Main Street Registry

Aspen Insurance, LLC

Bradenton, FL · Insurance Agencies and Brokerages · NAICS 524210

Aspen Insurance, LLC is an insurance agency and brokerage located in Bradenton, Florida. The company was financed with an SBA 7(a) loan for a change of ownership of $3.45 million, approved on August 16, 2024 by Pathward National Association.

SBA 7(a) loan, change of ownership, approved Aug 16, 2024

$3,450,000 approvedLender: Pathward National Association10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,450,000
SBA-guaranteed amount
$2,587,500 (75% of the approval)
Lender
Pathward National Association, Sioux Falls, SD
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
10 years (120 months)
Estimated maturity
August 16, 2034 (estimated, approval date plus term)
Estimated monthly payment
$46,553 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 19, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
Corporation
NAICS
524210, Insurance Agencies and Brokerages
Franchise
GreatFlorida Insurance
Project location
Manatee County, FL
SBA district office
South Florida District Office
Congressional district
FL-16
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 91% 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 Florida: $1,808,559.

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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Same industry in Florida