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Alex Cabrera Agency Inc.

Islip Terrace, NY · Insurance Agencies and Brokerages · NAICS 524210

Alex Cabrera Agency Inc. is an insurance agency or brokerage located in Islip Terrace, New York, classified under NAICS code 524210 (Insurance Agencies and Brokerages). The company was financed with an SBA 7(a) loan for a change of ownership of $1,370,000, provided by Byline Bank and approved on May 20, 2025.

SBA 7(a) loan, change of ownership, approved May 20, 2025

$1,370,000 approvedLender: Byline Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,370,000
SBA-guaranteed amount
$1,027,500 (75% of the approval)
Lender
Byline Bank, Chicago, IL
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.25%, variable
Term
10 years (120 months)
Estimated maturity
May 20, 2035 (estimated, approval date plus term)
Estimated monthly payment
$18,295 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 10, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
3
Business type
Corporation
NAICS
524210, Insurance Agencies and Brokerages
Franchise
ALLSTATE HOME INSPECTION AND ENVIRONMENTAL TE
Project location
Suffolk County, NY
SBA district office
New York District Office
Congressional district
NY-02
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 60% of acquisition loans in Insurance Agencies and Brokerages on this site.
  • Average acquisition loan in Insurance Agencies and Brokerages: $1,528,335.
  • Average acquisition loan in New York: $1,771,512.

Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.

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