Paragon Insurance Group LLC
Paragon Insurance Group LLC is an insurance agency and brokerage in Media, Pennsylvania. The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,080,000, approved on May 26, 2026, by Meridian Bank.
SBA 7(a) loan, change of ownership, approved May 26, 2026
$1,080,000 approvedLender: Meridian Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,080,000
- SBA-guaranteed amount
- $810,000 (75% of the approval)
- Lender
- Meridian Bank, Malvern, PA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 26, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $13,535 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 18, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 524210, Insurance Agencies and Brokerages
- Project location
- Delaware County, PA
- SBA district office
- Philadelphia District Office
- Congressional district
- PA-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 48% 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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Same industry in Pennsylvania
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