Henson and Sons Insurance Agency LLC
Henson and Sons Insurance Agency LLC, located in Edmond, OK, operates in the insurance agencies and brokerages industry (NAICS 524210). The company has two SBA 7(a) loans for a change of ownership, approved by Live Oak Banking Company on December 5, 2025 for $2.3 million and on May 22, 2026 for $890,000, each reported with 5 jobs.
SBA 7(a) loan, change of ownership, approved May 22, 2026
$890,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $890,000
- SBA-guaranteed amount
- $667,500 (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
- 8%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 22, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $10,798 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 12, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 524210, Insurance Agencies and Brokerages
- Project location
- Oklahoma County, OK
- SBA district office
- Oklahoma District Office
- Congressional district
- OK-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 35% 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 Oklahoma: $1,861,759.
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.
SBA 7(a) loan, change of ownership, approved Dec 5, 2025
$2,300,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,300,000
- SBA-guaranteed amount
- $1,725,000 (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
- 8.15%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 5, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $28,088 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 17, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 524210, Insurance Agencies and Brokerages
- Project location
- Oklahoma County, OK
- SBA district office
- Oklahoma District Office
- Congressional district
- OK-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 80% 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 Oklahoma: $1,861,759.
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 Oklahoma
- Bazor Insurance Group, LLC, Marietta