Chris Foster Agency, Inc.
Chris Foster Agency, Inc., located in Piedmont, SC, operates in the insurance agencies and brokerages industry. The company was financed with an SBA 7(a) loan for a change of ownership of $1,035,000, approved on August 28, 2025, through Byline Bank.
SBA 7(a) loan, change of ownership, approved Aug 28, 2025
$1,035,000 approvedLender: Byline Bank10 years termPaid in fullLoan details
- Gross approval
- $1,035,000
- SBA-guaranteed amount
- $776,250 (75% of the approval)
- Lender
- Byline Bank, Chicago, IL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- August 28, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $13,821 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 2, 2025
- Loan status
- Paid in full
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 524210, Insurance Agencies and Brokerages
- Project location
- Greenville County, SC
- SBA district office
- South Carolina District Office
- Congressional district
- SC-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 46% 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 South Carolina: $1,827,509.
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 South Carolina
- Powell Agency LLC, Spartanburg
- Compass Insurance Group, LLC, Spartanburg