Insurance Agencies and Brokerages acquisitions in Indiana: SBA loan data
Since FY2018, SBA lenders have approved 20 7(a) loans to buy an existing business classified as Insurance Agencies and Brokerages in Indiana, totaling $9.5M. The median loan was $425,000. That is 1.7% of the 1,158 acquisition loans in Indiana.
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How this compares
The median Insurance Agencies and Brokerages loan in Indiana is 18% lower than the $521,250 median for all Indiana acquisitions, and 41% lower 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 3.1% of seasoned Indiana acquisition loans of any type.
Insurance Agencies and Brokerages acquisition loans in Indiana by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 2 | $390K | $195,000 | |
| FY2020 | 3 | $1.1M | $332,800 | |
| FY2021 | 4 | $1.7M | $359,750 | |
| FY2022 | 3 | $835K | $309,000 | |
| FY2023 | 1 | $998K | $998,000 | |
| FY2024 | 1 | $580K | $580,000 | |
| FY2025 | 2 | $1.1M | $552,000 | |
| FY2026 | 4 | $2.9M | $780,500 |
How often do these acquisition loans fail?
Fewer than 20 Insurance Agencies and Brokerages in Indiana 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 | United Midwest Savings Bank National Association | 4 | 20.0% | $2.6M | |
| 2 | Mechanics and Farmers Bank | 4 | 20.0% | $1.2M | |
| 3 | Byline Bank | 2 | 10.0% | $1.3M | |
| 4 | German American Bank | 2 | 10.0% | $1M | |
| 5 | Centier Bank | 2 | 10.0% | $293K |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Allstate Home Inspection | 2 | 10.0% | $293K |
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Questions buyers ask
How much do SBA loans for Insurance Agencies and Brokerages acquisitions in Indiana run?
The median SBA 7(a) loan was $425,000 across 20 loans (FY2018 to FY2026), with the middle half between $248,125 and $703,500. 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 Indiana?
United Midwest Savings Bank National Association (4), Mechanics and Farmers Bank (4), Byline Bank (2), German American Bank (2), Centier Bank (2). 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 Indiana?
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 Indiana?
2 of the 20 loans (10%) involved a franchise brand, most often Allstate Home Inspection (2).
That draft favors the seller. We review it for the buyer, line by line.
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Related
- All Indiana acquisitions
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Small samples move a lot: each loan in this combination is 5% of the count. Industry is the NAICS code the lender recorded. See the methodology.