Pangea Shellfish and Seafoods Company, Inc.
Pangea Shellfish and Seafoods Company, Inc., located in Boston, Massachusetts, operates in the fish and seafood retail industry. The company financed real estate or equipment through an SBA 504 loan of $1,107,000, provided by Rockland Trust Company with Bay Colony Development Corporation as the certified development company, with approval on March 27, 2025.
SBA 504 loan, approved Mar 27, 2025
$1,107,000 SBA portionCDC: Bay Colony Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,107,000
- Bank portion
- $1,350,000
- Estimated project size
- $2,730,000 (estimated)
- Estimated owner equity
- $273,000 (estimated, about 10% of the project)
- Bank lender
- Rockland Trust Company, Rockland, MA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- March 27, 2050 (estimated, approval date plus term)
- First disbursement
- Sep 17, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 445250, Fish and Seafood Retailers
- Project location
- Suffolk County, MA
- SBA district office
- Massachusetts District Office
- Congressional district
- MA-7
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Fish and Seafood Retailers: $1,750,250.
- Average expansion loan in Massachusetts: $2,009,683.
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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