Leigh Agency, LLC
Leigh Agency, LLC is an insurance agency and brokerage located in Freehold, NJ. The company was financed with an SBA 7(a) loan for a change of ownership of $1.135 million, approved on October 10, 2023 by Bankwell Bank.
SBA 7(a) loan, change of ownership, approved Oct 10, 2023
$1,135,000 approvedLender: Bankwell Bank10 years termPaid in fullLoan details
- Gross approval
- $1,135,000
- SBA-guaranteed amount
- $851,250 (75% of the approval)
- Lender
- Bankwell Bank, New Canaan, CT
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- October 10, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $15,635 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 2, 2023
- Loan status
- Paid in full
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 524210, Insurance Agencies and Brokerages
- Project location
- Monmouth County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 52% 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 New Jersey: $1,626,307.
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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