Best SBA 7(a) lenders for insurance agencies and brokerages
The top SBA 7(a) lenders for insurance agencies and brokerages (NAICS 524210) are Live Oak Banking Company, U.S. Bank, National Association, The Huntington National Bank, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 4,249 loans totaling $2.03B to businesses in this industry. Average loan size: $478K. Average rate: 8.38%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 1.55%.
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.