SBA Loans for Insurance Agencies and Brokerages in Washington: Top Lenders
NAICS 524NAICS 524 covers insurance agencies and brokerages businesses in Washington. Based on historical SBA 7(a) lending data.
Total Approvals
18
in Washington
Median Loan Size
$100,000
per approval
Recent Activity
0
last 90 days through Jun 2024
NAICS 524 covers insurance agencies and brokerages businesses. This is a smaller category in SBA 7(a) lending with 18 approvals on record and a median loan size of $100,000.
Key trends & insights
- Insurance Agencies and Brokerages in Washington lending is concentrated — Columbia Bank, U.s. Bank, National Association, Banner Bank together account for 50% of all approvals. If you're in this industry, these are your highest-probability lenders.
- Columbia Bank leads this industry with 4 approvals (22% market share) and a median loan of $15,000.
- Insurance Agencies and Brokerages in Washington 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.
- SBA data for this industry goes through 2024-06-21 — 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 Washington
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 4 | $15,000 | |
| 2 | 3 | $339,300 | |
| 3 | 2 | $17,500 | |
| 4 | 2 | $300,500 | |
| 5 | 1 | $752,000 | |
| 6 | 1 | $50,000 | |
| 7 | 1 | $150,000 | |
| 8 | 1 | $445,000 | |
| 9 | 1 | $500,000 | |
| 10 | 1 | $250,000 | |
| 11 | 1 | $30,000 |
Recent SBA 7(a) approvals for Insurance Agencies and Brokerages in Washington
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2024-06 | Readycap Lending, LLC | ANC*****ERS | Spokane, WA | $50,000 |
| 2024-05 | U.S. Bank, National Association | SIL*****LLC | RENTON, WA | $496,800 |
| 2024-04 | Washington Trust Bank | Hun*****nc. | SEATTLE, WA | $500,000 |
| 2024-02 | U.S. Bank, National Association | JUA*****INC | LAKEWOOD, WA | $339,300 |
| 2024-01 | Glacier Bank | MIS*****NC. | LIBERTY LAKE, WA | $30,000 |
| 2023-11 | Columbia Bank | Air*****LLC | SHORELINE, WA | $37,500 |
| 2023-06 | Heritage Bank Inc | BMI*****LLC | CHELAN, WA | $150,000 |
| 2022-12 | BMO Bank National Association | Pro*****LLC | Pasco, WA | $524,500 |
| 2022-08 | Bank of America, National Association | LIG*****INC | BOTHELL, WA | $250,000 |
| 2022-07 | U.S. Bank, National Association | FER*****REN | ISSAQUAH, WA | $25,000 |
| 2022-03 | Cathay Bank | RIC*****OLA | YAKIMA, WA | $445,000 |
| 2022-02 | MVB Bank, Inc. | Sal*****LLC | KIRKLAND, WA | $752,000 |
| 2022-01 | Columbia Bank | Ali*****nc. | FEDERAL WAY, WA | $5,000 |
| 2021-08 | Banner Bank | Car*****LLC | KENNEWICK, WA | $15,000 |
| 2021-08 | Columbia Bank | Reg*****nc. | TACOMA, WA | $25,000 |
| 2020-10 | United Bank of Philadelphia | Ric*****LLC | Shoreline, WA | $267,000 |
| 2020-08 | United Bank of Philadelphia | The*****LLC | Tumwater, WA | $334,000 |
| 2020-02 | KeyBank National Association | Pro****LLC | Tacoma, WA | $652,000 |
| 2019-11 | Banner Bank | Kyl*****sen | YAKIMA, WA | $20,000 |
| 2019-10 | Columbia Bank | Ali*****nc. | FEDERAL WAY, WA | $5,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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