Thomas Freeman Carey Agency LLC
Thomas Freeman Carey Agency LLC is an insurance agency and brokerage located in Allendale, NJ. The company was financed with an SBA 7(a) loan for a change of ownership totaling $626,000, approved on September 24, 2026, through Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved Sep 24, 2026
$626,000 approvedLender: Live Oak Banking Company10 years termCommitted, not fully disbursedLoan details
- Gross approval
- $626,000
- SBA-guaranteed amount
- $469,500 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.99%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 24, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $7,927 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 524210, Insurance Agencies and Brokerages
- Project location
- Bergen County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 12% 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 New Jersey: $1,626,307.
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 New Jersey
- Willner Ins. Agency Inc., Lakewood
- Leigh Agency, LLC, Freehold