Garde Point Seafood LLC
Garde Point Seafood LLC is located in New Orleans, LA, and the SBA lists its industry as Fish and Seafood Retailers. It was approved for an SBA 7(a) loan of $1,860,000 for a change of ownership on June 13, 2025.
SBA 7(a) loan, change of ownership, approved Jun 13, 2025
- Gross approval
- $1,860,000
- SBA-guaranteed amount
- $1,395,000 (75% of the approval)
- Lender
- Hancock Whitney Bank, Gulfport, MS
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 15 years (180 months)
- Estimated maturity
- June 13, 2040 (estimated, approval date plus term)
- Estimated monthly payment
- $19,988 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 18, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 32
- Business type
- Corporation
- NAICS
- 445250, Fish and Seafood Retailers
- Project location
- Orleans County, LA
- SBA district office
- Louisiana District Office
- Congressional district
- LA-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Fish and Seafood Retailers: $1,149,460.
- 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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Same industry in Louisiana
- Salty & Associates, L.L.C., Mandeville