SBA Loans for Insurance Agencies and Brokerages: Top Lenders & Recent Approvals
NAICS 524NAICS 524 covers insurance agencies and brokerages businesses. Based on historical SBA 7(a) lending data.
Total Approvals
917
for Insurance Agencies and Brokerages
Median Loan Size
$224,000
per approval
Recent Activity
60
last 90 days through Dec 2025
NAICS 524 covers insurance agencies and brokerages businesses. This is a moderately active sector for SBA 7(a) lending with 917 approvals and a median loan size of $224,000.
Key trends & insights
- Total SBA dollars flowing into this industry increased by 24% year-over-year, reaching $85,954,900 in the trailing 12 months.
- Live OAK Banking Company leads this industry with 85 approvals (15% market share) and a median loan of $645,000.
- The typical loan size for insurance agencies and brokerages has increased 142% — average median moving from $134,958 to $326,825.
- Loan sizes vary dramatically by location — the median in Alabama ($705,500) is 14.1x higher than Oregon ($50,100).
- Insurance Agencies and Brokerages loans skew smaller than the SBA average at $224,000 median (vs. ~$450,000 overall) — good news if you need a smaller amount and want to avoid lenders with high minimums.
Lending trends for Insurance Agencies and Brokerages
Top lenders by historical volume
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 85 | $645,000 | |
| 2 | 67 | $218,000 | |
| 3 | 54 | $50,000 | |
| 4 | 43 | $147,400 | |
| 5 | 38 | $71,000 | |
| 6 | 38 | $345,000 | |
| 7 | 36 | $688,000 | |
| 8 | 31 | $565,000 | |
| 9 | 28 | $200,000 | |
| 10 | 21 | $25,000 | |
| 11 | 18 | $100,000 | |
| 12 | 17 | $200,000 | |
| 13 | 15 | $100,000 | |
| 14 | 15 | $850,000 | |
| 15 | 15 | $202,500 | |
| 16 | 14 | $1,300,000 | |
| 17 | 13 | $103,000 | |
| 18 | 12 | $42,000 | |
| 19 | 11 | $48,800 | |
| 20 | 11 | $124,200 |
Recent SBA 7(a) approvals for Insurance Agencies and Brokerages
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-12 | Celtic Bank Corporation | HAP*****NCE | ORLANDO, FL | $150,000 |
| 2025-12 | CenTrust Bank, A Division of SmartBiz Bank National Associat | Wil*****nc. | RIVERSIDE, CA | $150,000 |
| 2025-12 | United Midwest Savings Bank National Association | Age*****nc. | CLEVELAND, OH | $340,000 |
| 2025-11 | Eastern Bank | THE*****LLC | BOSTON, MA | $37,200 |
| 2025-11 | Byline Bank | DAW*****LLC | CLEVELAND, TN | $525,000 |
| 2025-11 | Byline Bank | COA*****LLC | LONGWOOD, FL | $700,000 |
| 2025-11 | Byline Bank | JAY*****LLC | HOUSTON, TX | $100,000 |
| 2025-11 | U.S. Bank, National Association | Tim*****nc. | KENOSHA, WI | $206,100 |
| 2025-11 | Byline Bank | Zir*****LLC | SAINT PETERSBURG, FL | $1,995,000 |
| 2025-11 | Byline Bank | DAW*****LLC | CLEVELAND, TN | $100,000 |
| 2025-11 | Byline Bank | DAW*****LLC | CLEVELAND, TN | $205,000 |
| 2025-11 | Readycap Lending, LLC | CMC*****OUP | VALRICO, FL | $30,000 |
| 2025-11 | Byline Bank | JAY*****LLC | HOUSTON, TX | $714,000 |
| 2025-11 | BayFirst National Bank | OLU*****LLC | DALLAS, TX | $350,000 |
| 2025-11 | Newtek Bank, National Association | And*****ane | Hauppauge, NY | $100,000 |
| 2025-11 | Lake Forest Bank & Trust Company, National Association | Mat*****LLC | SUGAR LAND, TX | $225,000 |
| 2025-11 | Eastern Bank | NOB*****LLC | NEWTON, MA | $48,800 |
| 2025-11 | Readycap Lending, LLC | Wil*****LLC | Mobile, AL | $20,000 |
| 2025-11 | Readycap Lending, LLC | Hav*****LLC | Winter Garden, FL | $225,000 |
| 2025-11 | Eastern Bank | NOB*****LLC | NEWTON, MA | $12,200 |
| 2025-08 | Northeast Bank | OLA*****INC | Miami, FL | $112,000 |
| 2025-08 | TD Bank, National Association | Rya*****nc. | PARKLAND, FL | $250,000 |
| 2025-08 | Lendistry SBLC, LLC | CAS*****LLC | Richmond, TX | $102,700 |
| 2025-08 | United Pacific Bank | Jie*****Inc | CHINO, CA | $340,000 |
| 2025-08 | Northeast Bank | DAL*****NC. | SAN DIEGO, CA | $50,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
Activity by state
State-by-state breakdown
| # | State | Approvals |
|---|---|---|
| 1 | Florida | 108 |
| 2 | Texas | 97 |
| 3 | California | 79 |
| 4 | New York | 59 |
| 5 | Ohio | 43 |
| 6 | Georgia | 41 |
| 7 | Missouri | 32 |
| 8 | Pennsylvania | 27 |
| 9 | Minnesota | 25 |
| 10 | Michigan | 25 |
| 11 | Illinois | 23 |
| 12 | North Carolina | 21 |
| 13 | Colorado | 21 |
| 14 | New Jersey | 20 |
| 15 | Arizona | 19 |
| 16 | Washington | 18 |
| 17 | Nevada | 17 |
| 18 | Tennessee | 17 |
| 19 | South Carolina | 17 |
| 20 | Oklahoma | 17 |
| 21 | Alabama | 16 |
| 22 | Indiana | 15 |
| 23 | Oregon | 13 |
| 24 | Wisconsin | 13 |
| 25 | Maryland | 13 |
SBA loans for Insurance Agencies and Brokerages by state
Similar industries
Frequently asked questions about SBA loans for Insurance Agencies and Brokerages
Who are the top SBA lenders for Insurance Agencies and Brokerages?▾
Based on historical SBA 7(a) data, the most active lenders for Insurance Agencies and Brokerages (NAICS 524) include Live OAK Banking Company, U.s. Bank, National Association, THE Huntington National Bank, and 17 more. Live OAK Banking Company leads with 85 approved loans.
What is the typical SBA loan size for Insurance Agencies and Brokerages?▾
The median SBA 7(a) loan amount for Insurance Agencies and Brokerages businesses is $224,000, based on 917 total approved loans in the dataset.
Which states have the most SBA lending activity for Insurance Agencies and Brokerages?▾
Florida leads with 108 SBA 7(a) approvals for Insurance Agencies and Brokerages, followed by Texas (97) and California (79).
How do I find the best SBA lender for my insurance agencies and brokerages business?▾
Start by reviewing the lender rankings on this page, which are based on real SBA approval data for NAICS 524. You can also use the MyLenderPilot Lender Fit Quiz to get a personalized ranking based on your state, loan size, and years in business.
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