McFadden Insurance Agency, LLC
McFadden Insurance Agency, LLC is an insurance agency and brokerage located in Nashville, Tennessee, in the Insurance Agencies and Brokerages industry. The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $575,000 from Live Oak Banking Company, approved on January 23, 2026. The loan is associated with a franchise affiliation with Goosehead Insurance.
SBA 7(a) loan, change of ownership, approved Jan 23, 2026
$575,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $575,000
- SBA-guaranteed amount
- $431,250 (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
- January 23, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $6,976 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 26, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 524210, Insurance Agencies and Brokerages
- Franchise
- Goosehead Insurance
- Project location
- Davidson County, TN
- SBA district office
- Tennessee District Office
- Congressional district
- TN-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 8% 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 Tennessee: $1,738,925.
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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