Insurance Agencies and Brokerages acquisitions in Alabama: SBA loan data
Since FY2018, SBA lenders have approved 24 7(a) loans to buy an existing business classified as Insurance Agencies and Brokerages in Alabama, totaling $27.7M. The median loan was $1,017,500. That is 5.0% of the 476 acquisition loans in Alabama.
The purchase agreement decides what you bought, not the loan approval.
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How this compares
The median Insurance Agencies and Brokerages loan in Alabama is 29% higher than the $787,850 median for all Alabama acquisitions, and 41% higher than the $720,000 median for Insurance Agencies and Brokerages acquisitions nationwide (832 loans).
This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 3.1% of seasoned Insurance Agencies and Brokerages acquisition loans were charged off, and 3.5% of seasoned Alabama acquisition loans of any type.
Insurance Agencies and Brokerages acquisition loans in Alabama by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 4 | $2.2M | $497,000 | |
| FY2020 | 7 | $8.4M | $1,050,000 | |
| FY2021 | 3 | $1.9M | $690,000 | |
| FY2022 | 2 | $4M | $2,002,100 | |
| FY2023 | 5 | $6.8M | $1,142,000 | |
| FY2024 | 2 | $2.9M | $1,474,000 | |
| FY2025 | 0 | $0 | - | |
| FY2026 | 1 | $1.5M | $1,532,100 |
How often do these acquisition loans fail?
Fewer than 20 Insurance Agencies and Brokerages in Alabama acquisition loans are old enough to measure losses reliably, so no charge-off rate is shown. The benchmark across all SBA acquisition loans in the FY2018 to FY2021 cohort is 3.5% by count. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.
"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.
Seller note standby terms and third-party consents are reviewed before closing.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 8 | 33.3% | $9.2M | |
| 2 | United Midwest Savings Bank National Association | 7 | 29.2% | $8.5M | |
| 3 | Pathward National Association | 2 | 8.3% | $2.7M | |
| 4 | ServisFirst Bank | 1 | 4.2% | $2.8M | |
| 5 | CommerceOne Bank | 1 | 4.2% | $1.5M |
Top franchise brands
No franchise brands recorded in this combination.
Terms signed in the LOI shape the purchase agreement that follows.
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Questions buyers ask
How much do SBA loans for Insurance Agencies and Brokerages acquisitions in Alabama run?
The median SBA 7(a) loan was $1,017,500 across 24 loans (FY2018 to FY2026), with the middle half between $702,750 and $1,376,775. The loan excludes the buyer's equity and any seller note and may include working capital, so the price is usually higher than the loan.
Which banks finance Insurance Agencies and Brokerages acquisitions in Alabama?
Live Oak Banking Company (8), United Midwest Savings Bank National Association (7), Pathward National Association (2), ServisFirst Bank (1), CommerceOne Bank (1). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do Insurance Agencies and Brokerages acquisition loans fail in Alabama?
Fewer than 20 loans in this combination are old enough to measure losses reliably, so no rate is shown. The national benchmark for all SBA acquisition loans is 3.5% (FY2018 to FY2021 cohort).
Are franchised businesses part of Insurance Agencies and Brokerages acquisitions in Alabama?
None of the 24 loans in this combination were recorded with a franchise brand.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
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Related
- All Alabama acquisitions
- Insurance Agencies and Brokerages nationally
- Insurance Agencies and Brokerages in Texas
- Insurance Agencies and Brokerages in Florida
- Insurance Agencies and Brokerages in California
- Insurance Agencies and Brokerages in Georgia
- Insurance Agencies and Brokerages in New York
- Insurance Agencies and Brokerages in North Carolina
- Insurance Agencies and Brokerages in Colorado
- Insurance Agencies and Brokerages in Illinois
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Small samples move a lot: each loan in this combination is 4% of the count. Industry is the NAICS code the lender recorded. See the methodology.