SBA Loans for Insurance Agencies and Brokerages in South Dakota: Top Lenders
NAICS 524NAICS 524 covers insurance agencies and brokerages businesses in South Dakota. Based on historical SBA 7(a) lending data.
Total Approvals
2
in South Dakota
Median Loan Size
$200,000
per approval
Recent Activity
0
last 90 days through Aug 2021
NAICS 524 covers insurance agencies and brokerages businesses. This is a smaller category in SBA 7(a) lending with 2 approvals on record and a median loan size of $200,000.
Key trends & insights
- Insurance Agencies and Brokerages in South Dakota loans skew smaller than the SBA average at $200,000 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 2021-08-04 — 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 South Dakota
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 2 | $200,000 |
Recent SBA 7(a) approvals for Insurance Agencies and Brokerages in South Dakota
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2021-08 | Minnwest Bank | QUA*****NC. | SIOUX FALLS, SD | $100,000 |
| 2021-04 | Minnwest Bank | QUA*****NC. | SIOUX FALLS, SD | $300,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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