Mclaughlin Insurance Service LLC
Mclaughlin Insurance Service LLC is an insurance agency and brokerage located in Franklin, PA, under NAICS code 524210. The company was financed with an SBA 7(a) loan for a change of ownership of $1.1 million, approved by Live Oak Banking Company on September 23, 2026.
SBA 7(a) loan, change of ownership, approved Sep 23, 2026
$1,100,000 approvedLender: Live Oak Banking Company12 years termCommitted, not fully disbursedLoan details
- Gross approval
- $1,100,000
- SBA-guaranteed amount
- $825,000 (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%, variable
- Term
- 12 years (144 months)
- Estimated maturity
- September 23, 2038 (estimated, approval date plus term)
- Estimated monthly payment
- $11,907 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 524210, Insurance Agencies and Brokerages
- Project location
- Venango County, PA
- SBA district office
- Pittsburgh District Office
- Congressional district
- PA-15
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 49% 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 Pennsylvania: $1,636,965.
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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