Borrowing Money for Insurance Agencies and Brokerages

Looking for loans for insurance agencies and brokerages? An SBA loan may be just what you've been looking for. This $805,000 insurance agencies and brokerages loan was issued by a Maryland bank.

Getting a small business loan in Frederick, Maryland was important for this company back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Pnc Bank, National Association, operating out of Frederick, Maryland. Here are the details on this Maryland small business loan.

SBA Loan Borrower

COMPANY TYPE: INSURANCE AGENTS AND BROKERS
FREDERICK, MD 21702

SBA Loan Lender

PNC BANK, NATIONAL ASSOCIATION
110 THOMAS JOHNSON DR
FREDERICK, MD 21702

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

6411 - Insurance Agents and Brokers

NAICS Code

524210 - Insurance Agencies and Brokerages

Loan Approval Date

3/9/2001

Loan Approval Gross Amount

$805,000

Loan Approval from the SBA

Of the total $805,000 loan amount, the SBA guaranteed $603,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

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Understanding Dilution

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