Nick Plaisance Agencies, Inc.
Nick Plaisance Agencies, Inc. is an insurance agency and brokerage located in Abbeville, Louisiana. The company was financed with an SBA 7(a) loan for a change of ownership of $3.385 million, approved on June 5, 2024, through Lake Forest Bank & Trust Company, National Association.
SBA 7(a) loan, change of ownership, approved Jun 5, 2024
$3,385,000 approvedLender: Lake Forest Bank & Trust Company, National Association10 years termPaid in fullLoan details
- Gross approval
- $3,385,000
- SBA-guaranteed amount
- $2,538,750 (75% of the approval)
- Lender
- Lake Forest Bank & Trust Company, National Association, Lake Forest, IL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.95%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- June 5, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $42,788 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 15, 2024
- Loan status
- Paid in full
- Jobs supported
- 19
- Business type
- Corporation
- NAICS
- 524210, Insurance Agencies and Brokerages
- Project location
- Vermilion County, LA
- SBA district office
- Louisiana District Office
- Congressional district
- LA-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 90% 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 Louisiana: $1,702,056.
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.
Is this your company? Claim or correct this listing. See Corrections.
Same industry in Louisiana
- The Highland Insurance Group LLC, Baton Rouge
- Cucinella Insurance Services LLC, Mandeville