Martinez Seafood Inc
Martinez Seafood Inc is located in Chicago, IL, and the SBA lists its industry as Seafood Product Preparation and Packaging. It was approved for an SBA 504 loan ($2,250,000 SBA portion) on February 2, 2024 to finance real estate or equipment.
SBA 504 loan, approved Feb 2, 2024
- SBA (CDC) portion
- $2,250,000
- Bank portion
- $2,750,000
- Estimated project size
- $5,555,556 (estimated)
- Estimated owner equity
- $555,556 (estimated, about 10% of the project)
- Bank lender
- American Commercial Bank and Trust National Association, Ottawa, IL
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- February 2, 2049 (estimated, approval date plus term)
- First disbursement
- Jul 17, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 15
- Business type
- Corporation
- NAICS
- 311710, Seafood Product Preparation and Packaging
- Project location
- Suffolk County, MA
- SBA district office
- Massachusetts District Office
- Congressional district
- MA-7
- Collateral
- Yes
Estimated share of project by source
Bank 50% SBA (CDC) 41% Owner 10%
- Average expansion loan in Seafood Product Preparation and Packaging: $2,232,333.
- Average expansion loan in Illinois: $2,310,827.
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.
Is this your company? Claim or correct this listing. See Corrections.