RBN Insurance LLC
RBN Insurance LLC is an insurance agency and brokerage located in Salem, Oregon. The company was financed with an SBA 7(a) loan for a change of ownership of $966,500, approved on May 23, 2025, through First Bank of Central Ohio.
SBA 7(a) loan, change of ownership, approved May 23, 2025
$966,500 approvedLender: First Bank of Central Ohio10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $966,500
- SBA-guaranteed amount
- $724,875 (75% of the approval)
- Lender
- First Bank of Central Ohio, Worthington, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 23, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $12,907 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 20, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 524210, Insurance Agencies and Brokerages
- Project location
- Marion County, OR
- SBA district office
- Portland District Office
- Congressional district
- OR-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 40% 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 Oregon: $1,946,167.
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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