How Much Can Direct Health and Medical Insurance Carriers Businesses Get in SBA Loans?
153 SBA loans totaling $34.6M have been approved for direct health and medical insurance carriers businesses (NAICS 524114). The average approved SBA loan is $226K, which is 34% below avg the $340K national average. 64 active lenders fund this industry with a 13.2% default rate on the matured 2018-2021 loan cohort.
At 13.2%, Direct Health and Medical Insurance Carriers sits below the 15.4% all-industry SBA default rate (charged-off as a share of resolved loans) — moderate default risk relative to other SBA industries. Lenders price this risk into rate and structure, which is why matching the file to the right lender matters.
NAICS 524114 (Direct Health and Medical Insurance Carriers) received 153 SBA loans worth $34.6M across 5+ states. Average loan $226K, average term 102 months, 13.2% default rate (resolved-loan basis).64 active SBA-approved lenders fund this industry. Most direct health and medical insurance carriers loans use the SBA 7(a) program. There are approximately 6,220 U.S. establishments in this industry (Census 2022).
Is SBA Lending Growing for Direct Health and Medical Insurance Carriers?+150% growth
Which SBA Program Do Direct Health and Medical Insurance Carriers Businesses Use Most?
What Is the Best SBA Loan for Direct Health and Medical Insurance Carriers?
The most widely used SBA program for direct health and medical insurance carriers businesses — flexible terms, multiple use cases
Where Are Direct Health and Medical Insurance Carriers SBA Loans Most Common?
Top SBA Lenders for Direct Health and Medical Insurance Carriers
These banks have funded the most SBA loans for direct health and medical insurance carriers businesses (NAICS 524114). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | Wells Fargo Bank National Association(SD) | 15 | $1.3M |
| 2 | Bank of America, National Association(NC) | 10 | $201K |
| 3 | Citizens Bank, National Association(RI) | 8 | $370K |
| 4 | Capital One, National Association(VA) | 8 | $365K |
| 5 | JPMorgan Chase Bank, National Association(OH) | 8 | $655K |
Direct Health and Medical Insurance Carriers Industry Context
Ready to Fund Your Direct Health and Medical Insurance Carriers Business?
PeerSense places SBA loans for direct health and medical insurance carriers businesses nationwide. We match you with the right capital source — no retainers, referral fee at closing.
Retainers
Down with SBA 7(a)
Terms Available
Financing a Direct Health and Medical Insurance Carriers business? Get matched to an SBA lender.
Tell us your loan amount and use of funds. We route you to the lender most likely to fund a deal in your industry.
SBA 7(a) / 504 — Response within 4 business hours. No obligation.
How Does SBA Lending Work for Direct Health and Medical Insurance Carriers Businesses?
Across all SBA loan programs, 153 loans have been approved for businesses classified under NAICS 524114 (Direct Health and Medical Insurance Carriers), representing $34.6M in total capital deployed. The average approved loan of $226K is 34% below avg the national SBA average of $340K, with typical repayment terms of 102 months.
SBA lending for direct health and medical insurance carriers is accelerating — loan volume has grown approximately 150% over recent fiscal years. This upward trajectory suggests expanding access to capital and growing lender confidence in this sector. Peak activity occurred in FY2025.
The industry sees a balanced mix of SBA programs, with 8% of loans using the 504 program for fixed asset acquisition and the majority using 7(a) for its flexibility across working capital, equipment, and business acquisition uses. SBA 7(a) loans offer up to $5M with terms up to 25 years for real estate.
PeerSense specializes in matching direct health and medical insurance carriers business owners with the capital sources most likely to approve their specific deal structure. As an advisory firm (not a lender), we structure your deal across our network of 500+ SBA-approved lenders to find the best terms — our referral fee is established upfront and paid at closing. No retainers.
Frequently Asked Questions — Direct Health and Medical Insurance Carriers SBA Loans
What is the average SBA loan size for direct health and medical insurance carriers businesses?
Which SBA loan program is best for a direct health and medical insurance carriers business?
How many lenders fund SBA loans for direct health and medical insurance carriers?
What states have the most SBA lending for direct health and medical insurance carriers?
How does PeerSense help direct health and medical insurance carriers businesses get SBA loans?
Related Finance & Insurance Industries
Insurance Agencies and Brokerages
Investment Advice
Mortgage and Nonmortgage Loan Brokers
All Other Insurance Related Activities
Portfolio Management and Investment Advice
Portfolio Management
Data aggregated from SBA loan records (1992–2025). Direct Health and Medical Insurance Carriers defined by NAICS code 524114. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.