Caribbean Crane
LOAN DETAILS
Location
St. Croix, U.S. Virgin Islands
Term
14 years
Jobs (Direct)
40
Jobs (Indirect)
480+
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, totaling $35,000,000, for Vivot Equipment Corporation and its affiliates!