SBA Loans for Insurance Agencies and Brokerages in New York: Top Lenders
NAICS 524NAICS 524 covers insurance agencies and brokerages businesses in New York. Based on historical SBA 7(a) lending data.
Total Approvals
59
in New York
Median Loan Size
$100,000
per approval
Recent Activity
5
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 59 approvals on record and a median loan size of $100,000.
Key trends & insights
- Manufacturers AND Traders Trust Company leads this industry with 10 approvals (19% market share) and a median loan of $45,000.
- Insurance Agencies and Brokerages in New York 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 New York
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 10 | $45,000 | |
| 2 | 9 | $50,000 | |
| 3 | 4 | $397,500 | |
| 4 | 4 | $75,000 | |
| 5 | 4 | $33,000 | |
| 6 | 3 | $350,000 | |
| 7 | 3 | $100,000 | |
| 8 | 2 | $310,500 | |
| 9 | 2 | $569,000 | |
| 10 | 2 | $80,000 | |
| 11 | 2 | $2,577,500 | |
| 12 | 1 | $701,400 | |
| 13 | 1 | $1,101,400 | |
| 14 | 1 | $940,000 | |
| 15 | 1 | $5,000,000 | |
| 16 | 1 | $25,000 | |
| 17 | 1 | $50,000 | |
| 18 | 1 | $150,000 | |
| 19 | 1 | $50,000 | |
| 20 | 1 | $555,000 |
Recent SBA 7(a) approvals for Insurance Agencies and Brokerages in New York
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-11 | Newtek Bank, National Association | And*****ane | Hauppauge, NY | $100,000 |
| 2025-08 | TD Bank, National Association | WB *****ORP | TARRYTOWN, NY | $80,000 |
| 2025-08 | TD Bank, National Association | WB *****orp | TARRYTOWN, NY | $157,000 |
| 2025-08 | TD Bank, National Association | WB *****orp | TARRYTOWN, NY | $80,000 |
| 2025-06 | Hanover Community Bank | The*****nc. | PATCHOGUE, NY | $1,038,000 |
| 2025-04 | Citibank, N.A. | MH *****LLC | SCARSDALE, NY | $16,000 |
| 2025-03 | FinWise Bank | GM *****nc. | Brooklyn, NY | $1,000,000 |
| 2025-03 | Arrow Bank National Association | Bis*****Inc | SARATOGA SPRINGS, NY | $50,000 |
| 2025-03 | Celtic Bank Corporation | A C*****LLC | WANTAGH, NY | $73,000 |
| 2025-02 | Newtek Bank, National Association | A C*****LLC | Wantagh, NY | $120,000 |
| 2025-02 | U.S. Bank, National Association | AMI*****INC | DEPEW, NY | $36,000 |
| 2025-02 | Northeast Bank | A C*****LLC | Brooklyn, NY | $27,200 |
| 2024-12 | Five Star Bank | The*****LLC | BUFFALO, NY | $50,000 |
| 2024-11 | TD Bank, National Association | Mic*****its | CORAM, NY | $35,000 |
| 2024-08 | Ponce Bank National Association | WJP*****nc. | Melville, NY | $250,000 |
| 2024-08 | Cadence Bank | JAG*****LLC | LATHAM, NY | $350,000 |
| 2024-06 | Live Oak Banking Company | MY *****Inc | BOHEMIA, NY | $2,725,000 |
| 2024-05 | JPMorgan Chase Bank, National Association | RES*****LLC | EAST SYRACUSE, NY | $70,000 |
| 2024-05 | Hanover Community Bank | ALL*****INC | Eastchester, NY | $100,000 |
| 2024-04 | Five Star Bank | Mai*****nc. | ATTICA, NY | $20,000 |
| 2024-02 | Readycap Lending, LLC | PRE*****LLC | New York, NY | $50,000 |
| 2024-02 | Webster Bank National Association | Iso*****Inc | ASTORIA, NY | $420,000 |
| 2024-02 | Manufacturers and Traders Trust Company | Joh*****d T | LIVERPOOL, NY | $10,000 |
| 2024-02 | Manufacturers and Traders Trust Company | Joh*****d T | LIVERPOOL, NY | $50,000 |
| 2024-02 | FinWise Bank | HF *****Inc | Suffern, NY | $150,000 |
| 2024-02 | Newtek Bank, National Association | Gio*****ces | Queens, NY | $675,000 |
| 2023-12 | TD Bank, National Association | Nor*****LLC | BURT, NY | $20,000 |
| 2023-11 | Newtek Bank, National Association | Int*****Ltd | Jericho, NY | $5,000,000 |
| 2023-10 | Manufacturers and Traders Trust Company | CRA*****NCY | ROCHESTER, NY | $25,000 |
| 2023-08 | Bank of America, National Association | Kev*****nc. | CENTRAL ISLIP, NY | $1,101,400 |
| 2023-07 | JPMorgan Chase Bank, National Association | CHR*****INC | NEW YORK, NY | $195,000 |
| 2023-06 | BayFirst National Bank | SER*****NC. | GARDEN CITY, NY | $150,000 |
| 2023-04 | Bankwell Bank | Rul*****LLC | LATHAM, NY | $5,000,000 |
| 2023-02 | JPMorgan Chase Bank, National Association | JON***** JR | NEW YORK, NY | $100,000 |
| 2023-02 | U.S. Bank, National Association | THE*****NC. | NEW YORK, NY | $29,800 |
| 2022-12 | U.S. Bank, National Association | NER*****INC | AUBURN, NY | $30,000 |
| 2022-08 | U.S. Bank, National Association | Cor*****Inc | MOUNT VERNON, NY | $78,000 |
| 2022-08 | Manufacturers and Traders Trust Company | Edw*****Inc | LARCHMONT, NY | $40,000 |
| 2022-08 | Celtic Bank Corporation | GSH*****INC | White Plains, NY | $87,000 |
| 2022-07 | Newtek Small Business Finance, Inc. | Ham*****Inc | VESTAL, NY | $555,000 |
| 2022-05 | NewBank | TGP*****Inc | Staten Island, NY | $940,000 |
| 2022-05 | Newtek Small Business Finance, Inc. | EDG*****INC | WHITE PLAINS, NY | $150,000 |
| 2022-04 | Manufacturers and Traders Trust Company | SP *****Inc | BROOKLYN, NY | $70,000 |
| 2022-03 | Pathward National Association | Lux*****nc. | LONG ISLAND CITY, NY | $271,000 |
| 2022-02 | Manufacturers and Traders Trust Company | InF*****nc. | LIVERPOOL, NY | $1,875,000 |
| 2022-02 | Five Star Bank | Wu *****Inc | ELMHURST, NY | $150,000 |
| 2022-02 | TD Bank, National Association | G N*****Inc | BROOKLYN, NY | $100,000 |
| 2022-01 | Manufacturers and Traders Trust Company | Cor*****nc. | BINGHAMTON, NY | $100,000 |
| 2021-12 | PNC Bank, National Association | THE*****ORP | NEW YORK, NY | $25,000 |
| 2021-11 | TD Bank, National Association | Lot*****LLC | LYNBROOK, NY | $20,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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