Oceana Collective, LLC
Oceana Collective, LLC is a gift, novelty, and souvenir retailer located in Orleans, Massachusetts. The company was financed with an SBA 7(a) loan for a change of ownership of $1.2 million, approved on March 11, 2026, through Cape and Coast Bank.
SBA 7(a) loan, change of ownership, approved Mar 11, 2026
$1,197,000 approvedLender: Cape and Coast Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,197,000
- SBA-guaranteed amount
- $897,750 (75% of the approval)
- Lender
- Cape and Coast Bank, Hyannis, MA
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 8.75%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- March 11, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $9,841 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 23, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 459420, Gift, Novelty, and Souvenir Retailers
- Project location
- Barnstable County, MA
- SBA district office
- Massachusetts District Office
- Congressional district
- MA-09
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 45% of acquisition loans in Gift, Novelty, and Souvenir Retailers on this site.
- Average acquisition loan in Gift, Novelty, and Souvenir Retailers: $1,214,814.
- Average acquisition loan in Massachusetts: $1,643,977.
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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