Aspen Insurance, LLC
Aspen Insurance, LLC is an insurance agency and brokerage located in Bradenton, Florida. The company was financed with an SBA 7(a) loan for a change of ownership of $3.45 million, approved on August 16, 2024 by Pathward National Association.
SBA 7(a) loan, change of ownership, approved Aug 16, 2024
$3,450,000 approvedLender: Pathward National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,450,000
- SBA-guaranteed amount
- $2,587,500 (75% of the approval)
- Lender
- Pathward National Association, Sioux Falls, SD
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- August 16, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $46,553 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 19, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 524210, Insurance Agencies and Brokerages
- Franchise
- GreatFlorida Insurance
- Project location
- Manatee County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-16
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 91% 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 Florida: $1,808,559.
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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