Terrell Starr Insurance Agency, Inc.
Terrell Starr Insurance Agency, Inc. is an insurance agency and brokerage located in Forest Park, Georgia, in the insurance agencies and brokerages industry. The business was financed with an SBA 7(a) loan for a change of ownership of $1,949,400, approved on April 30, 2025 by Renasant Bank.
SBA 7(a) loan, change of ownership, approved Apr 30, 2025
$1,949,400 approvedLender: Renasant Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,949,400
- SBA-guaranteed amount
- $1,462,050 (75% of the approval)
- Lender
- Renasant Bank, Tupelo, MS
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- April 30, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $24,694 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 30, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 524210, Insurance Agencies and Brokerages
- Project location
- Clayton County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 76% 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 Georgia: $2,017,638.
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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