Best SBA 7(a) lenders for insurance agencies and brokerages
NAICS 524210 — Insurance Agencies and Brokerages.
4,249 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $2.03B.
Loans
4,249
Total $
$2.03B
Avg loan
$478K
Avg rate
8.38%
Avg term
140 mo
Industry chg-off rate
1.55%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 373 | $366.5M | $983K | 7.28% | 0.00% |
| 2 | U.S. Bank, National Association | 330 | $90.5M | $274K | 7.84% | 1.05% |
| 3 | The Huntington National Bank | 211 | $36.1M | $171K | 7.71% | 2.03% |
| 4 | BayFirst National Bank | 194 | $29.4M | $151K | 10.52% | 1.87% |
| 5 | Readycap Lending, LLC | 189 | $58.2M | $308K | 11.33% | 1.75% |
| 6 | United Midwest Savings Bank National Association | 171 | $153.3M | $896K | 7.84% | 1.69% |
| 7 | TD Bank, National Association | 170 | $17.4M | $102K | 10.18% | 4.08% |
| 8 | Newtek Bank, National Association | 126 | $52.7M | $418K | 11.49% | 0.00% |
| 9 | Manufacturers and Traders Trust Company | 107 | $11.8M | $110K | 10.19% | 3.03% |
| 10 | Northeast Bank | 97 | $12.9M | $133K | 10.86% | 0.00% |
| 11 | Byline Bank | 91 | $79.4M | $873K | 9.68% | 8.57% |
| 12 | Bank of America, National Association | 79 | $34.6M | $438K | 6.75% | 0.00% |
| 13 | Pathward National Association | 74 | $72.9M | $985K | 7.10% | 3.39% |
| 14 | Celtic Bank Corporation | 73 | $9.5M | $130K | 9.84% | 3.23% |
| 15 | Cadence Bank | 68 | $15.5M | $228K | 8.67% | 8.70% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 524210. Charge-off rates are calculated on the FY2020–FY2023 cohort only.