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Reynolds Insurance Group Inc

Magnolia, TX · Insurance Agencies and Brokerages · NAICS 524210

Reynolds Insurance Group Inc, located in Magnolia, Texas, operates in the insurance agencies and brokerages industry. The company was financed with an SBA 7(a) loan for a change of ownership totaling $2.69 million, approved through Lake Forest Bank & Trust Company, National Association, with an approval date of July 30, 2026.

SBA 7(a) loan, change of ownership, approved Jul 30, 2026

$2,690,000 approvedLender: Lake Forest Bank & Trust Company, National Association10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,690,000
SBA-guaranteed amount
$2,017,500 (75% of the approval)
Lender
Lake Forest Bank & Trust Company, National Association, Lake Forest, IL
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
7.95%, fixed
Term
10 years (120 months)
Estimated maturity
July 30, 2036 (estimated, approval date plus term)
Estimated monthly payment
$32,566 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Aug 24, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
14
Business type
Corporation
NAICS
524210, Insurance Agencies and Brokerages
Project location
Montgomery County, TX
SBA district office
Houston District Office
Congressional district
TX-08
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 87% 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 Texas: $1,944,682.

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 Texas