Main Street Registry

Mnj Insurance Solutions, Inc.

Laguna Niguel, CA · Insurance Agencies and Brokerages · NAICS 524210

Mnj Insurance Solutions, Inc. is located in Laguna Niguel, CA, and the SBA lists its industry as Insurance Agencies and Brokerages. It was approved for an SBA 7(a) loan of $507,200 for a change of ownership on April 29, 2024.

SBA 7(a) loan, change of ownership, approved Apr 29, 2024

Gross approval
$507,200
SBA-guaranteed amount
$380,400 (75% of the approval)
Lender
Gulf Coast Bank and Trust Company, New Orleans, LA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.75%, variable
Term
10 years (120 months)
Estimated maturity
April 29, 2034 (estimated, approval date plus term)
Estimated monthly payment
$6,915 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 10, 2024
Loan status
Paid in full
Jobs supported
6
Business type
Corporation
NAICS
524210, Insurance Agencies and Brokerages
Project location
Orange County, CA
SBA district office
Santa Ana District Office
Congressional district
CA-45
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.

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Same industry in California