Main Street Registry

Rullo Agency Group, LLC

Latham, NY · Insurance Agencies and Brokerages · NAICS 524210

Rullo Agency Group, LLC, located in Latham, NY, operates in the insurance agencies and brokerages industry. The company was financed with an SBA 7(a) loan for a change of ownership of $4,995,000, approved on November 14, 2025 by Bankwell Bank.

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

$4,995,000 approvedLender: Bankwell Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$4,995,000
SBA-guaranteed amount
$3,746,250 (75% of the approval)
Lender
Bankwell Bank, New Canaan, CT
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
10 years (120 months)
Estimated maturity
November 14, 2035 (estimated, approval date plus term)
Estimated monthly payment
$64,634 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Nov 26, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
Corporation
NAICS
524210, Insurance Agencies and Brokerages
Project location
Albany County, NY
SBA district office
Syracuse District Office
Congressional district
NY-20
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 97% 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 New York: $1,771,512.

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 New York