The U.S. Small Business Administration has filed suit in U.S. District Court in

Authors

Source

Portland Press Herald

Date

3-29-1994

Pages

3B

Abstract

The U.S. Small Business Administration has filed suit in U.S. District Court in Portland against Maine Aquarium Inc. of Saco, saying the aquarium owes nearly $500,000 in overdue loans and interest. The SBA is seeking court approval to recoup payment through a foreclosure sale of the aquarium, but Raymond Cronkite, president of the aquarium, said he is confident the aquarium can avoid foreclosure.

Subjects

Aquariums, Maine Aquarium -- Saco, US -- Small Business Administration

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