E.g. Bowman Co., Inc.
E.g. Bowman Co., Inc. is located in New York, NY, and the SBA lists its industry as Insurance Agencies and Brokerages. It was approved for an SBA 7(a) loan of $1,605,000 for a change of ownership on December 8, 2023.
SBA 7(a) loan, change of ownership, approved Dec 8, 2023
- Gross approval
- $1,605,000
- SBA-guaranteed amount
- $1,203,750 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.99%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 8, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $21,201 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 8, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 524210, Insurance Agencies and Brokerages
- Project location
- New York County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-10
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 69% 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.
Is this your company? Claim or correct this listing. See Corrections.
Same industry in New York
- Gancfried Insurance Brokerage Inc., Brooklyn
- Rullo Agency Group, LLC, Latham
- The Garone Group Inc., Patchogue
- Safeside Insurance Brokerage Inc., Spring Valley
- H.Q. 1 Inc., Bohemia
- Alex Cabrera Agency Inc., Islip Terrace
- Shimon Agency Group Inc., Fresh Meadows