How much do SBA lenders typically lend to a claims adjusting business?

The median SBA approval in NAICS 524291 is $110,500, with the middle 80% of loans between $25,000 and $845,000. Across all industries the median is $180,000.

Which lenders are most active in claims adjusting?

By dollars approved: Live Oak Banking Company, Meridian Bank, First Internet Bank of Indiana, Merchants Bank of Indiana, The Huntington National Bank. A lender's experience in your NAICS code matters - underwriters who have seen a hundred deals like yours ask better questions and move faster.

Is claims adjusting considered a risky industry by SBA lenders?

Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 9.4% were charged off, versus 7.6% across all SBA lending. That is close to average.

NAICS 524291 · Finance & Insurance

SBA loans for claims adjusting

254 SBA loans worth $93.5M have been approved in this industry since FY2010 - the #485 most-financed NAICS code in the country.

Median loan

$110,500

-39% vs all industries

Typical range

$25K-$845K

Middle 80%

Median rate

8.00%

7(a) initial note rate

Median term

10 yr

Charge-off rate

9.4%

vs 7.6% all industries

Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.

Lenders

Most active in this industry

Lender	Loans	Approved
Live Oak Banking Company	10	$11.3M
Meridian Bank	2	$5.0M
First Internet Bank of Indiana	1	$5.0M
Merchants Bank of Indiana	3	$4.0M
The Huntington National Bank	19	$4.0M
First Bank of the Lake	2	$3.5M
JPMorgan Chase Bank	19	$3.3M
U.S. Bank	14	$3.1M
St. Charles County Economic Development Council	1	$3.1M
VelocitySBA, LLC	1	$3.0M

Geography

Where these loans were made

State	Loans	Share
Florida	59
Illinois	24
California	21
Texas	16
New York	13
Pennsylvania	12
Massachusetts	9
New Jersey	8

Approvals by fiscal year

’10

’11

’12

’13

’14

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’16

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’18

’19

’20

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’26

Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
22%
$50K - $150K
31%
$150K - $350K
19%
$350K - $1M
20%
$1M - $2M
4%
Over $2M
4%

Nearby

Other finance & insurance industries

See the sector

Insurance Agencies and Brokerages10,623 · $171,000 Investment Advice2,974 · $264,500 Portfolio Management and Investment Advice737 · $250,000 Mortgage and Nonmortgage Loan Brokers493 · $182,000 Miscellaneous Financial Investment Activities411 · $187,500 All Other Insurance Related Activities401 · $100,000 Portfolio Management392 · $225,500 Financial Transactions Processing, Reserve, and Clearinghouse Activities280 · $250,000

Common questions

How much do SBA lenders typically lend to a claims adjusting business?: The median SBA approval in NAICS 524291 is $110,500, with the middle 80% of loans between $25,000 and $845,000. Across all industries the median is $180,000.
Which lenders are most active in claims adjusting?: By dollars approved: Live Oak Banking Company, Meridian Bank, First Internet Bank of Indiana, Merchants Bank of Indiana, The Huntington National Bank. A lender's experience in your NAICS code matters - underwriters who have seen a hundred deals like yours ask better questions and move faster.
Is claims adjusting considered a risky industry by SBA lenders?: Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 9.4% were charged off, versus 7.6% across all SBA lending. That is close to average.

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