Plemons Agency, LLC
Plemons Agency, LLC is an insurance agency and brokerage located in Tolland, Connecticut. The company was financed with an SBA 7(a) loan for a change of ownership of $1.4 million, approved on March 18, 2025, through Bankwell Bank.
SBA 7(a) loan, change of ownership, approved Mar 18, 2025
$1,435,000 approvedLender: Bankwell Bank10 years termPaid in fullLoan details
- Gross approval
- $1,435,000
- SBA-guaranteed amount
- $1,076,250 (75% of the approval)
- Lender
- Bankwell Bank, New Canaan, CT
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 18, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $18,964 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 15, 2025
- Loan status
- Paid in full
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 524210, Insurance Agencies and Brokerages
- Project location
- Capitol County, CT
- SBA district office
- Connecticut District Office
- Congressional district
- CT-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 61% 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 Connecticut: $1,992,959.
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 Connecticut
- Powderhorn Acquisition Company, LLC, Brookfield