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Zerpa Insurance Agency LLC

Corpus Christi, TX · Insurance Agencies and Brokerages · NAICS 524210

Zerpa Insurance Agency LLC is an insurance agency and brokerage located in Corpus Christi, Texas, classified under NAICS code 524210. The business was financed with an SBA 7(a) loan for a change of ownership, approved on May 30, 2024, in the amount of $645,000 through United Midwest Savings Bank National Association.

SBA 7(a) loan, change of ownership, approved May 30, 2024

$645,000 approvedLender: United Midwest Savings Bank National Association110 months termStatus not reported (SBA exemption)Loan details
Gross approval
$645,000
SBA-guaranteed amount
$483,750 (75% of the approval)
Lender
United Midwest Savings Bank National Association, De Graff, OH
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11.25%, variable
Term
9 years, 2 months (110 months)
Estimated maturity
July 30, 2033 (estimated, approval date plus term)
Estimated monthly payment
$9,423 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jun 27, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Corporation
NAICS
524210, Insurance Agencies and Brokerages
Project location
Nueces County, TX
SBA district office
Lower Rio Grande Valley District Office
Congressional district
TX-27
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 15% 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 Texas: $1,944,682.

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 Texas