Lone Palm Insurance Group LLC
Lone Palm Insurance Group LLC is an insurance agency and brokerage located in Naples, Florida, in the insurance agencies and brokerages industry. It was financed with an SBA 7(a) loan for a change of ownership totaling $673,000, approved on June 18, 2026, through Readycap Lending, LLC.
SBA 7(a) loan, change of ownership, approved Jun 18, 2026
$673,000 approvedLender: Readycap Lending, LLC10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $673,000
- SBA-guaranteed amount
- $504,750 (75% of the approval)
- Lender
- Readycap Lending, LLC, Berkeley Heights, NJ
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 18, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $8,708 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 31, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 1
- Business type
- Corporation
- NAICS
- 524210, Insurance Agencies and Brokerages
- Franchise
- GreatFlorida Insurance
- Project location
- Collier County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-19
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 17% 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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