SBA loans by business type
SBA Loans for Insurance Agencies
SBA lenders funded 10,405 7(a) and 504 loans for insurance agencies since FY2010 (1.0% of all SBA lending in the data), totaling $4.0B, an average of $389K per loan. The most active lender is Live Oak Banking Company.
By Mario Bailey · Source: SBA FOIA data, FY2010–2026 (as of 2026-03-31)
These figures are computed from the SBA's public 7(a) and 504 funded-loan records for Insurance Agencies and Brokerages (NAICS 52421). They cover funded loans, not applications, so a lender's activity here is a track-record signal — not a guarantee you will be approved. Of these, 10% are 504 loans (owner-occupied real estate and long-term equipment), which is why average loan sizes here run large. Among the 7(a) loans, the charge-off rate is 2.5% — a relative track-record signal, not a lifetime default rate (504 charge-offs are not reported in the SBA data); see our methodology. Estimate a payment with the SBA loan calculator, or check the basics with the eligibility checker.
Top SBA lenders in Finance and Insurance, the sector that includes insurance agencies
Ranked by SBA loans funded across Finance and Insurance (NAICS 52), the full sector that contains Insurance Agencies and Brokerages (NAICS 52421). The sector is broader than insurance agencies alone, and sector level is the granularity our per-lender track-record data supports, so every figure below, including the 7(a) charge-off rate, is sector-wide, not specific to insurance agencies. Charge-off is reported on 7(a) loans, never on 504 loans, so a lender without a reliable 7(a) sample in the sector shows “not reported,” never 0%. A lender active in your situation is a good place to start; talk to a few before you apply.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 1,944 | $1.6B | $812K | 0.46% |
| 2 | U.S. Bank, National Association | 900 | $268.1M | $298K | 1.56% |
| 3 | The Huntington National Bank | 830 | $156.2M | $188K | 2.53% |
| 4 | Wells Fargo Bank National Association | 629 | $260.4M | $414K | 3.97% |
| 5 | TD Bank, National Association | 546 | $62.2M | $114K | 5.31% |
| 6 | Byline Bank | 487 | $470.8M | $967K | 2.46% |
| 7 | BayFirst National Bank | 458 | $80.0M | $175K | 4.37% |
| 8 | Manufacturers and Traders Trust Company | 444 | $51.2M | $115K | 3.83% |
| 9 | JPMorgan Chase Bank, National Association | 436 | $76.8M | $176K | 3.44% |
| 10 | Celtic Bank Corporation | 328 | $47.2M | $144K | 6.40% |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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Top states for insurance agencies SBA loans
| State | Loans | Total volume |
|---|---|---|
| California | 1,209 | $614.0M |
| Florida | 898 | $488.9M |
| Texas | 949 | $477.5M |
| New York | 609 | $183.8M |
| Georgia | 301 | $141.1M |
| Ohio | 453 | $116.2M |
| Michigan | 344 | $113.9M |
| Pennsylvania | 322 | $111.6M |
| Minnesota | 312 | $110.2M |
| Arizona | 254 | $109.3M |
SBA lending for insurance agencies by year
Funded SBA volume by approval fiscal year (FY2010–2026).
SBA loans for insurance agencies: frequently asked questions
Can you get an SBA loan for insurance agencies?
Yes. Lenders funded 10,405 SBA 7(a) and 504 loans for insurance agencies in the public data (as of 2026-03-31), 1.0% of all SBA lending, totaling $4.0B.
How much is a typical SBA loan for insurance agencies?
The average SBA loan for insurance agencies is $389K, across 10,405 funded loans. Your amount depends on use of funds, cash flow, and the lender.
Which SBA lenders fund insurance agencies?
Live Oak Banking Company, United Midwest Savings Bank National Association, Pathward National Association are among the most active SBA lenders for insurance agencies by funded volume. A lender that regularly funds your situation is more likely to understand the deal.