Newport Advisory Group, LLC
Newport Advisory Group, LLC is an insurance agency and brokerage located in Providence, Utah, according to its SBA-published industry classification. The company was financed with an SBA 7(a) loan for a change of ownership of $1.47 million from Live Oak Banking Company, with a loan date of July 1, 2026.
SBA 7(a) loan, change of ownership, approved Jul 1, 2026
$1,470,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,470,000
- SBA-guaranteed amount
- $1,102,500 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.94%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- July 1, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $17,789 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 24, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 524210, Insurance Agencies and Brokerages
- Project location
- Cache County, UT
- SBA district office
- Utah District Office
- Congressional district
- UT-01
- 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 Utah: $1,761,092.
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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