Insurance Agencies and Brokerages acquisitions in Florida: SBA loan data
Since FY2018, SBA lenders have approved 105 7(a) loans to buy an existing business classified as Insurance Agencies and Brokerages in Florida, totaling $154M. The median loan was $1,255,000. That is 2.9% of the 3,624 acquisition loans in Florida.
- Loans, FY2018-FY2026
- 105
- Median loan
- $1,255,000 (middle half $550,000 to $1,978,300)
- Top lender
- Bankwell Bank (15%, 16 loans)
- Charge-off, FY2018-FY2021 loans
- 2.0% (all-acquisition: 3.5%)
- FY2026 loans (latest complete year)
- 16 (-6% vs FY2025)
SBA lenders approved 105 7(a) loans to buy a business classified as Insurance Agencies and Brokerages in Florida from FY2018-FY2026, with a median of $1,255,000 and a middle half of $550,000 to $1,978,300. Bankwell Bank made 15% of them. FY2026 had 16 loans, down 6% from FY2025.
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How Insurance Agencies and Brokerages in Florida compares
| Measure | Insurance Agencies and... | Florida, all industries | Insurance Agencies and..., nationwide | All acquisitions |
|---|---|---|---|---|
| Median loan | $1,255,000 | $751,700 | $720,000 | $645,250 |
| Middle half of loans | $550,000 to $1,978,300 | $350,000 to $1,584,250 | $350,000 to $1,323,125 | $283,000 to $1,465,000 |
| Average initial rate | 7.66% | 8.14% | 7.55% | 7.76% |
| Median term | 10 years | 10 years | 10 years | 10 years |
| Charge-off rate (seasoned loans) | 2.0% | 5.7% | 3.1% | 3.5% |
| Loans in sample | 105 | 3,624 | 832 | 48,902 |
The median for Insurance Agencies and Brokerages acquisition loans in Florida is $1,255,000, well above the $751,700 median for all Florida acquisitions, well above the $720,000 median for Insurance Agencies and Brokerages acquisitions nationwide and well above the $645,250 median for all SBA-financed acquisitions nationally.
The middle half runs $550,000 to $1,978,300, 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 7.66%, in line with the 7.76% national average.
Seasoned loans were charged off at 2.0%, well below the 5.7% rate for all Florida acquisitions, below the 3.1% rate for Insurance Agencies and Brokerages acquisitions nationwide and well below the 3.5% rate for all acquisition loans.
Loan size distribution
| Loan size | Insurance Agencies and... | All acquisitions |
|---|---|---|
| Under $350K | 14% | 30% |
| $350K to under $1M | 26% | 33% |
| $1M to under $2M | 37% | 19% |
| $2M and over | 23% | 17% |
Most Insurance Agencies and Brokerages acquisition loans in Florida (60%) were $1M or more, and the largest single band is $1M to under $2M at 37%, against 19% of all acquisition loans.
Bands are fixed dollar ranges chosen for comparison. They are not SBA program limits.
Lender concentration
Bankwell Bank made 15% of Insurance Agencies and Brokerages acquisition loans in Florida, and the top three lenders together made 41%. 8 of the 36 lenders involved made three or more. Repeat experience is spread across many banks. That is a rough guide to how many banks have seen this kind of deal before.
Recent activity
In FY2025 and FY2026 combined, 33 Insurance Agencies and Brokerages acquisition loans in Florida were approved. That is 200% more than the 11 approved in FY2023 and FY2024. The median was $1,189,000, slightly below the $1,255,000 median across all years.
Insurance Agencies and Brokerages acquisition loans in Florida by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 6 | $7.3M | $1,430,500 | |
| FY2019 | 7 | $6M | $679,800 | |
| FY2020 | 15 | $30.1M | $1,990,000 | |
| FY2021 | 22 | $27M | $1,071,250 | |
| FY2022 | 11 | $13.5M | $1,341,500 | |
| FY2023 | 6 | $9.5M | $1,070,000 | |
| FY2024 | 5 | $12.9M | $2,675,600 | |
| FY2025 | 17 | $28.7M | $1,255,000 | |
| FY2026 | 16 | $19.4M | $914,700 |
How often do these acquisition loans fail?
Of the 50 Insurance Agencies and Brokerages in Florida 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 2.0% by loan count and 0.6% by dollars. 36 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 Florida is 43% lower 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 | Bankwell Bank | 16 | 15.2% | $39.2M | |
| 2 | Live Oak Banking Company | 14 | 13.3% | $20M | |
| 3 | Byline Bank | 13 | 12.4% | $11.6M | |
| 4 | United Midwest Savings Bank National Association | 11 | 10.5% | $9.5M | |
| 5 | Pathward National Association | 4 | 3.8% | $15.2M |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Allstate Home Inspection | 3 | 2.9% | $2.1M | |
| 2 | Goosehead Insurance | 1 | 1.0% | $842K |
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Questions buyers ask
How much do SBA loans for Insurance Agencies and Brokerages acquisitions in Florida run?
The median SBA 7(a) loan was $1,255,000 across 105 loans (FY2018 to FY2026), with the middle half between $550,000 and $1,978,300. 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 Florida?
Bankwell Bank (16), Live Oak Banking Company (14), Byline Bank (13), United Midwest Savings Bank National Association (11), Pathward National Association (4). 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 Florida?
2.0% of 50 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 Florida?
10 of the 105 loans (10%) involved a franchise brand, most often Allstate Home Inspection (3).
How much do you need down for an SBA loan to buy an Insurance Agencies and Brokerages business in Florida?
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 Florida was $1,255,000, and the middle half ran $550,000 to $1,978,300.
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 33 Insurance Agencies and Brokerages acquisition loans in Florida in FY2025 and FY2026.
Which banks make SBA loans for an Insurance Agencies and Brokerages business in Florida?
By loan count, FY2018 to FY2026: Bankwell Bank (16), Live Oak Banking Company (14), Byline Bank (13), United Midwest Savings Bank National Association (11), Pathward National Association (4). Bankwell Bank made 15% of Insurance Agencies and Brokerages acquisition loans in Florida. Counts show past approvals only and do not predict whether a lender will approve a particular deal.
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Related
- All Florida 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 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 Alabama
- Insurance Agencies and Brokerages in Illinois
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Small samples move a lot: each loan in this combination is 1% 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 Florida: SBA acquisition loan data", https://sbaacquisitiondata.com/state/fl/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/fl/insurance-agencies-and-brokerages-524210.json.