How many SBA 7(a) lenders serve the finance & insurance industry?

There are 34 active SBA 7(a) lenders that have originated finance & insurance acquisition loans, with a combined 118 loans nationwide.

What is the typical SBA loan rate for finance & insurance acquisitions?

The median SBA 7(a) acquisition loan rate for finance & insurance is approximately Prime + 2.25%. The SBA caps the spread at 3.0% for loans over $250,000.

Which states have the most finance & insurance SBA lenders?

The top states for finance & insurance SBA lending include .

Best SBA Lenders for Finance & Insurance Business Acquisitions (2026)

#	Lender	Loans	Volume	Rate	Default Rate
1	Live Oak Bank	33	$24.9M	P+1.50%	0.8%
2	Byline Bank	20	$17.3M	P+2.75%	1.5%
3	Bankwell Bank	11	$29.8M	P+2.50%	0.0%
4	First Federal Community Bank, SSB	6	$12.8M	P+0.50%	0.0%
5	First Bank of Central Ohio	3	$5.9M	P+2.75%	0.0%
6	Riverstone Bank	3	$4.4M	P+0.25%	0.0%
7	The Huntington National Bank	3	$5.1M	P+2.25%	1.7%
8	First Bank of the Lake	3	$3.9M	P+2.50%	0.7%
9	Zions Bank, A Division of	2	$515K	P+0.70%	1.1%
10	Dogwood State Bank	2	$1.2M	P+2.75%	0.0%
11	Seacoast National Bank	2	$2.5M	P+2.00%	2.9%
12	United Midwest Savings Bank, National Association	2	$2.3M	P+2.75%	0.4%
13	Bank of America, National Association	2	$1.5M	P+0.00%	0.0%
14	Capital Bank, National Association	2	$1.0M	P+2.75%	6.0%
15	Renasant Bank	2	$3.9M	P+2.50%	0.0%
16	Hanover Community Bank	2	$2.1M	P+2.25%	0.0%
17	City National Bank of Florida	2	$8.0M	P+2.50%	0.0%
18	Banner Bank	2	$946K	P+2.13%	4.1%
19	BayFirst National Bank	1	$370K	P+2.75%	3.8%
20	Old National Bank	1	$431K	P+0.30%	2.2%
21	Pathward National Association	1	$3.4M	P+2.25%	4.8%
22	First-Citizens Bank & Trust Company	1	$2.3M	P+2.00%	2.4%
23	Colony Bank	1	$999K	P+2.75%	0.0%
24	American National Bank	1	$699K	P+1.25%	1.4%
25	Bell Bank	1	$1.0M	P+1.88%	0.0%

SBA 7(a) Lending for Finance & Insurance

34 SBA 7(a) lenders have originated 118 acquisition loans in the finance & insurance sector, totaling $145.9M in volume. The median loan size is $1000K, with a median interest rate of Prime + 2.25% (Prime + spread).

When evaluating lenders for a finance & insurance acquisition, compare loan volume (indicating experience in this sector), interest rates, and historical default rates. PLP (Preferred Lender Program) lenders have delegated SBA authority for faster loan processing.

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