Insurance Agencies and Brokerages: SBA acquisition lenders
263 recorded SBA 7(a) acquisition approvals for Insurance Agencies and Brokerages, FY2024–FY2026. Median approved loan: $702K. See lenders and activity by state.
- Acquisitions financed
- 263
- Total approved
- $279.6M
- Median loan
- $702K
- Middle half of loans
- $318K to $1.4M
- Median starting rate
- 9.75%
- Median term
- 10 yrs
How to interpret this profile and build a shortlist →
Lenders financing the most acquisitions in this industry
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 67 | 25% | $480K | $53.3M |
| 2 | Byline Bank | 42 | 16% | $695K | $32.8M |
| 3 | United Midwest Savings Bank National Association | 21 | 8% | $789K | $21.4M |
| 4 | Bankwell Bank | 18 | 7% | $2.4M | $44.7M |
| 5 | The Huntington National Bank | 12 | 5% | $503K | $8.8M |
| 6 | Pathward National Association | 9 | 3% | $1.8M | $17.1M |
| 7 | Oconee State Bank | 4 | 2% | $960K | $4.1M |
| 8 | First Bank of Central Ohio | 4 | 2% | $930K | $4.0M |
| 9 | Lake Forest Bank & Trust Company, National Association | 3 | 1% | $2.7M | $8.0M |
| 10 | Bank of America, National Association | 3 | 1% | $818K | $3.2M |
| 11 | First Bank of the Lake | 3 | 1% | $1.1M | $3.0M |
| 12 | First Federal Community Bank, SSB | 2 | 1% | $2.1M | $4.3M |
| 13 | Readycap Lending, LLC | 2 | 1% | $1.8M | $3.6M |
| 14 | First-Citizens Bank & Trust Company | 2 | 1% | $1.6M | $3.2M |
| 15 | First Bank | 2 | 1% | $893K | $1.8M |
Activity by state
| State | Loans | Median loan | Total approved |
|---|---|---|---|
| Texas | 41 | $745K | $53.0M |
| Florida | 39 | $1.2M | $61.6M |
| California | 22 | $724K | $26.7M |
| North Carolina | 12 | $406K | $8.6M |
| Colorado | 11 | $702K | $7.8M |
| Georgia | 9 | $1.2M | $11.8M |
| New York | 9 | $627K | $10.3M |
| Minnesota | 8 | $642K | $5.8M |
| Illinois | 7 | $980K | $8.7M |
| Ohio | 7 | $720K | $8.1M |
| Indiana | 7 | $689K | $4.6M |
| Pennsylvania | 6 | $991K | $6.0M |
| South Carolina | 6 | $355K | $3.6M |
| Oregon | 6 | $529K | $2.9M |
| Tennessee | 6 | $428K | $2.6M |
| Mississippi | 6 | $246K | $1.9M |
| Louisiana | 5 | $550K | $5.8M |
| Oklahoma | 5 | $890K | $4.7M |
| Michigan | 4 | $876K | $3.7M |
| Nevada | 4 | $647K | $2.9M |
| Washington | 4 | $632K | $2.5M |
| Alabama | 3 | $1.5M | $4.5M |
| Arkansas | 3 | $170K | $4.3M |
| Arizona | 3 | $894K | $2.0M |
| New Hampshire | 3 | $513K | $2.0M |
| Missouri | 3 | $485K | $1.4M |
| Virginia | 3 | $350K | $888K |
| Connecticut | 2 | $1.9M | $3.7M |
| Maryland | 2 | $1.1M | $2.2M |
| Massachusetts | 2 | $1.0M | $2.0M |
| New Jersey | 2 | $880K | $1.8M |
| Utah | 2 | $860K | $1.7M |
| Kansas | 2 | $394K | $788K |
| Kentucky | 2 | $232K | $465K |
| West Virginia | 1 | $2.6M | $2.6M |
| Rhode Island | 1 | $2.5M | $2.5M |
| Wyoming | 1 | $1.5M | $1.5M |
| Delaware | 1 | $920K | $920K |
| Montana | 1 | $445K | $445K |
| Idaho | 1 | $195K | $195K |
| Wisconsin | 1 | $135K | $135K |