Main Street Registry

LucaBella Insurance Agency Inc

Arlington, TX · Insurance Agencies and Brokerages · NAICS 524210

LucaBella Insurance Agency Inc, located in Arlington, Texas, operates in the insurance agencies and brokerages industry. The business was financed with an SBA 7(a) loan for a change of ownership of $730,700, approved on April 5, 2024, through Oconee State Bank.

SBA 7(a) loan, change of ownership, approved Apr 5, 2024

$730,700 approvedLender: Oconee State Bank10 years termPaid in fullLoan details
Gross approval
$730,700
SBA-guaranteed amount
$548,025 (75% of the approval)
Lender
Oconee State Bank, Watkinsville, GA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.75%, variable
Term
10 years (120 months)
Estimated maturity
April 5, 2034 (estimated, approval date plus term)
Estimated monthly payment
$9,962 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 25, 2024
Loan status
Paid in full
Jobs supported
12
Business type
Corporation
NAICS
524210, Insurance Agencies and Brokerages
Project location
Tarrant County, TX
SBA district office
Dallas / Ft Worth District Office
Congressional district
TX-06
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 25% 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 Texas: $1,944,682.

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 Texas