Main Street Registry

Smith Insurance & Risk Management LLC

Sarasota, FL · Insurance Agencies and Brokerages · NAICS 524210

Smith Insurance & Risk Management LLC is an insurance agency or brokerage located in Sarasota, Florida. The company was financed with an SBA 7(a) loan for a change of ownership of $2.19 million, approved on May 5, 2026, by Gulfside Bank.

SBA 7(a) loan, change of ownership, approved May 5, 2026

$2,190,000 approvedLender: Gulfside Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,190,000
SBA-guaranteed amount
$1,642,500 (75% of the approval)
Lender
Gulfside Bank, P.O. Box 1824, FL
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.35%, variable
Term
25 years (300 months)
Estimated maturity
May 5, 2051 (estimated, approval date plus term)
Estimated monthly payment
$18,906 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 18, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
5
Business type
Corporation
NAICS
524210, Insurance Agencies and Brokerages
Project location
Sarasota County, FL
SBA district office
South Florida District Office
Congressional district
FL-16
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 78% 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 Florida: $1,808,559.

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 Florida