Main Street Registry

Luna Insurance Company

Saint Petersburg, FL · Insurance Agencies and Brokerages · NAICS 524210

Luna Insurance Company, located in Saint Petersburg, Florida, operates in the insurance agencies and brokerages industry. The company was financed with an SBA 7(a) loan for a change of ownership of $1.47 million, approved on May 22, 2024, by Oconee State Bank.

SBA 7(a) loan, change of ownership, approved May 22, 2024

$1,470,200 approvedLender: Oconee State Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,470,200
SBA-guaranteed amount
$1,102,650 (75% of the approval)
Lender
Oconee State Bank, Watkinsville, GA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
10 years (120 months)
Estimated maturity
May 22, 2034 (estimated, approval date plus term)
Estimated monthly payment
$19,838 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 29, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
10
Business type
Corporation
NAICS
524210, Insurance Agencies and Brokerages
Project location
Pinellas County, FL
SBA district office
South Florida District Office
Congressional district
FL-13
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 65% 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