SBA Loans for Insurance Agencies and Brokerages in Iowa: Top Lenders
NAICS 524NAICS 524 covers insurance agencies and brokerages businesses in Iowa. Based on historical SBA 7(a) lending data.
Total Approvals
5
in Iowa
Median Loan Size
$75,000
per approval
Recent Activity
0
last 90 days through Jun 2022
NAICS 524 covers insurance agencies and brokerages businesses. This is a smaller category in SBA 7(a) lending with 5 approvals on record and a median loan size of $75,000.
Key trends & insights
- Insurance Agencies and Brokerages in Iowa lending is concentrated — Bank Iowa, U.s. Bank, National Association, Farmers State Bank together account for 60% of all approvals. If you're in this industry, these are your highest-probability lenders.
- Bank Iowa leads this industry with 1 approvals (20% market share) and a median loan of $75,000.
- Insurance Agencies and Brokerages in Iowa loans skew smaller than the SBA average at $75,000 median (vs. ~$450,000 overall) — good news if you need a smaller amount and want to avoid lenders with high minimums.
- SBA data for this industry goes through 2022-06-23 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Insurance Agencies and Brokerages in Iowa
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 1 | $75,000 | |
| 2 | 1 | $15,000 | |
| 3 | 1 | $75,000 | |
| 4 | 1 | $10,000 | |
| 5 | 1 | $1,175,000 |
Recent SBA 7(a) approvals for Insurance Agencies and Brokerages in Iowa
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2022-06 | Raccoon Valley Bank | Lue*****Inc | Dallas Center, IA | $1,175,000 |
| 2022-03 | Bank Iowa | BB *****NC. | URBANDALE, IA | $75,000 |
| 2022-02 | Farmers State Bank | TY***LLC | INDEPENDENCE, IA | $75,000 |
| 2022-01 | Citizens First Bank | Fir*****LLC | CLINTON, IA | $10,000 |
| 2021-11 | U.S. Bank, National Association | MIT*****LLC | BETTENDORF, IA | $15,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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