Vivot Equipment Corporation & Affiliates

LOAN AMOUNT: $35,000,000

LOAN TYPE: 8 USDA & SBA 7(a) Loans

INDUSTRY: Commercial Construction

LOAN DETAILS

Location

St. Croix,
U.S Virgin Islands

Term

14 years

Jobs

40 Direct
480 Indirect

Prepayment Penalty

10,9,8,7,6,5,4,3,2,1

History

The loan proceeds of this $5 Million USDA B&I loan were used to acquire equipment that will be used to repair and refurbish the Limetree Bay Refinery in St. Croix, USVI.

Caribbean Crane & Rigging, LLC and the Vivot companies are the exclusive contractor and equipment operator for the $2 Billion refinery refurbishment project which will be vital to the local economy. Once finished, the refinery will be the second-largest facility in the western hemisphere, capable of refining a maximum of 650,000 barrels of oil per day.

Thomas USAF has now originated and purchased guaranteed portions of 8 USDA and SBA loans, totalling $35,000,000, for Vivot Equipment Corporation and its affiliates!