Otis Insurance Solutions LLC
Otis Insurance Solutions LLC is located in Leesburg, VA, and the SBA lists its industry as Insurance Agencies and Brokerages. It was approved for an SBA 7(a) loan of $513,000 for a change of ownership on September 23, 2026.
SBA 7(a) loan, change of ownership, approved Sep 23, 2026
- Gross approval
- $513,000
- SBA-guaranteed amount
- $384,750 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 23, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $6,568 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 524210, Insurance Agencies and Brokerages
- Project location
- Loudoun County, VA
- SBA district office
- Washington District Office
- Congressional district
- VA-10
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 5% 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 Virginia: $1,860,760.
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 Virginia
- GLAT Holdings, LLC, Henrico