How much do SBA lenders typically lend to a all other insurance related activities business?

The median SBA approval in NAICS 524298 is $100,000, with the middle 80% of loans between $12,000 and $693,600. Across all industries the median is $180,000.

Which lenders are most active in all other insurance related activities?

By dollars approved: Wells Fargo Bank, The Huntington National Bank, Newtek Bank, First Bank of the Lake, First Internet Bank of Indiana. 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 all other insurance related activities considered a risky industry by SBA lenders?

Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 9.8% were charged off, versus 7.6% across all SBA lending. That is materially above average, which in practice tends to mean tighter underwriting, more collateral, or a larger equity injection.

NAICS 524298 · Finance & Insurance

SBA loans for all other insurance related activities

401 SBA loans worth $119.2M have been approved in this industry since FY2010 - the #380 most-financed NAICS code in the country.

Median loan

$100,000

-44% vs all industries

Typical range

$12K-$694K

Middle 80%

Median rate

7.75%

7(a) initial note rate

Median term

10 yr

Charge-off rate

9.8%

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
Wells Fargo Bank	41	$6.8M
The Huntington National Bank	29	$5.8M
Newtek Bank	2	$5.1M
First Bank of the Lake	1	$5.0M
First Internet Bank of Indiana	1	$4.8M
City National Bank	1	$4.4M
U.S. Bank	14	$3.9M
Touchmark National Bank	6	$3.7M
First Bank of Central Ohio	1	$3.6M
Solvay Bank	1	$3.5M

Geography

Where these loans were made

State	Loans	Share
California	55
Florida	46
New York	39
Texas	23
Massachusetts	20
Pennsylvania	16
New Jersey	14
Ohio	13

Approvals by fiscal year

’10

’11

’12

’13

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’16

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’26

Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
31%
$50K - $150K
28%
$150K - $350K
16%
$350K - $1M
17%
$1M - $2M
4%
Over $2M
2%

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 Portfolio Management392 · $225,500 Financial Transactions Processing, Reserve, and Clearinghouse Activities280 · $250,000 Claims Adjusting254 · $110,500

Common questions

How much do SBA lenders typically lend to a all other insurance related activities business?: The median SBA approval in NAICS 524298 is $100,000, with the middle 80% of loans between $12,000 and $693,600. Across all industries the median is $180,000.
Which lenders are most active in all other insurance related activities?: By dollars approved: Wells Fargo Bank, The Huntington National Bank, Newtek Bank, First Bank of the Lake, First Internet Bank of Indiana. 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 all other insurance related activities considered a risky industry by SBA lenders?: Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 9.8% were charged off, versus 7.6% across all SBA lending. That is materially above average, which in practice tends to mean tighter underwriting, more collateral, or a larger equity injection.

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