Main Street Registry

Runge and Associates Inc.

Katy, TX · Insurance Agencies and Brokerages · NAICS 524210

Runge and Associates Inc. is an insurance agency or brokerage located in Katy, Texas. The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,933,100, approved by Lake Forest Bank & Trust Company, National Association, with the approval dated August 3, 2026.

SBA 7(a) loan, change of ownership, approved Aug 3, 2026

Gross approval
$1,933,100
SBA-guaranteed amount
$1,449,825 (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
8.25%, fixed
Term
10 years (120 months)
Estimated maturity
August 3, 2036 (estimated, approval date plus term)
Estimated monthly payment
$23,710 Estimated payment at the initial rate over the full term; actual terms vary.
Loan status
Committed, not fully disbursed
Jobs supported
8
Business type
Corporation
NAICS
524210, Insurance Agencies and Brokerages
Project location
Harris County, TX
SBA district office
Houston District Office
Congressional district
TX-07
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
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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