Hi-Seas of Dulac, Inc.
Hi-Seas of Dulac, Inc. is a seafood product preparation and packaging business located in Dulac, Louisiana. The company was financed with an SBA 7(a) loan for a change of ownership of $2.725 million, approved on June 11, 2026, by Capital Bank, National Association.
SBA 7(a) loan, change of ownership, approved Jun 11, 2026
$2,725,000 approvedLender: Capital Bank, National Association15 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,725,000
- SBA-guaranteed amount
- $2,043,750 (75% of the approval)
- Lender
- Capital Bank, National Association, Rockville, MD
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 15 years (180 months)
- Estimated maturity
- June 11, 2041 (estimated, approval date plus term)
- Estimated monthly payment
- $28,455 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 30, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 32
- Business type
- Corporation
- NAICS
- 311710, Seafood Product Preparation and Packaging
- Project location
- Terrebonne County, LA
- SBA district office
- Louisiana District Office
- Congressional district
- LA-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Seafood Product Preparation and Packaging: $2,725,000.
- Average acquisition loan in Louisiana: $1,702,056.
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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