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STEPAN LLC — SBA Loan Record (New York, NY) | DealRoom

Intelligence/Insurance Agencies and Brokerages/NY

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SBA lending record

STEPAN LLC

685 1st Ave. Unit 25F, New York, NY 10016 · Insurance Agencies and Brokerages. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$150K

Total SBA financing

1

Loan on record

FY2024

On record

3

Jobs supported

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

Is STEPAN 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

$150,000 — FY2024

Gross approval: $150,000
SBA guaranteed: $127,500 (85%)
Status: Current
Rate at approval: 11.5% v
Term: 120 mo (10 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 4/26/2024
First disbursement: 4/29/2024
Days to fund: 3 days
Collateral: Required
Sold on secondary market: Yes
Jobs supported: 3
Business type: Corporation
Business age: Startup, Loan Funds will Open Business
Industry: Insurance Agencies and Brokerages
NAICS code: 524210
Lender: Hanover Community Bank
Address: 685 1st Ave. Unit 25F
City: New York, 10016
County: New York
SBA district office: NEW YORK DISTRICT OFFICE
Congressional district: 12

The lender

Hanover Community 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 New York Lenders for insurance agencies and brokerages Insurance Agencies and Brokerages lenders in New York

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.

Mondschein Associates, Inc.

New York, NY· ~3 mi

Insurance Agencies and Brokerages

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

Chaim Babad & Associates, LLC

Brooklyn, NY· ~7 mi

Insurance Agencies and Brokerages

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

Wu Advisors Inc

Elmhurst, NY· ~5 mi

Insurance Agencies and Brokerages

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

JONATHAN EDWARDS ROMERO JR

New York, NY· ~1 mi

Insurance Agencies and Brokerages

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

NYC AMERICAN INSURANCE BROKERAGE, INC

Brooklyn, NY· ~7 mi

Insurance Agencies and Brokerages

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

Dream Lighter Insurance Brokerage Inc.

Jackson Heights, NY· ~4 mi

Insurance Agencies and Brokerages

$198K
SBA financing: ≈ $388K–$647K
Est. revenue (rough)

Agent summary

This page summarizes the public SBA 7(a) lending record for STEPAN LLC in New York, NY (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 $150K
On record FY2024
3 jobs supported
Industry: Insurance Agencies and Brokerages
Location: New York, NY
Lender: Hanover Community 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 NY for ~$150k 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/stepan-llc-ny
API:: https://dealroom.so/api/public/businesses/stepan-llc-ny
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 STEPAN 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 STEPAN LLC.