SBA Loans for Insurance Agencies and Brokerages in Alabama: Top Lenders
NAICS 524NAICS 524 covers insurance agencies and brokerages businesses in Alabama. Based on historical SBA 7(a) lending data.
Total Approvals
16
in Alabama
Median Loan Size
$705,500
per approval
Recent Activity
3
last 90 days through Nov 2025
NAICS 524 covers insurance agencies and brokerages businesses. This is a smaller category in SBA 7(a) lending with 16 approvals on record and a median loan size of $705,500.
Key trends & insights
- Insurance Agencies and Brokerages in Alabama loans run larger than the SBA average — a $705,500 median vs. ~$450,000 across all industries. These businesses typically need more capital.
Most active SBA lenders for Insurance Agencies and Brokerages in Alabama
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 2 | $1,631,500 | |
| 2 | 2 | $185,550 | |
| 3 | 2 | $1,330,000 | |
| 4 | 2 | $1,030,950 | |
| 5 | 1 | $104,000 | |
| 6 | 1 | $2,824,200 | |
| 7 | 1 | $50,000 | |
| 8 | 1 | $20,000 | |
| 9 | 1 | $40,000 | |
| 10 | 1 | $90,300 | |
| 11 | 1 | $1,065,400 | |
| 12 | 1 | $541,000 |
Recent SBA 7(a) approvals for Insurance Agencies and Brokerages in Alabama
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-11 | Readycap Lending, LLC | Wil*****LLC | Mobile, AL | $20,000 |
| 2025-11 | Northeast Bank | SOU*****LLC | Opelika, AL | $38,000 |
| 2025-08 | Byline Bank | Whi*****LLC | OPELIKA, AL | $100,000 |
| 2025-08 | Byline Bank | Whi*****LLC | OPELIKA, AL | $850,000 |
| 2025-08 | United Midwest Savings Bank National Association | Jul*****LLC | DAPHNE, AL | $881,900 |
| 2025-08 | U.S. Bank, National Association | Lau*****nc. | OPELIKA, AL | $291,100 |
| 2025-07 | Bankwell Bank | THE*****LLC | BIRMINGHAM, AL | $115,000 |
| 2025-07 | Banc of California | Hol*****nc. | BIRMINGHAM, AL | $401,500 |
| 2025-06 | Readycap Lending, LLC | Col*****nc. | CULLMAN, AL | $255,500 |
| 2025-03 | Newtek Bank, National Association | TRU*****LLC | Birmingham, AL | $75,000 |
| 2025-02 | Sabre Finance | TCD*****LLC | Pinson, AL | $104,000 |
| 2025-02 | U.S. Bank, National Association | CAY*****INC | ODENVILLE, AL | $80,000 |
| 2024-11 | U.S. Bank, National Association | COF*****LLC | HUNTSVILLE, AL | $100,000 |
| 2024-11 | Lendistry SBLC, LLC | MEL*****TED | Gadsden, AL | $50,000 |
| 2024-07 | Newtek Bank, National Association | The*****LLC | DECATUR, AL | $40,000 |
| 2024-04 | First Bank of the Lake | Hen*****LLC | HELENA, AL | $203,000 |
| 2024-01 | U.S. Bank, National Association | AS***LLC | VESTAVIA HILLS, AL | $314,500 |
| 2023-11 | Newtek Bank, National Association | Dec*****LLC | Decatur, AL | $65,000 |
| 2023-11 | United Midwest Savings Bank National Association | Can*****orp | Decatur, AL | $718,000 |
| 2023-09 | Live Oak Banking Company | WIR*****LLC | DOTHAN, AL | $1,325,000 |
| 2023-08 | Connecticut Community Bank, National Association | Mil*****LLC | ATHENS, AL | $250,000 |
| 2023-06 | Live Oak Banking Company | Bes*****nc. | TRUSSVILLE, AL | $870,000 |
| 2023-06 | Oconee State Bank | The*****LLC | DECATUR, AL | $1,065,400 |
| 2023-05 | Oconee State Bank | Wig*****LLC | HUNTSVILLE, AL | $100,000 |
| 2023-02 | First Bank of the Lake | Der*****LLC | TUSCALOOSA, AL | $141,000 |
| 2022-12 | Live Oak Banking Company | Res*****LLC | BIRMINGHAM, AL | $2,393,000 |
| 2022-11 | BayFirst National Bank | Ton*****nc. | CULLMAN, AL | $90,300 |
| 2022-08 | ServisFirst Bank | Cyp*****LLC | Snead, AL | $2,824,200 |
| 2022-03 | Peoples Bank of Alabama | DL***LLC | Albertville, AL | $541,000 |
| 2021-11 | United Midwest Savings Bank National Association | Hix*****nc. | Scottsboro, AL | $1,180,000 |
| 2021-10 | ServisFirst Bank | Mas*****LLC | Birmingham, AL | $1,593,000 |
| 2021-07 | United Midwest Savings Bank National Association | J E*****LLC | Oxford, AL | $890,000 |
| 2021-04 | Millennial Bank | Sta*****ent | BIRMINGHAM, AL | $531,000 |
| 2020-10 | United Midwest Savings Bank National Association | Bil*****ted | Muscle Shoals, AL | $305,000 |
| 2020-09 | Live Oak Banking Company | WIR*****LLC | DOTHAN, AL | $1,245,000 |
| 2020-09 | United Midwest Savings Bank National Association | C L*****nc. | Oneonta, AL | $521,000 |
| 2020-06 | Pathward National Association | Leg*****LLC | MADISON, AL | $1,610,000 |
| 2020-06 | Pathward National Association | Riv*****nc. | HUNTSVILLE, AL | $1,050,000 |
| 2020-03 | Touchmark National Bank | Jam*****nc. | HARTSELLE, AL | $308,700 |
| 2020-03 | United Midwest Savings Bank National Association | Col*****nc. | CULLMAN, AL | $2,660,500 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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