Shearwater Painting South Shore, Inc.
Shearwater Painting South Shore, Inc. is a painting and wall covering contractor located in Rockland, Massachusetts, operating in the Painting and Wall Covering Contractors industry (NAICS 238320). The business was financed with an SBA 7(a) loan for a change of ownership of $2.5 million, approved on September 4, 2025 by Port 51 Lending LLC. The business operates as a CertaPro Painters franchise and reports 14 jobs.
SBA 7(a) loan, change of ownership, approved Sep 4, 2025
$2,500,000 approvedLender: Port 51 Lending LLC10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,500,000
- SBA-guaranteed amount
- $1,875,000 (75% of the approval)
- Lender
- Port 51 Lending LLC, New York, NY
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 4, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $33,734 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 12, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 14
- Business type
- Corporation
- NAICS
- 238320, Painting and Wall Covering Contractors
- Franchise
- CertaPro Painters
- Project location
- Plymouth County, MA
- SBA district office
- Massachusetts District Office
- Congressional district
- MA-08
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 82% of acquisition loans in Painting and Wall Covering Contractors on this site.
- Average acquisition loan in Painting and Wall Covering Contractors: $1,429,871.
- 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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