Candice Marshall Agency Corp
Candice Marshall Agency Corp is an insurance agency and brokerage located in Decatur, Alabama. The company was financed with an SBA 7(a) loan for a change of ownership of $718,000, approved on November 21, 2023, by United Midwest Savings Bank National Association.
SBA 7(a) loan, change of ownership, approved Nov 21, 2023
$718,000 approvedLender: United Midwest Savings Bank National Association91 months termStatus not reported (SBA exemption)Loan details
- Gross approval
- $718,000
- SBA-guaranteed amount
- $538,500 (75% of the approval)
- Lender
- United Midwest Savings Bank National Association, De Graff, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 7 years, 7 months (91 months)
- Estimated maturity
- June 21, 2031 (estimated, approval date plus term)
- Estimated monthly payment
- $11,763 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 29, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 524210, Insurance Agencies and Brokerages
- Project location
- Morgan County, AL
- SBA district office
- Alabama District Office
- Congressional district
- AL-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 22% 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 Alabama: $1,764,717.
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.
Is this your company? Claim or correct this listing. See Corrections.
Same industry in Alabama
- Kampakis Insurance Services, Inc., Birmingham
- Tuten Agency Inc., Auburn