Franchise financing
STATE FARM INSURANCE franchise financing
What it costs to finance a STATE FARM INSURANCE franchise and how buyers fund it. The real numbers: how much gets borrowed, which lenders fund it, and the track record.
By Mario Bailey · Source: SBA FOIA data, as of 2026-03-31
- SBA loans
- 122
- Total funded
- $26.3M
- Median loan
- $153K
- 7(a) charge-off
- 2.9%
What financing a STATE FARM INSURANCE franchise costs
The median SBA loan to a STATE FARM INSURANCE franchisee is $153K, and the middle half of STATE FARM INSURANCE's 122 loans run $100K to $253K (average $215K). Across all SBA-financed franchises the median loan is $350K. STATE FARM INSURANCE buyers borrow less than the typical franchisee.
These are loan amounts, not the brand's total startup cost. Buyers also put in equity (the SBA generally wants at least 10% down on a new franchise), and the brand's own investment estimate is Item 7 of its franchise disclosure document (FDD). The median STATE FARM INSURANCE loan runs 20 years. Model your numbers with the franchise financing calculator.
Of the 113 STATE FARM INSURANCE loans where the SBA recorded a business age, 12.4% went to new businesses two years old or younger. The rest funded existing operations.
How to finance STATE FARM INSURANCE
STATE FARM INSURANCE franchisees have financed with 122 SBA loans since FY2010, averaging $215K each. Of those, 68 ran through the 7(a) program (franchise fee, build-out, equipment, and working capital) and 54 through 504 (owner-occupied real estate). Lenders weigh your credit, management experience, and the brand's track record alongside the equity you bring.
STATE FARM INSURANCE's 7(a) charge-off rate is 2.9% across 68 loans, a relative track-record signal lenders and buyers weigh, not a guarantee. See how that compares across franchises.
Lenders that finance STATE FARM INSURANCE
By SBA loan count
Where STATE FARM INSURANCE gets funded
Top states by loan count
- 1. Texas 14
- 2. California 12
- 3. Florida 11
- 4. Arizona 4
- 5. Pennsylvania 8
- 6. New Jersey 5
- 7. Nebraska 2
- 8. New York 5
Financing a STATE FARM INSURANCE?
Get matched with the SBA lenders that actually fund businesses like yours, ranked on real loan data by state, industry, and size. Independent: your details go only to the lenders we match you to, never to data brokers.
STATE FARM INSURANCE SBA financing FAQ
How much does a STATE FARM INSURANCE franchise cost?
The public SBA data shows what buyers actually borrow, not a sticker price: the median SBA loan to a STATE FARM INSURANCE franchisee is $153K, and the middle half of STATE FARM INSURANCE's 122 loans run $100K to $253K. Total investment (including the equity you put in, generally 10% or more) is estimated in Item 7 of STATE FARM INSURANCE's franchise disclosure document.
Can you use an SBA loan for STATE FARM INSURANCE?
Yes. Lenders have funded 122 SBA loans to STATE FARM INSURANCE franchisees, worth $26.3M in all, so STATE FARM INSURANCE is regularly financed with SBA 7(a) and 504 loans.
Can a first-time owner get an SBA loan for STATE FARM INSURANCE?
The data says yes: of STATE FARM INSURANCE's 113 SBA loans that record a business age, 12.4% went to new businesses two years old or younger. Expect the lender to look harder at your experience, business plan, and equity injection.
Which lenders finance STATE FARM INSURANCE?
By loan count, the most active SBA lenders for STATE FARM INSURANCE are Wells Fargo Bank National Association, Arizona Financial Credit Union, Florida Business Development Corporation, among others. A lender already active with your brand often moves faster.
What is STATE FARM INSURANCE's SBA charge-off rate?
Across STATE FARM INSURANCE's 68 SBA 7(a) loans, 2.9% have charged off. Read it as a relative track-record signal, not a prediction. It is not a lifetime default rate.
Which SBA program fits STATE FARM INSURANCE?
Both. Of STATE FARM INSURANCE's 122 SBA loans, 68 were 7(a) (franchise fee, build-out, equipment, working capital) and 54 were 504 (owner-occupied real estate). The median STATE FARM INSURANCE loan term is 20 years.