SBA Loans for Insurance Agencies and Brokerages in West Virginia: Top Lenders
NAICS 524NAICS 524 covers insurance agencies and brokerages businesses in West Virginia. Based on historical SBA 7(a) lending data.
Total Approvals
1
in West Virginia
Median Loan Size
$38,500
per approval
Recent Activity
0
last 90 days through Aug 2020
NAICS 524 covers insurance agencies and brokerages businesses. This is a smaller category in SBA 7(a) lending with 1 approvals on record and a median loan size of $38,500.
Key trends & insights
- Insurance Agencies and Brokerages in West Virginia loans skew smaller than the SBA average at $38,500 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 2020-08-04 — 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 West Virginia
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 1 | $38,500 |
Recent SBA 7(a) approvals for Insurance Agencies and Brokerages in West Virginia
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2020-08 | Clear Mountain Bank, Inc. | Sta*****LLC | Morgantown, WV | $38,500 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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