Yankee Trader Seafood LTD.
Yankee Trader Seafood LTD. is a seafood product preparation and packaging business located in Hingham, Massachusetts. The company was approved for an SBA 504 loan of $3,135,000 through South Shore Bank on February 28, 2026, to finance real estate or equipment through an SBA 504 loan.
SBA 504 loan, approved Feb 28, 2026
$3,135,000 SBA portionCDC: Granite State Economic Development Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $3,135,000
- Bank portion
- $3,825,000
- Estimated project size
- $7,733,333 (estimated)
- Estimated owner equity
- $773,333 (estimated, about 10% of the project)
- Bank lender
- South Shore Bank, Weymouth, MA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- February 28, 2051 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 28
- Business type
- Corporation
- NAICS
- 311710, Seafood Product Preparation and Packaging
- Project location
- Plymouth County, MA
- SBA district office
- Massachusetts District Office
- Congressional district
- MA-8
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Seafood Product Preparation and Packaging: $2,232,333.
- 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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