Main Street Registry

DeCarolis Insurance Group Inc

North Palm Beach, FL · Insurance Agencies and Brokerages · NAICS 524210

DeCarolis Insurance Group Inc is located in North Palm Beach, FL, and the SBA lists its industry as Insurance Agencies and Brokerages. It was approved for an SBA 7(a) loan of $2,943,000 for a change of ownership on September 30, 2025.

SBA 7(a) loan, change of ownership, approved Sep 30, 2025

Gross approval
$2,943,000
SBA-guaranteed amount
$2,207,250 (75% of the approval)
Lender
Readycap Lending, LLC, Berkeley Heights, NJ
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.25%, variable
Term
10 years (120 months)
Estimated maturity
September 30, 2035 (estimated, approval date plus term)
Estimated monthly payment
$39,301 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 5, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
Corporation
NAICS
524210, Insurance Agencies and Brokerages
Project location
Palm Beach County, FL
SBA district office
South Florida District Office
Congressional district
FL-18
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)

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 Florida