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Robinson Insurance, Inc.

Indialantic, FL · Insurance Agencies and Brokerages · NAICS 524210

Robinson Insurance, Inc. is an insurance agency and brokerage located in Indialantic, Florida, classified under NAICS code 524210 (Insurance Agencies and Brokerages). The company was financed with an SBA 7(a) loan for a change of ownership of $2.3 million, approved on May 14, 2025 by First-Citizens Bank & Trust Company, with a 10-year term.

SBA 7(a) loan, change of ownership, approved May 14, 2025

$2,339,000 approvedLender: First-Citizens Bank & Trust Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,339,000
SBA-guaranteed amount
$1,754,250 (75% of the approval)
Lender
First-Citizens Bank & Trust Company, Raleigh, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9%, variable
Term
10 years (120 months)
Estimated maturity
May 14, 2035 (estimated, approval date plus term)
Estimated monthly payment
$29,629 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 16, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
9
Business type
Corporation
NAICS
524210, Insurance Agencies and Brokerages
Project location
Brevard County, FL
SBA district office
South Florida District Office
Congressional district
FL-08
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 82% 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 Florida: $1,808,559.

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 Florida