.
- Average expansion loan in Florida: $2,058,496.
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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