How Much Can Insurance Agencies and Brokerages Businesses Get in SBA Loans?
15,558 SBA loans totaling $4.8B have been approved for insurance agencies and brokerages businesses (NAICS 524210). The average approved SBA loan is $307K, which is 10% below avg the $340K national average. 1188 active lenders fund this industry with a 10.4% default rate on the matured 2018-2021 loan cohort.
At 10.4%, Insurance Agencies and Brokerages sits well below the 15.4% all-industry SBA default rate (charged-off as a share of resolved loans) — low 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 524210 (Insurance Agencies and Brokerages) received 15,558 SBA loans worth $4.8B across 5+ states. Average loan $307K, average term 134 months, 10.4% default rate (resolved-loan basis).1188 active SBA-approved lenders fund this industry. Most insurance agencies and brokerages loans use the SBA 7(a) program.
Is SBA Lending Growing for Insurance Agencies and Brokerages?+58% growth
Which SBA Program Do Insurance Agencies and Brokerages Businesses Use Most?
What Is the Best SBA Loan for Insurance Agencies and Brokerages?
The most widely used SBA program for insurance agencies and brokerages businesses — flexible terms, multiple use cases
Where Are Insurance Agencies and Brokerages SBA Loans Most Common?
Top SBA Lenders for Insurance Agencies and Brokerages
These banks have funded the most SBA loans for insurance agencies and brokerages businesses (NAICS 524210). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | U.S. Bank, National Association(OH) | 986 | $199.8M |
| 2 | Bank of America, National Association(NC) | 667 | $62.9M |
| 3 | Live Oak Banking Company(NC) | 574 | $526.4M |
| 4 | Wells Fargo Bank National Association(SD) | 559 | $156.6M |
| 5 | JPMorgan Chase Bank, National Association(OH) | 534 | $58.7M |
Insurance Agencies and Brokerages Industry Context
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PeerSense places SBA loans for insurance agencies and brokerages businesses nationwide. We match you with the right capital source — no retainers, referral fee at closing.
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How Does SBA Lending Work for Insurance Agencies and Brokerages Businesses?
Across all SBA loan programs, 15,558 loans have been approved for businesses classified under NAICS 524210 (Insurance Agencies and Brokerages), representing $4.8B in total capital deployed. The average approved loan of $307K is 10% below avg the national SBA average of $340K, with typical repayment terms of 134 months.
SBA lending for insurance agencies and brokerages is accelerating — loan volume has grown approximately 58% 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 11% 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 insurance agencies and brokerages 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 — Insurance Agencies and Brokerages SBA Loans
What is the average SBA loan size for insurance agencies and brokerages businesses?
Which SBA loan program is best for a insurance agencies and brokerages business?
How many lenders fund SBA loans for insurance agencies and brokerages?
What states have the most SBA lending for insurance agencies and brokerages?
How does PeerSense help insurance agencies and brokerages businesses get SBA loans?
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Data aggregated from SBA loan records (1992–2025). Insurance Agencies and Brokerages defined by NAICS code 524210. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.