Insurance Agencies and Brokerages acquisitions in Oklahoma: SBA loan data
Since FY2018, SBA lenders have approved 24 7(a) loans to buy an existing business classified as Insurance Agencies and Brokerages in Oklahoma, totaling $19.4M. The median loan was $721,500. That is 4.7% of the 510 acquisition loans in Oklahoma.
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How this compares
The median Insurance Agencies and Brokerages loan in Oklahoma is 7% higher than the $672,750 median for all Oklahoma acquisitions, and in line with 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 3.7% of seasoned Oklahoma acquisition loans of any type.
Insurance Agencies and Brokerages acquisition loans in Oklahoma by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $2.2M | $1,119,100 | |
| FY2019 | 2 | $642K | $321,000 | |
| FY2020 | 2 | $1.7M | $852,500 | |
| FY2021 | 5 | $5.3M | $1,025,000 | |
| FY2022 | 7 | $3.6M | $486,000 | |
| FY2023 | 1 | $1.2M | $1,163,700 | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 2 | $1.3M | $631,000 | |
| FY2026 | 3 | $3.5M | $890,000 |
How often do these acquisition loans fail?
Fewer than 20 Insurance Agencies and Brokerages in Oklahoma 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 | 7 | 29.2% | $7.1M | |
| 2 | BancFirst | 3 | 12.5% | $825K | |
| 3 | Mechanics and Farmers Bank | 2 | 8.3% | $1.7M | |
| 4 | SpiritBank | 2 | 8.3% | $671K | |
| 5 | Legacy Bank | 2 | 8.3% | $507K |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Farmers Insurance | 1 | 4.2% | $99K |
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Questions buyers ask
How much do SBA loans for Insurance Agencies and Brokerages acquisitions in Oklahoma run?
The median SBA 7(a) loan was $721,500 across 24 loans (FY2018 to FY2026), with the middle half between $258,150 and $1,043,750. 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 Oklahoma?
Live Oak Banking Company (7), BancFirst (3), Mechanics and Farmers Bank (2), SpiritBank (2), Legacy 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 Oklahoma?
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 Oklahoma?
1 of the 24 loans (4%) involved a franchise brand, most often Farmers Insurance (1).
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Related
- All Oklahoma acquisitions
- 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 4% of the count. Industry is the NAICS code the lender recorded. See the methodology.