Vivot Equipment Corporation
LOAN DETAILS
Location
St. Croix, U.S. Virgin Islands
Term
10 years
PPP
10,10,10,9,8,7
History
Thomas USAF originated, underwrote and will purchase the guaranteed portion of this $5,000,000 USDA B&I CARES Act loan to Vivot Equipment Corporation in St. Croix, USVI. The loan proceeds will be used to support payroll and add to parts and supplies inventories.
History: Vivot Equipment Corporation and its affiliates are the exclusive contractors and equipment operators for the $2 Billion refinery refurbishment project which will be vital to the local and U.S. 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 and storing 34 Million barrels of petroleum.
Thomas USAF has now originated, underwritten and purchased guaranteed portions of 10 USDA and SBA loans, totaling $45,000,000, for Vivot Equipment Corporation and its affiliates!