SBA Loans for Insurance Agencies and Brokerages in New Jersey: Top Lenders
NAICS 524NAICS 524 covers insurance agencies and brokerages businesses in New Jersey. Based on historical SBA 7(a) lending data.
Total Approvals
20
in New Jersey
Median Loan Size
$115,000
per approval
Recent Activity
0
last 90 days through Mar 2025
NAICS 524 covers insurance agencies and brokerages businesses. This is a smaller category in SBA 7(a) lending with 20 approvals on record and a median loan size of $115,000.
Key trends & insights
- TD Bank, National Association leads this industry with 6 approvals (30% market share) and a median loan of $86,000.
- Insurance Agencies and Brokerages in New Jersey loans skew smaller than the SBA average at $115,000 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 2025-03-26 — 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 New Jersey
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 6 | $86,000 | |
| 2 | 1 | $120,000 | |
| 3 | 1 | $110,000 | |
| 4 | 1 | $5,000,000 | |
| 5 | 1 | $500,000 | |
| 6 | 1 | $519,000 | |
| 7 | 1 | $120,000 | |
| 8 | 1 | $1,770,000 | |
| 9 | 1 | $25,000 | |
| 10 | 1 | $150,000 | |
| 11 | 1 | $1,350,000 | |
| 12 | 1 | $100,000 | |
| 13 | 1 | $28,000 | |
| 14 | 1 | $25,000 | |
| 15 | 1 | $350,000 |
Recent SBA 7(a) approvals for Insurance Agencies and Brokerages in New Jersey
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-11 | Celtic Bank Corporation | MAR*****LLC | Teaneck, NJ | $150,000 |
| 2025-09 | Manufacturers and Traders Trust Company | PAU*****UNG | JERSEY CITY, NJ | $20,000 |
| 2025-09 | Trenton Business Assistance Corporation | Vin*****LLC | BRIELLE, NJ | $100,000 |
| 2025-07 | TD Bank, National Association | Rob*****any | TOWNSHIP OF WASHINGTON, NJ | $72,000 |
| 2025-07 | BayFirst National Bank | JHO*****ION | SUMMIT, NJ | $150,000 |
| 2025-06 | Northeast Bank | Amp*****LLC | Haledon, NJ | $150,000 |
| 2025-04 | Hanmi Bank | Sei*****LLC | RIDGEFIELD, NJ | $675,000 |
| 2025-04 | Magyar Bank | Men*****LLC | NEW BRUNSWICK, NJ | $801,000 |
| 2025-03 | U.S. Bank, National Association | JLO*****LLC | FREEHOLD, NJ | $519,000 |
| 2025-03 | Bankwell Bank | Ins*****.C. | KEYPORT, NJ | $350,000 |
| 2025-02 | Newtek Bank, National Association | Ara*****orp | Scotch Plains, NJ | $323,000 |
| 2025-02 | Heritage Bank Inc | Amp*****any | WEST ORANGE, NJ | $150,000 |
| 2025-01 | Readycap Lending, LLC | Cro*****.C. | Cherry Hill, NJ | $500,000 |
| 2025-01 | BayFirst National Bank | FEL*****LLC | MILLBURN, NJ | $120,000 |
| 2025-01 | Newtek Bank, National Association | Jho*****ion | SUMMIT, NJ | $50,000 |
| 2024-11 | TD Bank, National Association | Cra*****LLC | FREEHOLD, NJ | $100,000 |
| 2024-10 | U.S. Bank, National Association | GE *****LLC | EDISON, NJ | $1,510,000 |
| 2024-07 | BayFirst National Bank | SPE*****ANY | CLARK, NJ | $51,000 |
| 2024-07 | TD Bank, National Association | Ins*****nc. | MARLTON, NJ | $100,000 |
| 2024-07 | Readycap Lending, LLC | SVA*****LLC | UNION CITY, NJ | $25,000 |
| 2024-07 | TD Bank, National Association | Bin*****isz | MONTVALE, NJ | $210,000 |
| 2024-06 | TD Bank, National Association | R4 *****LLC | MOORESTOWN, NJ | $200,000 |
| 2024-06 | TD Bank, National Association | Ver*****any | TOMS RIVER, NJ | $80,000 |
| 2024-04 | BayFirst National Bank | R L*****TES | MOUNT LAUREL, NJ | $134,000 |
| 2024-04 | Cadence Bank | KAC*****NCY | JERSEY CITY, NJ | $165,000 |
| 2024-02 | TD Bank, National Association | Cre*****.C. | PENNSAUKEN, NJ | $129,000 |
| 2024-01 | Newtek Bank, National Association | Hud*****LC. | RED BANK, NJ | $4,050,000 |
| 2023-12 | Readycap Lending, LLC | P.A*****nc. | FRANKLINVILLE, NJ | $25,000 |
| 2023-12 | TD Bank, National Association | Med*****LLC | CLIFTON, NJ | $25,000 |
| 2023-11 | Manufacturers and Traders Trust Company | VAR*****INC | RED BANK, NJ | $34,000 |
| 2023-11 | Blue Foundry Bank | IA***td. | Rutherford, NJ | $600,000 |
| 2023-10 | Bankwell Bank | Lei*****LLC | FREEHOLD, NJ | $1,135,000 |
| 2023-07 | Manufacturers and Traders Trust Company | DCR*****LLC | HIGHTSTOWN, NJ | $35,000 |
| 2023-06 | Bank of America, National Association | Pro*****orp | BELLEVILLE, NJ | $265,000 |
| 2023-05 | Manufacturers and Traders Trust Company | LEG*****LLC | LIVINGSTON, NJ | $8,000 |
| 2023-05 | TD Bank, National Association | AVE*****LLC | Hamilton, NJ | $168,000 |
| 2023-05 | TD Bank, National Association | AVE*****LLC | Hamilton, NJ | $35,000 |
| 2023-04 | Celtic Bank Corporation | Amp*****nc. | Aberdeen, NJ | $28,000 |
| 2023-03 | Live Oak Banking Company | Dev*****nc. | EDISON, NJ | $1,650,000 |
| 2023-02 | Columbia Bank | Fre*****nc. | MOUNT LAUREL, NJ | $5,000,000 |
| 2023-02 | Live Oak Banking Company | Ric*****hip | FRANKLIN LAKES, NJ | $2,080,000 |
| 2023-02 | Manufacturers and Traders Trust Company | Leg*****oup | KEYPORT, NJ | $25,000 |
| 2022-12 | Live Oak Banking Company | Tod*****bik | TINTON FALLS, NJ | $1,770,000 |
| 2022-12 | Byline Bank | Jho*****ion | SUMMIT, NJ | $110,000 |
| 2022-11 | TD Bank, National Association | Cra*****LLC | FREEHOLD, NJ | $80,000 |
| 2022-10 | Byline Bank | The*****nc. | WESTFIELD, NJ | $5,000,000 |
| 2022-10 | TD Bank, National Association | J&J*****LLC | JERSEY CITY, NJ | $100,000 |
| 2022-09 | TD Bank, National Association | KAR*****LLC | COLONIA, NJ | $50,000 |
| 2022-09 | TD Bank, National Association | NEX*****LLC | NORTH BERGEN, NJ | $39,000 |
| 2022-08 | BankUnited, National Association | CIT*****LLC | SEWELL, NJ | $500,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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