Jacob Len Alexander & Associates, LLC
Jacob Len Alexander & Associates, LLC is an insurance agency and brokerage located in Gallatin, TN. The company was financed with an SBA 7(a) loan for a change of ownership of $918,000, approved on January 15, 2026, through Byline Bank.
SBA 7(a) loan, change of ownership, approved Jan 15, 2026
$918,000 approvedLender: Byline Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $918,000
- SBA-guaranteed amount
- $688,500 (75% of the approval)
- Lender
- Byline Bank, Chicago, IL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 15, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $11,879 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 2, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 524210, Insurance Agencies and Brokerages
- Project location
- Sumner County, TN
- SBA district office
- Tennessee District Office
- Congressional district
- TN-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 38% 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 Tennessee: $1,738,925.
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 Tennessee
- McFadden Insurance Agency, LLC, Nashville
- Dawn Harp Agency, LLC, Cleveland