Allways Insurance
Allways Insurance is located in Springfield, OR, and the SBA lists its industry as All Other Insurance Related Activities. It was approved for an SBA 7(a) loan of $3,555,000 for a change of ownership on May 28, 2025.
SBA 7(a) loan, change of ownership, approved May 28, 2025
- Gross approval
- $3,555,000
- SBA-guaranteed amount
- $2,666,250 (75% of the approval)
- Lender
- First Bank of Central Ohio, Worthington, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 28, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $47,473 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 1, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Individual
- NAICS
- 524298, All Other Insurance Related Activities
- Project location
- Lane County, OR
- SBA district office
- Portland District Office
- Congressional district
- OR-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in All Other Insurance Related Activities: $2,537,500.
- Average acquisition loan in Oregon: $1,946,167.
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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