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Lem Insurance Agency LLC — SBA Loan Record (Portage, MI) | DealRoom

Intelligence/Insurance Agencies and Brokerages/MI

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SBA lending record

Lem Insurance Agency LLC

5228 LOVERS LN, Portage, MI 49002 · Insurance Agencies and Brokerages. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$100K

Total SBA financing

1

Loan on record

FY2025

On record

3

Jobs supported

● business — business location is the ZIP-area centroid from the public record

Is Lem Insurance Agency LLC your business?

This record comes from public government lending data. Claim it to correct the details or tell your story — or ask us to take it down.

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The loan

$100,000 — FY2025

Gross approval: $100,000
SBA guaranteed: $50,000 (50%)
Status: Current
Rate at approval: 9.5% v
Term: 120 mo (10 yr)
Program: SBA Express Program
Subprogram: FA$TRK (Small Loan Express)
Loan type: Term loan
Purpose: Other / working capital
Approved: 10/25/2024
First disbursement: 12/12/2024
Days to fund: 48 days
Collateral: Required
Jobs supported: 3
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Insurance Agencies and Brokerages
NAICS code: 524210
Lender: Fifth Third Bank
Address: 5228 LOVERS LN
City: Portage, 49002
County: Kalamazoo
SBA district office: MICHIGAN DISTRICT OFFICE
Congressional district: 6

The lender

Fifth Third Bank

1 loan to this businessFull SBA lending record + branches on the lender page →

Find SBA lenders for businesses like this

The banks most active funding insurance agencies and brokerages — by location, industry.

SBA lenders in Michigan Lenders for insurance agencies and brokerages Insurance Agencies and Brokerages lenders in Michigan

Similar businesses

Comparable insurance agencies and brokerages in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.

DOROTHY ENDRES INSURANCE AGENCY LLC

Portage, MI· ~2 mi

Insurance Agencies and Brokerages

$100K
SBA financing: ≈ $196K–$327K
Est. revenue (rough)

Agnew Insurance Agency, Inc

Portage, MI· ~1 mi

Insurance Agencies and Brokerages

$180K
SBA financing: ≈ $353K–$588K
Est. revenue (rough)

Jason Herlein

Portage, MI· ~2 mi

Insurance Agencies and Brokerages

$50K
SBA financing: ≈ $98K–$163K
Est. revenue (rough)

Stillman Agency LLC

Galesburg, MI· ~8 mi

Insurance Agencies and Brokerages

$90K
SBA financing: ≈ $176K–$294K
Est. revenue (rough)

Jason David McBride

Union City, MI· ~26 mi

Insurance Agencies and Brokerages

$150K
SBA financing: ≈ $294K–$490K
Est. revenue (rough)

Derek Maddox Agency, LLC

Bellevue, MI· ~28 mi

Insurance Agencies and Brokerages

$169K
SBA financing: ≈ $332K–$553K
Est. revenue (rough)

Agent summary

This page summarizes the public SBA 7(a) lending record for Lem Insurance Agency LLC in Portage, MI (Insurance Agencies and Brokerages). DealRoom compiles public SBA loan data, lender activity, and business signals to help buyers and advisors evaluate acquisition financing — it does not list this business for sale.

1 SBA 7(a) loan totaling $100K
On record FY2025
3 jobs supported
Industry: Insurance Agencies and Brokerages
Location: Portage, MI
Lender: Fifth Third Bank

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Insurance Agencies and Brokerages businesses in MI for ~$100k deals, then pre-qualify for 7(a) financing before making an offer. DealRoom can arrange a lender introduction — free for buyers.

Next steps

Pre-qualify this deal→Talk to a loan broker→Find SBA lenders→Compare similar deals→

Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); DealRoom lender and franchise enrichment.
Canonical:: https://dealroom.so/businesses/lem-insurance-agency-llc-mi
API:: https://dealroom.so/api/public/businesses/lem-insurance-agency-llc-mi
Methodology:: Sources & methodology

Informational only — DealRoom does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
Figures come from public records and DealRoom methodology; verify before relying on them.
Financing figures are historical loan records, not a current offer or a loan approval. DealRoom is not a lender.

Is Lem Insurance Agency LLC your business?

This page was built from public lending data. Claim it free to correct the details, tell your story, and control how your business shows up — or ask us to take it down.

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DealRoom listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with Lem Insurance Agency LLC.