Main Street Registry

By America Insurance Group LLC

Delray Beach, FL · Insurance Agencies and Brokerages · NAICS 524210

By America Insurance Group LLC is an insurance agency and brokerage in Delray Beach, Florida. It was financed with an SBA 7(a) loan for a change of ownership of $582,000, approved on November 5, 2024 by TowneBank.

SBA 7(a) loan, change of ownership, approved Nov 5, 2024

$582,000 approvedLender: TowneBank103 months termStatus not reported (SBA exemption)Loan details
Gross approval
$582,000
SBA-guaranteed amount
$436,500 (75% of the approval)
Lender
TowneBank, Portsmouth, VA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.75%, variable
Term
8 years, 7 months (103 months)
Estimated maturity
June 5, 2033 (estimated, approval date plus term)
Estimated monthly payment
$8,676 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 20, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
524210, Insurance Agencies and Brokerages
Project location
Broward County, FL
SBA district office
South Florida District Office
Congressional district
FL-22
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 10% 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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Same industry in Florida