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Seafood Loans
Provides fixed asset financing for the purchase of land, buildings, and equipment and for the construction or renovation of seafood-related facilities. Direct loans are also available for facility expansions.
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Mark's International Seafood Brokers (MISB, Inc.)
Mark's International Seafood Brokers used $100,000 from the Seafood Revolving Loan Fund to purchase new equipment for their newly constructed 20,000 square foot facility in New Bedford. The new production plant will have on-site freezers and coolers and a state-of-the-art production line. The loan has a five-year term and a fixed interest rate. |
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