Water Street Market Inc
Water Street Market Inc is a meat retailer in Milford, Massachusetts, classified under NAICS 445240 (Meat Retailers). The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $960,000 from Rockland Trust Company, approved on October 2, 2024.
SBA 7(a) loan, change of ownership, approved Oct 2, 2024
$960,000 approvedLender: Rockland Trust Company83 months termStatus not reported (SBA exemption)Loan details
- Gross approval
- $960,000
- SBA-guaranteed amount
- $720,000 (75% of the approval)
- Lender
- Rockland Trust Company, Rockland, MA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 6.25%, fixed
- Term
- 6 years, 11 months (83 months)
- Estimated maturity
- September 2, 2031 (estimated, approval date plus term)
- Estimated monthly payment
- $14,275 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 30, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 445240, Meat Retailers
- Project location
- Worcester County, MA
- SBA district office
- Massachusetts District Office
- Congressional district
- MA-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 48% of acquisition loans in Meat Retailers on this site.
- Average acquisition loan in Meat Retailers: $1,128,604.
- 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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