SBA Loans for Insurance Agencies and Brokerages in Massachusetts: Top Lenders
NAICS 524NAICS 524 covers insurance agencies and brokerages businesses in Massachusetts. Based on historical SBA 7(a) lending data.
Total Approvals
13
in Massachusetts
Median Loan Size
$100,000
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 13 approvals on record and a median loan size of $100,000.
Key trends & insights
- Insurance Agencies and Brokerages in Massachusetts lending is concentrated — Eastern Bank, Live OAK Banking Company, Northeast Bank together account for 85% of all approvals. If you're in this industry, these are your highest-probability lenders.
- Eastern Bank leads this industry with 9 approvals (69% market share) and a median loan of $50,000.
- Insurance Agencies and Brokerages in Massachusetts loans skew smaller than the SBA average at $100,000 median (vs. ~$450,000 overall) — good news if you need a smaller amount and want to avoid lenders with high minimums.
Most active SBA lenders for Insurance Agencies and Brokerages in Massachusetts
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 9 | $50,000 | |
| 2 | 1 | $3,790,000 | |
| 3 | 1 | $150,000 | |
| 4 | 1 | $100,000 | |
| 5 | 1 | $683,400 |
Recent SBA 7(a) approvals for Insurance Agencies and Brokerages in Massachusetts
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-11 | Eastern Bank | THE*****LLC | BOSTON, MA | $37,200 |
| 2025-11 | Eastern Bank | NOB*****LLC | NEWTON, MA | $48,800 |
| 2025-11 | Eastern Bank | NOB*****LLC | NEWTON, MA | $12,200 |
| 2025-08 | BankGloucester | Alp*****LLC | BEVERLY, MA | $400,000 |
| 2025-08 | BankGloucester | Alp*****LLC | BEVERLY, MA | $100,000 |
| 2025-08 | Connecticut Community Bank, National Association | BEL*****INC | BROCKTON, MA | $500,000 |
| 2025-06 | Manufacturers and Traders Trust Company | Ins*****Inc | HAVERHILL, MA | $50,000 |
| 2025-04 | Salem Five Cents Savings Bank | SAB*****NC. | EVERETT, MA | $400,000 |
| 2024-12 | Bank of America, National Association | JAC*****NC. | FRAMINGHAM, MA | $683,400 |
| 2024-12 | TD Bank, National Association | Mon*****ncC | HYANNIS, MA | $50,000 |
| 2024-11 | Manufacturers and Traders Trust Company | Lib*****LLC | LYNN, MA | $150,000 |
| 2024-11 | Manufacturers and Traders Trust Company | Lib*****LLC | LYNN, MA | $50,000 |
| 2024-11 | Northeast Bank | Mon*****Inc | Hyannis, MA | $30,000 |
| 2024-11 | Eastern Bank | 4 I*****LLC | SALEM, MA | $21,000 |
| 2024-11 | Eastern Bank | 4 I*****LLC | SALEM, MA | $50,000 |
| 2024-11 | Northeast Bank | Sab*****Inc | Everett, MA | $150,000 |
| 2024-10 | Needham Bank | I-P*****nc. | BOSTON, MA | $500,000 |
| 2024-06 | Coastal Heritage Bank | Kev*****gle | MARSHFIELD, MA | $30,000 |
| 2024-06 | Needham Bank | I-P*****nc. | BOSTON, MA | $500,000 |
| 2024-05 | Eastern Bank | 2 H*****LLC | READING, MA | $292,500 |
| 2024-05 | Eastern Bank | LBP*****LLC | READING, MA | $50,000 |
| 2024-04 | Newtek Bank, National Association | She*****nce | WORCESTER, MA | $100,000 |
| 2024-04 | Eastern Bank | Tha*****LLC | BURLINGTON, MA | $295,000 |
| 2024-03 | Readycap Lending, LLC | WOO*****NC. | Hanson, MA | $50,000 |
| 2023-12 | Readycap Lending, LLC | Hor*****Inc | Needham, MA | $103,500 |
| 2023-11 | Eastern Bank | Vis*****LLC | Westborough, MA | $30,000 |
| 2023-11 | Eastern Bank | VIS*****LLC | WESTBOROUGH, MA | $100,000 |
| 2023-09 | TD Bank, National Association | Col*****LLC | MATTAPOISETT, MA | $100,000 |
| 2023-09 | TD Bank, National Association | Col*****LLC | MATTAPOISETT, MA | $100,000 |
| 2023-06 | Eastern Bank | WIL*****INC | SOUTH BOSTON, MA | $75,000 |
| 2023-06 | Bank of America, National Association | PRE*****NC. | CHELMSFORD, MA | $230,000 |
| 2022-11 | Eastern Bank | Tha*****LLC | Burlington, MA | $250,000 |
| 2022-10 | UniBank for Savings | RIP*****NC. | DOUGLAS, MA | $25,000 |
| 2022-03 | Eastern Bank | BAY*****INC | PLYMOUTH, MA | $50,000 |
| 2021-09 | Eastern Bank | LAU*****NCY | STOUGHTON, MA | $25,000 |
| 2021-09 | Connecticut Community Bank, National Association | Dav*****LLC | SALEM, MA | $290,500 |
| 2021-04 | Live Oak Banking Company | Saw*****ncy | MATTAPAN, MA | $3,790,000 |
| 2021-03 | Webster Five Cents Savings Bank | Raw*****LLC | WORCESTER, MA | $150,000 |
| 2020-11 | Cadence Bank | COM*****INC | HINGHAM, MA | $225,000 |
| 2020-11 | Rockland Trust Company | Ome*****LLC | FALMOUTH, MA | $500,000 |
| 2020-09 | United Midwest Savings Bank National Association | HAD*****NC. | NEWBURYPORT, MA | $150,000 |
| 2020-08 | Five Star Bank | SAB*****NC. | EVERETT, MA | $300,000 |
| 2020-07 | Live Oak Banking Company | Saw*****ncy | BOSTON, MA | $750,000 |
| 2020-05 | Cambridge Savings Bank | AJ***LLC | RAYNHAM, MA | $500,000 |
| 2020-04 | Eastern Bank | Lau*****ncy | STOUGHTON, MA | $20,000 |
| 2020-04 | Eastern Bank | Hol*****Inc | Plymouth, MA | $100,000 |
| 2019-12 | Pathward National Association | NEW*****NC. | FALL RIVER, MA | $360,000 |
| 2019-11 | Cambridge Savings Bank | Va***LLC | BRAINTREE, MA | $100,000 |
| 2019-11 | Cambridge Savings Bank | Va***LLC | BRAINTREE, MA | $397,500 |
| 2019-10 | Eastern Bank | KEN*****NCY | SAUGUS, MA | $10,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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