SBA Loans for Insurance Agencies and Brokerages in Rhode Island: Top Lenders
NAICS 524NAICS 524 covers insurance agencies and brokerages businesses in Rhode Island. Based on historical SBA 7(a) lending data.
Total Approvals
2
in Rhode Island
Median Loan Size
$71,000
per approval
Recent Activity
0
last 90 days through Apr 2024
NAICS 524 covers insurance agencies and brokerages businesses. This is a smaller category in SBA 7(a) lending with 2 approvals on record and a median loan size of $71,000.
Key trends & insights
- Insurance Agencies and Brokerages in Rhode Island loans skew smaller than the SBA average at $71,000 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 2024-04-05 — 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 Rhode Island
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 1 | $42,000 | |
| 2 | 1 | $100,000 |
Recent SBA 7(a) approvals for Insurance Agencies and Brokerages in Rhode Island
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2024-04 | BayFirst National Bank | BSA*****LLC | SAUNDERSTOWN, RI | $42,000 |
| 2023-02 | Navigant CU | Smy*****LLC | JOHNSTON, RI | $100,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
Save your lender shortlist & build your packet
Answer 2 more questions to refine your ranking and export a lender-ready packet.
Save & export my packet