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NAICS sector 52

Finance and Insurance

Name: SBA lending in Finance and Insurance
Creator: U.S. Small Business Administration
License: https://www.usa.gov/government-works

18,357 SBA loans worth $7.91B across 24 industries in this sector.

Loans

18,357

Approved

$7.91B

Median loan

$200,000

Median term

10 yr

Charge-off rate

4.5%

vs 7.6% all sectors

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.

Inside the sector

All 24 industries

Industry	NAICS	Loans	Median loan	Median rate	Charge-off
Insurance Agencies and Brokerages	524210	10,623	$171,000	6.75%	4.8%
Investment Advice	523930	2,974	$264,500	6.00%	1.8%
Portfolio Management and Investment Advice	523940	737	$250,000	10.00%	-
Mortgage and Nonmortgage Loan Brokers	522310	493	$182,000	7.25%	11.1%
Miscellaneous Financial Investment Activities	523999	411	$187,500	6.50%	6.4%
All Other Insurance Related Activities	524298	401	$100,000	7.75%	9.8%
Portfolio Management	523920	392	$225,500	6.00%	3.3%
Financial Transactions Processing, Reserve, and Clearinghouse Activities	522320	280	$250,000	6.75%	11.0%
Claims Adjusting	524291	254	$110,500	8.00%	9.4%
Securities Brokerage	523120	213	$310,000	6.00%	0.0%
Direct Property and Casualty Insurance Carriers	524126	185	$85,000	6.00%	6.8%
Miscellaneous Intermediation	523910	170	$289,000	6.28%	7.4%
Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds	524292	148	$296,500	6.30%	4.7%
All Other Nondepository Credit Intermediation	522298	135	$250,000	6.00%	5.2%
Other Activities Related to Credit Intermediation	522390	107	$150,000	7.13%	9.3%
Real Estate Credit	522292	94	$350,000	6.00%	2.2%
Direct Life Insurance Carriers	524113	83	$55,000	7.00%	6.3%
Investment Banking and Securities Dealing	523110	64	$233,500	5.87%	5.9%
Other Financial Vehicles	525990	63	$287,000	5.88%	6.7%
Direct Health and Medical Insurance Carriers	524114	62	$150,000	7.70%	4.0%
Direct Title Insurance Carriers	524127	60	$150,000	6.75%	0.0%
Trust, Fiduciary, and Custody Activities	523991	60	$263,500	6.00%	3.9%
Trusts, Estates, and Agency Accounts	525920	52	$783,750	5.50%	-
Other Direct Insurance (except Life, Health, and Medical) Carriers	524128	48	$137,500	8.32%	-

Lenders

Most active in this sector

Lender	Loans	Approved
Live Oak Banking Company	1,979	$1.60B
Byline Bank	489	$472.3M
U.S. Bank	913	$275.3M
Wells Fargo Bank	629	$260.4M
United Midwest Savings Bank	257	$221.3M
Pathward	226	$213.8M
The Huntington National Bank	835	$156.8M
Bankwell Bank	77	$156.6M
Newtek Bank	261	$114.5M
Readycap Lending, LLC	333	$110.3M

Approvals by fiscal year

’10

’12

’14

’16

’18

’20

’22

’24

’26

Gross approval dollars. Final bar is a partial fiscal year.

An SBA 7(a) lender for loans this size

65% of the SBA loans approved in the finance & insurance sector since FY2010 were under $350,000. SmartBiz makes SBA 7(a) loans up to $500,000. It is shown here as a separate, labelled option, outside the data rankings on this page. You apply on their site - we do not take applications and never see your information.

Check options with SmartBiz

We may be paid if you apply through this link. It does not change what we publish, and no lender can buy a place in our rankings. Details.

By state

Finance & Insurance SBA lending in 50 states

Each state page lists the lenders and industries behind the sector's loans there. States with fewer than 20 loans in the sector have no page.

California2,374 · $319,750 Florida1,513 · $240,000 Texas1,405 · $254,000 New York1,112 · $114,000 Ohio802 · $122,000 Illinois630 · $188,500 Michigan595 · $180,000 Pennsylvania570 · $150,000 Minnesota558 · $150,000 Massachusetts541 · $100,000 Georgia488 · $281,750 Colorado488 · $250,000 Arizona476 · $294,700 New Jersey453 · $150,000 Utah435 · $193,000 Indiana428 · $131,000 Washington409 · $260,000 Missouri349 · $180,000 Wisconsin342 · $150,000 North Carolina338 · $212,500 Oregon313 · $172,700 Maryland272 · $150,000 Connecticut245 · $150,000 Virginia244 · $201,250 Nevada215 · $264,000 Tennessee214 · $245,500 Oklahoma207 · $236,000 South Carolina201 · $224,000 Kansas196 · $154,800 Louisiana181 · $185,000 Idaho157 · $178,000 Alabama156 · $227,500 Kentucky155 · $150,000 New Hampshire144 · $106,500 Iowa123 · $160,000 Nebraska117 · $183,000 Rhode Island107 · $100,000 Mississippi104 · $150,000 Hawaii97 · $50,000 Arkansas82 · $129,000 New Mexico74 · $208,250 Montana63 · $250,000 Maine61 · $115,000 West Virginia54 · $87,500 South Dakota49 · $196,500 Puerto Rico47 · $50,000 North Dakota43 · $206,000 Delaware43 · $146,000 Alaska24 · $355,250 Vermont22 · $194,250

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