Chris Elliott Insurance Agency LLC
Chris Elliott Insurance Agency LLC is an insurance agency and brokerage located in Seattle, Washington, classified under NAICS code 524210. The company was financed with an SBA 7(a) loan for a change of ownership of $763,000, approved on December 6, 2024, through First Internet Bank of Indiana. The loan record lists 6 jobs.
SBA 7(a) loan, change of ownership, approved Dec 6, 2024
$763,000 approvedLender: First Internet Bank of Indiana10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $763,000
- SBA-guaranteed amount
- $572,250 (75% of the approval)
- Lender
- First Internet Bank of Indiana, Fishers, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 6, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $10,189 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 30, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Individual
- NAICS
- 524210, Insurance Agencies and Brokerages
- Project location
- King County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 28% 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 Washington: $1,784,595.
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 Washington
- Copilot Insurance Inc., Issaquah
- PJI, Inc., Silverdale