Ethan P. Clark Insurance, LLC
Ethan P. Clark Insurance, LLC is an insurance agency and brokerage located in Stratham, New Hampshire. It was financed with an SBA 7(a) loan for a change of ownership totaling $976,000, approved on October 10, 2024 by United Midwest Savings Bank National Association.
SBA 7(a) loan, change of ownership, approved Oct 10, 2024
$976,000 approvedLender: United Midwest Savings Bank National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $976,000
- SBA-guaranteed amount
- $732,000 (75% of the approval)
- Lender
- United Midwest Savings Bank National Association, De Graff, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- October 10, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $13,307 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 31, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 524210, Insurance Agencies and Brokerages
- Project location
- Rockingham County, NH
- SBA district office
- New Hampshire District Office
- Congressional district
- NH-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 41% 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 Hampshire: $1,811,437.
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 New Hampshire
- Higgins Insurance LLC, Londonderry