BlogRankingIndustryBest Insurance Agencies SBA Lenders of 2026

Best Insurance Agencies SBA Lenders of 2026

February 2, 2026
Industry, Ranking
5 min read

Best Insurance Agencies SBA Lenders of 2026

$310.4M
Total Funded

716
Loans Approved

$433K
Avg Loan Size

10.12%
Avg Interest Rate

149
Active Lenders

SBA Loans for Insurance Agencies Businesses

The Insurance Agencies industry received $310.4M in SBA 7(a) loans across 716 businesses in 2025. With 149 lenders actively funding this industry, finding the right bank can make a significant difference in your rates and approval odds.

Working with an experienced SBA loan broker who understands the Insurance Agencies industry can help you access lenders that specialize in your business type.

💡 Key Insight: The average SBA loan for Insurance Agencies businesses is $433K with an average rate of 10.12%. Lenders who specialize in this industry often offer better terms and faster approvals.

SBA Loans by Business Type

Here’s how SBA 7(a) loans break down for Insurance Agencies businesses by business stage:

🚀 Startups
15%
$35.2M • 106 loans

🏢 Existing Businesses
72%
$161.7M • 513 loans

🔄 Business Acquisitions
13%
$113.4M • 96 loans

Top 50 SBA Lenders for Insurance Agencies (2025)

These are the banks that funded the most SBA 7(a) loan volume to Insurance Agencies businesses, ranked by total volume:

Rank Lender Volume Loans Avg Rate
1 Bankwell Bank $31.7M 15 9.98%
2 Byline Bank $28.2M 39 10.07%
3 Live Oak Banking Company $27.1M 33 9.53%
4 U.S. Bank, National Association $24.5M 69 8.97%
5 United Midwest Savings Bank National Association $19.8M 19 10.09%
6 Readycap Lending, LLC $15.0M 52 12.17%
7 The Huntington National Bank $13.3M 25 9.91%
8 Northeast Bank $9.2M 67 10.89%
9 Bank of America, National Association $9.0M 16 6.91%
10 Newtek Bank, National Association $8.1M 46 11.01%
11 BancFirst $4.3M 1 7.00%
12 American National Bank $4.3M 1 7.81%
13 First Federal Community Bank, SSB $4.3M 2 8.00%
14 City National Bank of Florida $4.0M 1 10.00%
15 Pathward National Association $3.7M 2 10.25%
16 BayFirst National Bank $3.6M 24 12.02%
17 Celtic Bank Corporation $3.4M 28 10.67%
18 Wells Fargo Bank National Association $3.3M 4 7.49%
19 First Bank of Central Ohio $3.0M 3 10.08%
20 Lake Forest Bank & Trust Company, National Association $2.8M 6 7.53%
21 TD Bank, National Association $2.7M 24 10.50%
22 First Bank of the Lake $2.6M 3 11.08%
23 JPMorgan Chase Bank, National Association $2.6M 6 9.46%
24 Independent Bank $2.5M 1 8.25%
25 The American National Bank of Texas $2.4M 3 9.33%
26 First-Citizens Bank & Trust Company $2.3M 1 9.00%
27 Cadence Bank $2.3M 8 10.19%
28 Harvest Small Business Finance, LLC $2.1M 4 10.06%
29 CenTrust Bank, A Division of SmartBiz Bank National Associat $2.0M 11 11.61%
30 Renasant Bank $1.9M 1 9.00%
31 Regions Bank $1.9M 6 8.40%
32 Lendistry SBLC, LLC $1.8M 12 12.13%
33 Seacoast National Bank $1.7M 2 7.95%
34 Banc of California $1.7M 3 7.33%
35 UMB Bank, National Association $1.6M 2 6.79%
36 Old National Bank $1.5M 2 8.25%
37 Riverstone Bank $1.5M 1 7.75%
38 KeyBank National Association $1.4M 3 10.44%
39 Union Bank and Trust Company $1.4M 1 8.25%
40 Manufacturers and Traders Trust Company $1.3M 15 11.50%
41 Colony Bank $1.3M 3 10.75%
42 Bell Bank $1.3M 2 9.38%
43 FinWise Bank $1.3M 2 10.25%
44 American Bank of Commerce $1.2M 2 10.00%
45 The First National Bank of Milaca $1.2M 1 6.89%
46 CalPrivate Bank $1.2M 1 9.50%
47 OakStar Bank $1.2M 1 9.75%
48 Oconee State Bank $1.2M 1 9.50%
49 Enterprise Bank & Trust $1.2M 3 7.67%
50 PNC Bank, National Association $1.1M 3 7.29%

🚀 Best Lenders for Insurance Agencies Startups

Starting a new insurance agencies and brokerages business? These lenders funded the most startup loans in this industry:

Rank Lender Startup Volume Loans Avg Rate
1 United Midwest Savings Bank National Association $9.5M 7 10.00%
2 U.S. Bank, National Association $6.2M 14 8.79%
3 Wells Fargo Bank National Association $2.5M 3 7.75%
4 KeyBank National Association $1.4M 3 10.44%
5 Newtek Bank, National Association $1.3M 7 10.43%
6 Readycap Lending, LLC $1.1M 2 10.25%
7 Vast Bank, National Association $1.0M 1 9.00%
8 Byline Bank $1.0M 3 10.08%
9 TD Bank, National Association $941K 7 10.25%
10 Community Bank of Santa Maria $806K 2 9.88%

🔄 Best Lenders for Insurance Agencies Acquisitions

Looking to buy an existing insurance agencies and brokerages business? These lenders specialize in acquisition financing:

Rank Lender Acquisition Volume Loans Avg Rate
1 Bankwell Bank $31.0M 12 9.85%
2 Byline Bank $21.3M 31 10.05%
3 Live Oak Banking Company $8.5M 12 9.69%
4 The Huntington National Bank $6.2M 5 9.25%
5 American National Bank $4.3M 1 7.81%
6 First Federal Community Bank, SSB $4.3M 2 8.00%
7 City National Bank of Florida $4.0M 1 10.00%
8 Bank of America, National Association $3.2M 3 6.56%
9 Readycap Lending, LLC $2.9M 1 10.25%
10 First Bank of the Lake $2.5M 2 10.00%

🏢 Best Lenders for Existing Insurance Agencies Businesses

Already running an established insurance agencies and brokerages business? These lenders have funded the most loans to existing businesses in your industry:

Rank Lender Volume Loans Avg Rate
1 Live Oak Banking Company $18.4M 20 9.48%
2 U.S. Bank, National Association $18.3M 55 9.01%
3 Readycap Lending, LLC $10.8M 48 12.33%
4 Northeast Bank $8.8M 60 10.84%
5 United Midwest Savings Bank National Association $8.0M 10 10.15%
6 The Huntington National Bank $6.8M 16 10.06%
7 Newtek Bank, National Association $6.8M 39 11.11%
8 Byline Bank $5.9M 5 10.20%
9 Bank of America, National Association $5.8M 13 6.99%
10 BancFirst $4.3M 1 7.00%

Top States for Insurance Agencies SBA Loans

Here are the states with the highest SBA lending volume for Insurance Agencies businesses:

Rank State Volume Loans
1 Florida $50.4M 87
2 Texas $45.1M 89
3 California $32.7M 76
4 New York $17.0M 48
5 Georgia $14.5M 27
6 Ohio $11.8M 20
7 Indiana $9.5M 17
8 Oklahoma $9.5M 9
9 Missouri $9.4M 20
10 Minnesota $8.8M 22
11 Nevada $8.0M 9
12 Colorado $7.9M 23
13 Pennsylvania $7.3M 26
14 Oregon $6.7M 15
15 Arizona $6.4M 13
16 Illinois $6.0M 26
17 Michigan $5.4M 15
18 Tennessee $5.1M 12
19 New Jersey $4.8M 22
20 Alabama $4.4M 16
21 South Carolina $4.0M 8
22 North Carolina $4.0M 6
23 Maryland $3.5M 10
24 Utah $3.0M 13
25 Connecticut $2.8M 9
26 Virginia $2.7M 6
27 Rhode Island $2.5M 1
28 Mississippi $2.5M 9
29 Nebraska $1.9M 6
30 Massachusetts $1.8M 6
31 Louisiana $1.8M 4
32 Wyoming $1.6M 2
33 Montana $1.5M 5
34 Kentucky $1.2M 6
35 Kansas $825K 3
36 Idaho $810K 4
37 New Mexico $689K 5
38 New Hampshire $650K 2
39 Arkansas $448K 4
40 Hawaii $380K 2
41 Puerto Rico $250K 3
42 Wisconsin $206K 1
43 Delaware $200K 2
44 Washington $200K 4
45 Vermont $40K 1
46 West Virginia $38K 1
47 District of Columbia $27K 1

Top Cities for Insurance Agencies SBA Loans

Miami, Fl

$10.5M
Volume

11
Loans

Columbus, Ga

$5.9M
Volume

4
Loans

Indianapolis, In

$5.9M
Volume

7
Loans

Tulsa, Ok

$5.5M
Volume

3
Loans

Tampa, Fl

$5.2M
Volume

5
Loans

Apopka, Fl

$5.0M
Volume

1
Loans

Latham, Ny

$5.0M
Volume

1
Loans

Benbrook, Tx

$4.8M
Volume

1
Loans

Hillsboro, Oh

$4.3M
Volume

1
Loans

Las Vegas, Nv

$4.2M
Volume

5
Loans

Phoenix, Az

$4.1M
Volume

4
Loans

Greenville, Tx

$3.8M
Volume

1
Loans

Springfield, Mo

$3.8M
Volume

2
Loans

Lewisville, Tx

$3.7M
Volume

2
Loans

Colleyville, Tx

$3.5M
Volume

1
Loans

San Francisco, Ca

$3.4M
Volume

1
Loans

🤝 Why Use an SBA Broker for Insurance Agencies Loans?

GoSBA Loans has extensive experience financing Insurance Agencies businesses:

  • Industry expertise — we know which lenders specialize in Insurance Agencies
  • Access to 149+ lenders — including banks that don’t accept direct applications
  • Better rates — our relationships help secure competitive terms
  • Faster approvals — proper preparation leads to quicker decisions
  • Free service — lenders pay us, you pay nothing extra

📞 Get Expert Help with Your Insurance Agencies SBA Loan

Our team specializes in SBA financing for Insurance Agencies businesses. Let us match you with the right lender for your specific needs.

Need SBA financing for your Insurance Agencies business? GoSBA Loans specializes in SBA loans for Insurance Agencies businesses. Contact our industry specialists today for a free consultation.

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http://gosbaloans.com

Ishan Jetley is the owner of GoSBA Loans. I have assisted 100's of businesses with their business loans. I specialize in SBA financing for working capital, real estate and business acquisitions.

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