Storage Property Insurance LLC
Storage Property Insurance LLC is an insurance agency and brokerage located in Phoenix, Arizona. The company was financed with an SBA 7(a) loan for a change of ownership totaling $1 million, approved on March 13, 2025, through Bell Bank. The loan was reported with 7 jobs.
SBA 7(a) loan, change of ownership, approved Mar 13, 2025
$1,000,000 approvedLender: Bell Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,000,000
- SBA-guaranteed amount
- $750,000 (75% of the approval)
- Lender
- Bell Bank, Fargo, ND
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 13, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $12,940 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 15, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 524210, Insurance Agencies and Brokerages
- Project location
- Maricopa County, AZ
- SBA district office
- Arizona District Office
- Congressional district
- AZ-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 46% 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 Arizona: $1,690,811.
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 Arizona
- FidFam Insurance LLC, Gilbert