Insurance Agencies and Brokerages acquisitions in Colorado: SBA loan data
Since FY2018, SBA lenders have approved 25 7(a) loans to buy an existing business classified as Insurance Agencies and Brokerages in Colorado, totaling $18.2M. The median loan was $500,000. That is 1.3% of the 1,870 acquisition loans in Colorado.
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How Insurance Agencies and Brokerages in Colorado compares
| Measure | Insurance Agencies and... | Colorado, all industries | Insurance Agencies and..., nationwide | All acquisitions |
|---|---|---|---|---|
| Median loan | $500,000 | $661,000 | $720,000 | $645,250 |
| Middle half of loans | $225,000 to $1,130,000 | $339,175 to $1,392,050 | $350,000 to $1,323,125 | $283,000 to $1,465,000 |
| Average initial rate | 7.80% | 7.79% | 7.55% | 7.76% |
| Median term | 10 years | 10 years | 10 years | 10 years |
| Charge-off rate (seasoned loans) | n/a | 4.1% | 3.1% | 3.5% |
| Loans in sample | 25 | 1,870 | 832 | 48,902 |
The median for Insurance Agencies and Brokerages acquisition loans in Colorado is $500,000, below the $661,000 median for all Colorado acquisitions, below the $720,000 median for Insurance Agencies and Brokerages acquisitions nationwide and below the $645,250 median for all SBA-financed acquisitions nationally.
The middle half runs $225,000 to $1,130,000, 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 7.80%, in line with the 7.76% national average.
Too few of these loans are old enough to measure a charge-off rate; the national rate for seasoned acquisition loans is 3.5%.
Loan size distribution
| Loan size | Insurance Agencies and... | All acquisitions |
|---|---|---|
| Under $350K | 32% | 30% |
| $350K to under $1M | 40% | 33% |
| $1M to under $2M | 24% | 19% |
| $2M and over | 4% | 17% |
Most Insurance Agencies and Brokerages acquisition loans in Colorado (72%) were under $1M, and the largest single band is $350K to under $1M at 40%, against 33% of all acquisition loans.
Bands are fixed dollar ranges chosen for comparison. They are not SBA program limits.
Lender concentration
Live Oak Banking Company made 32% of Insurance Agencies and Brokerages acquisition loans in Colorado, and the top three lenders together made 48%. 1 of the 15 lenders involved made three or more. Only 1 lender has repeat experience here. 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 Colorado were approved. Fewer than 10 loans were approved in FY2023 and FY2024, so no change is computed. The median was $702,000, well above the $500,000 median across all years.
Insurance Agencies and Brokerages acquisition loans in Colorado by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $176K | $176,400 | |
| FY2019 | 3 | $2.3M | $900,000 | |
| FY2020 | 3 | $960K | $388,300 | |
| FY2021 | 3 | $2.3M | $209,000 | |
| FY2022 | 3 | $3.9M | $1,538,000 | |
| FY2023 | 2 | $1.1M | $547,500 | |
| FY2024 | 1 | $990K | $990,000 | |
| FY2025 | 5 | $3.9M | $500,000 | |
| FY2026 | 4 | $2.7M | $715,500 |
How often do these acquisition loans fail?
Fewer than 20 Insurance Agencies and Brokerages in Colorado 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.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 8 | 32.0% | $4.9M | |
| 2 | United Midwest Savings Bank National Association | 2 | 8.0% | $2.7M | |
| 3 | Byline Bank | 2 | 8.0% | $1.9M | |
| 4 | Banc of California | 2 | 8.0% | $385K | |
| 5 | MVB Bank, Inc. | 1 | 4.0% | $1.5M |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Farmers Insurance | 1 | 4.0% | $1.3M | |
| 2 | Goosehead Insurance | 1 | 4.0% | $500K |
Seller note standby terms and third-party consents are reviewed before closing.
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Questions buyers ask
How much do SBA loans for Insurance Agencies and Brokerages acquisitions in Colorado run?
The median SBA 7(a) loan was $500,000 across 25 loans (FY2018 to FY2026), with the middle half between $225,000 and $1,130,000. 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 Colorado?
Live Oak Banking Company (8), United Midwest Savings Bank National Association (2), Byline Bank (2), Banc of California (2), MVB Bank, Inc. (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 Colorado?
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 Colorado?
2 of the 25 loans (8%) involved a franchise brand, most often Farmers Insurance (1).
How much do you need down for an SBA loan to buy an Insurance Agencies and Brokerages business in Colorado?
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 Colorado was $500,000, and the middle half ran $225,000 to $1,130,000.
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 Colorado in FY2025 and FY2026.
Which banks make SBA loans for an Insurance Agencies and Brokerages business in Colorado?
By loan count, FY2018 to FY2026: Live Oak Banking Company (8), United Midwest Savings Bank National Association (2), Byline Bank (2), Banc of California (2), MVB Bank, Inc. (1). Live Oak Banking Company made 32% of Insurance Agencies and Brokerages acquisition loans in Colorado. Counts show past approvals only and do not predict whether a lender will approve a particular deal.
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 Colorado acquisitions
- Insurance Agencies and Brokerages nationally
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- Insurance Agencies and Brokerages in Florida
- Insurance Agencies and Brokerages in California
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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.
Cite this data
SBA Acquisition Data, "Insurance Agencies and Brokerages in Colorado: SBA acquisition loan data", https://sbaacquisitiondata.com/state/co/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/co/insurance-agencies-and-brokerages-524210.json.