Willner Ins. Agency Inc.
Willner Ins. Agency Inc. is an insurance agency and brokerage located in Lakewood, NJ, classified under NAICS code 524210. The company was approved for an SBA 504 loan of $1,983,000 from Empire State Certified Development Corporation with Quaint Oak Bank as the lender, with an approval date of November 14, 2024, and the page shows the loan as not funded.
SBA 504 loan, approved Nov 14, 2024
$1,983,000 SBA portionCDC: Empire State Certified Development Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,983,000
- Bank portion
- $2,426,250
- Estimated project size
- $4,899,167 (estimated)
- Estimated owner equity
- $489,917 (estimated, about 10% of the project)
- Bank lender
- Quaint Oak Bank, Southampton, PA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- November 14, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 524210, Insurance Agencies and Brokerages
- Project location
- Ocean County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-3
- Collateral
- Yes
Estimated share of project by source
Bank 50% SBA (CDC) 40% Owner 10%
- Larger than 65% of expansion loans in Insurance Agencies and Brokerages on this site.
- Average expansion loan in Insurance Agencies and Brokerages: $1,924,000.
- Average expansion loan in New Jersey: $2,533,058.
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
- Thomas Freeman Carey Agency LLC, Allendale
- Leigh Agency, LLC, Freehold