Main Street Registry

The Swanson Family Agency LLC

Katy, TX · Insurance Agencies and Brokerages · NAICS 524210

The Swanson Family Agency LLC, located in Katy, TX, operates in the insurance agencies and brokerages industry. The company was financed with an SBA 7(a) loan for a change of ownership of $730,000 from Oconee State Bank, with approval on January 13, 2024.

SBA 7(a) loan, change of ownership, approved Jan 13, 2024

$730,000 approvedLender: Oconee State Bank10 years termPaid in fullLoan details
Gross approval
$730,000
SBA-guaranteed amount
$547,500 (75% of the approval)
Lender
Oconee State Bank, Watkinsville, GA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
10 years (120 months)
Estimated maturity
January 13, 2034 (estimated, approval date plus term)
Estimated monthly payment
$9,850 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 8, 2024
Loan status
Paid in full
Jobs supported
5
Business type
Corporation
NAICS
524210, Insurance Agencies and Brokerages
Project location
Fort Bend County, TX
SBA district office
Houston District Office
Congressional district
TX-10
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 24% 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