SBA Loans for Insurance Agencies and Brokerages in Illinois: Top Lenders
NAICS 524NAICS 524 covers insurance agencies and brokerages businesses in Illinois. Based on historical SBA 7(a) lending data.
Total Approvals
23
in Illinois
Median Loan Size
$277,000
per approval
Recent Activity
1
last 90 days through Aug 2025
NAICS 524 covers insurance agencies and brokerages businesses. This is a smaller category in SBA 7(a) lending with 23 approvals on record and a median loan size of $277,000.
Most active SBA lenders for Insurance Agencies and Brokerages in Illinois
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 3 | $438,000 | |
| 2 | 3 | $267,300 | |
| 3 | 2 | $1,212,000 | |
| 4 | 2 | $141,950 | |
| 5 | 1 | $200,000 | |
| 6 | 1 | $668,900 | |
| 7 | 1 | $310,000 | |
| 8 | 1 | $277,000 | |
| 9 | 1 | $132,000 | |
| 10 | 1 | $200,000 | |
| 11 | 1 | $342,000 | |
| 12 | 1 | $472,000 | |
| 13 | 1 | $350,000 | |
| 14 | 1 | $70,000 | |
| 15 | 1 | $570,000 | |
| 16 | 1 | $221,200 | |
| 17 | 1 | $150,000 |
Recent SBA 7(a) approvals for Insurance Agencies and Brokerages in Illinois
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-08 | Live Oak Banking Company | Eli*****ica | EVERGREEN PARK, IL | $250,000 |
| 2025-04 | U.S. Bank, National Association | SOT*****INC | STREAMWOOD, IL | $45,000 |
| 2025-02 | U.S. Bank, National Association | MIC*****ENT | HOMER GLEN, IL | $100,000 |
| 2024-11 | BayFirst National Bank | THO*****III | CHICAGO, IL | $133,900 |
| 2024-08 | U.S. Bank, National Association | TLT*****LLC | CHICAGO, IL | $267,300 |
| 2024-06 | JPMorgan Chase Bank, National Association | Age*****Inc | NAPERVILLE, IL | $70,000 |
| 2024-02 | First Mid Bank & Trust, National Association | SMN*****Inc | GREENVILLE, IL | $200,000 |
| 2023-08 | Byline Bank | 4LJ*****NC. | Countryside, IL | $570,000 |
| 2023-08 | BayFirst National Bank | Tim*****Inc | ELMHURST, IL | $150,000 |
| 2022-12 | Live Oak Banking Company | Mys*****NC. | GLEN ELLYN, IL | $835,000 |
| 2022-08 | U.S. Bank, National Association | Mar*****nc. | CHICAGO, IL | $533,000 |
| 2022-05 | Fifth Third Bank | LOC*****NC. | CHICAGO, IL | $350,000 |
| 2022-04 | Midland States Bank | Dan*****nc. | Sugar Grove, IL | $221,200 |
| 2022-02 | FWBank | Bar*****nc. | Chicago, IL | $200,000 |
| 2021-12 | Cadence Bank | TRA*****ION | CHICAGO, IL | $225,000 |
| 2021-11 | Merchants Bank of Indiana | CLA*****NC. | Aurora, IL | $668,900 |
| 2021-11 | U.S. Bank, National Association | AL****ORP | CHICAGO, IL | $50,000 |
| 2021-08 | Live Oak Banking Company | ROY*****LLC | BURR RIDGE, IL | $438,000 |
| 2021-05 | United Midwest Savings Bank National Association | Dip*****nc. | Park Ridge, IL | $310,000 |
| 2021-05 | Fifth Third Bank | Job*****Inc | MORTON GROVE, IL | $205,000 |
| 2021-02 | Live Oak Banking Company | R. *****LLC | Schaumburg, IL | $1,013,000 |
| 2021-01 | Renasant Bank | Cal*****LLC | Chicago, IL | $1,400,000 |
| 2020-11 | Renasant Bank | Eas*****LLC | Chicago, IL | $1,024,000 |
| 2020-08 | The Huntington National Bank | JLC*****TD. | Des Plaines, IL | $132,000 |
| 2020-08 | Hometown Bank | JA****NC. | GILLESPIE, IL | $472,000 |
| 2020-06 | CenTrust Bank, A Division of SmartBiz Bank National Associat | Ala****rp. | Chicago, IL | $277,000 |
| 2020-04 | Signature Bank of Georgia | Zim*****nc. | LAKE FOREST, IL | $913,300 |
| 2020-04 | United Midwest Savings Bank National Association | Ane*****LLC | CHANNAHON, IL | $235,900 |
| 2020-03 | Touchmark National Bank | Ana*****ncy | SKOKIE, IL | $342,000 |
| 2020-02 | Bank of Springfield | Sha*****ler | Springfield, IL | $150,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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