Main Street Registry

James & Nichole Agency, Inc.

Championsgate, FL · Insurance Agencies and Brokerages · NAICS 524210

James & Nichole Agency, Inc. is an insurance agency and brokerage located in Championsgate, Florida. It was financed with an SBA 7(a) loan for a change of ownership totaling $565,000, approved on March 26, 2025 by Byline Bank.

SBA 7(a) loan, change of ownership, approved Mar 26, 2025

$565,000 approvedLender: Byline Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$565,000
SBA-guaranteed amount
$423,750 (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
March 26, 2035 (estimated, approval date plus term)
Estimated monthly payment
$7,545 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 1, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
5
Business type
Corporation
NAICS
524210, Insurance Agencies and Brokerages
Franchise
ALLSTATE HOME INSPECTION AND ENVIRONMENTAL TE
Project location
Polk County, FL
SBA district office
South Florida District Office
Congressional district
FL-09
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 8% 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