SBA Loans for Insurance Agencies and Brokerages in Iowa: Top Lenders
NAICS 524NAICS 524 covers insurance agencies and brokerages businesses in Iowa. Based on historical SBA 7(a) lending data.
Total Approvals
5
in Iowa
Median Loan Size
$75,000
per approval
Recent Activity
0
last 90 days through Jun 2022
NAICS 524 covers insurance agencies and brokerages businesses. This is a smaller category in SBA 7(a) lending with 5 approvals on record and a median loan size of $75,000.
Key trends & insights
- Insurance Agencies and Brokerages in Iowa lending is concentrated — Bank Iowa, U.s. Bank, National Association, Farmers State Bank together account for 60% of all approvals. If you're in this industry, these are your highest-probability lenders.
- Bank Iowa leads this industry with 1 approvals (20% market share) and a median loan of $75,000.
- Insurance Agencies and Brokerages in Iowa loans skew smaller than the SBA average at $75,000 median (vs. ~$450,000 overall) — good news if you need a smaller amount and want to avoid lenders with high minimums.
- SBA data for this industry goes through 2022-06-23 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Insurance Agencies and Brokerages in Iowa
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 1 | $75,000 | |
| 2 | 1 | $15,000 | |
| 3 | 1 | $75,000 | |
| 4 | 1 | $10,000 | |
| 5 | 1 | $1,175,000 |
Recent SBA 7(a) approvals for Insurance Agencies and Brokerages in Iowa
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2023-09 | Citizens First Bank | Ult*****LLC | Clinton, IA | $675,000 |
| 2023-03 | U.S. Bank, National Association | Hob*****LLC | OTTUMWA, IA | $25,000 |
| 2022-07 | Farmers State Bank | Mat*****LLC | DES MOINES, IA | $269,000 |
| 2022-06 | Raccoon Valley Bank | Lue*****Inc | Dallas Center, IA | $1,175,000 |
| 2022-03 | Bank Iowa | BB *****NC. | URBANDALE, IA | $75,000 |
| 2022-02 | Farmers State Bank | TY***LLC | INDEPENDENCE, IA | $75,000 |
| 2022-01 | Citizens First Bank | Fir*****LLC | CLINTON, IA | $10,000 |
| 2021-11 | U.S. Bank, National Association | MIT*****LLC | BETTENDORF, IA | $15,000 |
| 2021-09 | Farmers State Bank | Mat*****LLC | URBANDALE, IA | $350,000 |
| 2021-09 | Farmers State Bank | Mat*****LLC | URBANDALE, IA | $350,000 |
| 2021-03 | NSB Bank | Mar*****ncy | Mason City, IA | $300,000 |
| 2020-11 | Northwest Bank | Bru*****nc. | Cherokee, IA | $274,700 |
| 2020-11 | Northwest Bank | Mar*****nc. | Le Mars, IA | $1,611,500 |
| 2020-09 | Hills Bank and Trust Company | Cec*****nc. | BURLINGTON, IA | $64,800 |
| 2020-09 | Bankers Trust Company | Ins*****nc. | JOHNSTON, IA | $400,000 |
| 2019-11 | Live Oak Banking Company | The*****Co. | Hull, IA | $1,113,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
Save your lender shortlist & build your packet
Answer 2 more questions to refine your ranking and export a lender-ready packet.
Save & export my packet