How to Get a Loan for Insurance Agencies and Brokerages

Looking for business loans for insurance agencies and brokerages? Talk to a banker who works with the SBA. This $664,000 insurance agencies and brokerages loan was issued by a South Carolina bank.

This business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Transamerica Small Business Capita, out of Greenville, South Carolina. The loan was granted and they received $664,000 to help grow their Greenville, South Carolina business.

SBA Loan Borrower

COMPANY TYPE: INSURANCE AGENTS AND BROKERS
GREENVILLE, SC 29615

SBA Loan Lender

TRANSAMERICA SMALL BUSINESS CAPITA
220 N MAIN ST, STE 604
GREENVILLE, SC 29601

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

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

4/28/2000

Loan Approval Gross Amount

$664,000

Loan Approval from the SBA

Of the total $664,000 loan amount, the SBA guaranteed $498,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 3 employees. This SBA loan request indicated that the loan would help retain 3 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you have been wondering how do i get money to start a business in Greenville SC, you ought to talk with a local Greenville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Greenville businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $664,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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