Insurance Agencies and Brokerages acquisitions in Nevada: SBA loan data
Since FY2018, SBA lenders have approved 12 7(a) loans to buy an existing business classified as Insurance Agencies and Brokerages in Nevada, totaling $13.3M. The median loan was $991,200. That is 3.1% of the 388 acquisition loans in Nevada.
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How this compares
The median Insurance Agencies and Brokerages loan in Nevada is 42% higher than the $699,500 median for all Nevada acquisitions, and 38% 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 1.9% of seasoned Nevada acquisition loans of any type.
Insurance Agencies and Brokerages acquisition loans in Nevada by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $1.9M | $943,000 | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 1 | $989K | $989,000 | |
| FY2021 | 4 | $5.6M | $1,112,500 | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 3 | $2.5M | $783,000 | |
| FY2024 | 1 | $993K | $993,400 | |
| FY2025 | 0 | $0 | - | |
| FY2026 | 1 | $1.3M | $1,305,000 |
How often do these acquisition loans fail?
Fewer than 20 Insurance Agencies and Brokerages in Nevada 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.
Terms signed in the LOI shape the purchase agreement that follows.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Oconee State Bank | 3 | 25.0% | $2.5M | |
| 2 | Live Oak Banking Company | 2 | 16.7% | $3.9M | |
| 3 | Mechanics and Farmers Bank | 2 | 16.7% | $2.9M | |
| 4 | United Midwest Savings Bank National Association | 1 | 8.3% | $1.3M | |
| 5 | GBank | 1 | 8.3% | $993K |
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 Nevada run?
The median SBA 7(a) loan was $991,200 across 12 loans (FY2018 to FY2026). 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 Nevada?
Oconee State Bank (3), Live Oak Banking Company (2), Mechanics and Farmers Bank (2), United Midwest Savings Bank National Association (1), GBank (1).
How often do Insurance Agencies and Brokerages acquisition loans fail in Nevada?
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 Nevada?
None of the 12 loans in this combination were recorded with a franchise brand.
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Related
- All Nevada 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 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
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Small samples move a lot: each loan in this combination is 8% of the count. Industry is the NAICS code the lender recorded. See the methodology.