Main Street Registry

JMAS Insurance Agency LLC

New Port Richey, FL · Insurance Agencies and Brokerages · NAICS 524210

JMAS Insurance Agency LLC, located in New Port Richey, Florida, operates in the insurance agencies and brokerages industry. The company was financed with an SBA 7(a) loan for a change of ownership, approved by Oconee State Bank on January 21, 2025, in the amount of $1.189 million.

SBA 7(a) loan, change of ownership, approved Jan 21, 2025

$1,189,000 approvedLender: Oconee State Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,189,000
SBA-guaranteed amount
$891,750 (75% of the approval)
Lender
Oconee State Bank, Watkinsville, GA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
10 years (120 months)
Estimated maturity
January 21, 2035 (estimated, approval date plus term)
Estimated monthly payment
$15,385 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 29, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
5
Business type
Corporation
NAICS
524210, Insurance Agencies and Brokerages
Project location
Pasco County, FL
SBA district office
South Florida District Office
Congressional district
FL-12
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 53% 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