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Insurance Agencies and Brokerages: SBA acquisition loans in Illinois
7 SBA-financed business acquisitions in Illinois classified as Insurance Agencies and Brokerages, FY2024–FY2026. Median loan $980K. See which lenders did them.
- Acquisitions financed
- 7
- Total approved
- $8.7M
- Median loan
- $980K
- Middle half of loans
- $218K to $1.1M
- Median starting rate
- 9.75%
- Median term
- 10 yrs
How to interpret this profile and build a shortlist →
Small sample. This local profile has 7 recorded approvals in FY2024–FY2026. For a broader comparison, open the Illinois state profile or the national industry profile.
Lenders that financed these deals
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 3 | 43% | $235K | $1.4M |
| 2 | Peoples National Bank National Association | 1 | 14% | $5.0M | $5.0M |
| 3 | First Bank of the Lake | 1 | 14% | $1.1M | $1.1M |
| 4 | Bankwell Bank | 1 | 14% | $1.0M | $1.0M |
| 5 | Midland States Bank | 1 | 14% | $202K | $202K |
For comparison, the same industry nationwide: 263 loans, median $702K, median starting rate 9.75%. See Insurance Agencies and Brokerages in every state.
Deals by SBA fiscal year
Reading these numbers
The amount shown is the gross loan approval. A loan can cover costs beyond the purchase, and the public file does not disclose the agreed purchase price or the rest of the financing. The loan-size analysis shows how to compare amounts across markets.