Main Street Registry

Oberfeld Insurance

Isle, MN · Insurance Agencies and Brokerages · NAICS 524210

Oberfeld Insurance is an insurance agency and brokerage located in Isle, Minnesota, in the Insurance Agencies and Brokerages industry (NAICS 524210). The business was financed with an SBA 7(a) loan for a change of ownership in the amount of $1.22 million, approved on June 11, 2025 by The First National Bank of Milaca, with a 10-year term and 6 jobs reported.

SBA 7(a) loan, change of ownership, approved Jun 11, 2025

$1,220,000 approvedLender: The First National Bank of Milaca10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,220,000
SBA-guaranteed amount
$915,000 (75% of the approval)
Lender
The First National Bank of Milaca, Milaca, MN
Processing method
Standard 7(a): the lender submits the application for SBA review
Initial interest rate
6.89%, fixed
Term
10 years (120 months)
Estimated maturity
June 11, 2035 (estimated, approval date plus term)
Estimated monthly payment
$14,096 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 1, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
6
Business type
Corporation
NAICS
524210, Insurance Agencies and Brokerages
Project location
Mille Lacs County, MN
SBA district office
Minnesota District Office
Congressional district
MN-08
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 54% 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 Minnesota: $1,482,119.

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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Minnesota