SBA Loans for Insurance Agencies

Insurance Agencies received $1.9B in SBA 7(a) loans across 4,010 approved loans from FY2021 through FY2026, with Live Oak Banking Company leading at 341 deals. The sector's charge-off rate over this period is 1.2%.

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$1.9B

Total approved volume

4,010

Approved loans

$468K

Average loan size

1.2%

Charge-off rate

Buyer's guide

How to buy a insurance agency with an SBA loan

Buying an insurance agency means buying a book of renewals, and what is really for sale is the right to keep them. That right depends on the agency's carrier agreements, the licences that must be in place on day one, and whether the clients stay once the seller steps back.

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Most active SBA lenders for insurance agencies

#	Lender	Loans	Total Volume	Avg Loan
1	Live Oak Banking Company	341	$317.4M	$931K
2	U.S. Bank, National Association	334	$99.3M	$297K
3	The Huntington National Bank	250	$49.0M	$196K

Source: SBA FOIA 7(a) loan-level data, FY2021–FY2026, NAICS 52421*. Charge-off rate = SBA-charged-off loans divided by funded loans. Rankings are by total loan count.

Top SBA states for insurance agencies

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SBA lending in other industries

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Financing your insurance agency business?

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