Main Street Registry

TruSummit Insurance Solutions, LLC

Concord, CA · Insurance Agencies and Brokerages · NAICS 524210

TruSummit Insurance Solutions, LLC is located in Concord, CA, and the SBA lists its industry as Insurance Agencies and Brokerages. It was approved for an SBA 7(a) loan of $755,000 for a change of ownership on July 10, 2024.

SBA 7(a) loan, change of ownership, approved Jul 10, 2024

Gross approval
$755,000
SBA-guaranteed amount
$566,250 (75% of the approval)
Lender
Live Oak Banking Company, Wilmington, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.73%, variable
Term
10 years (120 months)
Estimated maturity
July 10, 2034 (estimated, approval date plus term)
Estimated monthly payment
$9,865 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 16, 2024
Loan status
Paid in full
Jobs supported
1
Business type
Corporation
NAICS
524210, Insurance Agencies and Brokerages
Project location
Contra Costa County, CA
SBA district office
San Francisco District Office
Congressional district
CA-11
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)

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 California