Insurance Agencies and Brokerages acquisitions in California: SBA loan data
Since FY2018, SBA lenders have approved 61 7(a) loans to buy an existing business classified as Insurance Agencies and Brokerages in California, totaling $74.2M. The median loan was $735,000. That is 1.2% of the 5,184 acquisition loans in California.
- Loans, FY2018-FY2026
- 61
- Median loan
- $735,000 (middle half $442,500 to $1,530,000)
- Top lender
- United Midwest Savings Bank (25%, 15 loans)
- Charge-off, FY2018-FY2021 loans
- 3.9% (all-acquisition: 3.5%)
- FY2026 loans (latest complete year)
- 8
SBA lenders approved 61 7(a) loans to buy a business classified as Insurance Agencies and Brokerages in California from FY2018-FY2026, with a median of $735,000 and a middle half of $442,500 to $1,530,000. United Midwest Savings Bank made 25% of them. FY2026 had 8 loans.
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How Insurance Agencies and Brokerages in California compares
| Measure | Insurance Agencies and... | California, all industries | Insurance Agencies and..., nationwide | All acquisitions |
|---|---|---|---|---|
| Median loan | $735,000 | $600,000 | $720,000 | $645,250 |
| Middle half of loans | $442,500 to $1,530,000 | $296,225 to $1,395,000 | $350,000 to $1,323,125 | $283,000 to $1,465,000 |
| Average initial rate | 7.85% | 7.87% | 7.55% | 7.76% |
| Median term | 10 years | 10 years | 10 years | 10 years |
| Charge-off rate (seasoned loans) | 3.9% | 4.1% | 3.1% | 3.5% |
| Loans in sample | 61 | 5,184 | 832 | 48,902 |
The median for Insurance Agencies and Brokerages acquisition loans in California is $735,000, above the $600,000 median for all California acquisitions, in line with the $720,000 median for Insurance Agencies and Brokerages acquisitions nationwide and slightly above the $645,250 median for all SBA-financed acquisitions nationally.
The middle half runs $442,500 to $1,530,000, against $283,000 to $1,465,000 nationally; the median term is 10 years, the same as the national median; the average initial rate is 7.85%, in line with the 7.76% national average.
Seasoned loans were charged off at 3.9%, in line with the 4.1% rate for all California acquisitions, above the 3.1% rate for Insurance Agencies and Brokerages acquisitions nationwide and in line with the 3.5% rate for all acquisition loans.
Loan size distribution
| Loan size | Insurance Agencies and... | All acquisitions |
|---|---|---|
| Under $350K | 13% | 30% |
| $350K to under $1M | 52% | 33% |
| $1M to under $2M | 18% | 19% |
| $2M and over | 16% | 17% |
Most Insurance Agencies and Brokerages acquisition loans in California (66%) were under $1M, and the largest single band is $350K to under $1M at 52%, against 33% of all acquisition loans.
Bands are fixed dollar ranges chosen for comparison. They are not SBA program limits.
Lender concentration
United Midwest Savings Bank made 25% of Insurance Agencies and Brokerages acquisition loans in California, and the top three lenders together made 54%. 5 of the 24 lenders involved made three or more. A few banks carry most of the volume. That is a rough guide to how many banks have seen this kind of deal before.
Recent activity
In FY2025 and FY2026 combined, 9 Insurance Agencies and Brokerages acquisition loans in California were approved. That is 47% fewer than the 17 approved in FY2023 and FY2024. The median was $780,000, slightly above the $735,000 median across all years.
Insurance Agencies and Brokerages acquisition loans in California by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 3 | $2.7M | $980,200 | |
| FY2019 | 5 | $7.3M | $1,000,000 | |
| FY2020 | 6 | $4M | $708,500 | |
| FY2021 | 12 | $23.7M | $1,654,600 | |
| FY2022 | 9 | $5M | $388,000 | |
| FY2023 | 6 | $8.2M | $1,440,500 | |
| FY2024 | 11 | $12.1M | $548,000 | |
| FY2025 | 1 | $450K | $450,000 | |
| FY2026 | 8 | $10.8M | $881,000 |
How often do these acquisition loans fail?
Of the 26 Insurance Agencies and Brokerages in California acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 1 have been charged off by the SBA, a rate of 3.9% by loan count and 1.5% by dollars. 18 have already been paid in full.
For comparison, the charge-off rate across all SBA 7(a) acquisition loans in the same cohort is 3.5%, so Insurance Agencies and Brokerages in California is 9% higher than the acquisition-loan average. 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.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | United Midwest Savings Bank | 15 | 24.6% | $12M | |
| 2 | Live Oak Bank | 14 | 23.0% | $17.9M | |
| 3 | Byline Bank | 4 | 6.6% | $4M | |
| 4 | BMO Bank | 3 | 4.9% | $4.9M | |
| 5 | First Bank of the Lake | 3 | 4.9% | $3.7M |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Farmers Insurance | 4 | 6.6% | $1.8M | |
| 2 | Allstate Home Inspection | 2 | 3.3% | $2.6M |
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Questions buyers ask
How much do SBA loans for Insurance Agencies and Brokerages acquisitions in California run?
The median SBA 7(a) loan was $735,000 across 61 loans (FY2018 to FY2026), with the middle half between $442,500 and $1,530,000. 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 California?
United Midwest Savings Bank (15), Live Oak Bank (14), Byline Bank (4), BMO Bank (3), First Bank of the Lake (3). 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 California?
3.9% of 26 seasoned loans (FY2018 to FY2021) were charged off, against 3.5% for all SBA acquisition loans. With a sample this size, treat the figure as a direction, not a precise rate.
Are franchised businesses part of Insurance Agencies and Brokerages acquisitions in California?
6 of the 61 loans (10%) involved a franchise brand, most often Farmers Insurance (4).
How much do you need down for an SBA loan to buy an Insurance Agencies and Brokerages business in California?
The SBA requires the buyer to make an equity injection, commonly 10% of total project cost, and a lender may ask for more. The SBA file does not record injections, so the figures here are the financed portion: the median for Insurance Agencies and Brokerages acquisition loans in California was $735,000, and the middle half ran $442,500 to $1,530,000.
How long does an SBA acquisition loan take?
For a change-of-ownership 7(a) loan, 45 to 90 days from application to close is typical. It varies by lender and by how quickly third-party reports, such as the business valuation and appraisal, come back. The SBA file records approval dates, not application dates, so this site cannot measure it. Lenders approved 9 Insurance Agencies and Brokerages acquisition loans in California in FY2025 and FY2026.
Which banks make SBA loans for an Insurance Agencies and Brokerages business in California?
By loan count, FY2018 to FY2026: United Midwest Savings Bank (15), Live Oak Bank (14), Byline Bank (4), BMO Bank (3), First Bank of the Lake (3). United Midwest Savings Bank made 25% of Insurance Agencies and Brokerages acquisition loans in California. Counts show past approvals only and do not predict whether a lender will approve a particular deal.
Terms signed in the LOI shape the purchase agreement that follows.
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Related
- All California acquisitions
- Financing one? How to get an SBA loan to buy an insurance agency
- Insurance Agencies and Brokerages nationally
- Insurance Agencies and Brokerages in Texas
- Insurance Agencies and Brokerages in Florida
- 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 Alabama
- Insurance Agencies and Brokerages in Illinois
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- Hotels and Motels in California
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- General Automotive Repair in California
- Supermarkets and Other Grocery Retailers in California
Small samples move a lot: each loan in this combination is 2% of the count. Industry is the NAICS code the lender recorded. See the methodology.
Cite this data
SBA Acquisition Data, "Insurance Agencies and Brokerages in California: SBA acquisition loan data", https://sbaacquisitiondata.com/state/ca/insurance-agencies-and-brokerages-524210 (data as of September 30, 2026). Source: U.S. Small Business Administration 7(a) loan file, data.sba.gov. Aggregated by SBA Acquisition Data.
The figures on this page are also published as JSON at https://sbaacquisitiondata.com/data/state/ca/insurance-agencies-and-brokerages-524210.json.