Insurance Agencies and Brokerages acquisitions in Texas: SBA loan data
Since FY2018, SBA lenders have approved 108 7(a) loans to buy an existing business classified as Insurance Agencies and Brokerages in Texas, totaling $125M. The median loan was $783,550. That is 2.6% of the 4,080 acquisition loans in Texas.
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How Insurance Agencies and Brokerages in Texas compares
| Measure | Insurance Agencies and... | Texas, all industries | Insurance Agencies and..., nationwide | All acquisitions |
|---|---|---|---|---|
| Median loan | $783,550 | $870,000 | $720,000 | $645,250 |
| Middle half of loans | $468,225 to $1,282,000 | $384,025 to $1,883,250 | $350,000 to $1,323,125 | $283,000 to $1,465,000 |
| Average initial rate | 7.69% | 7.78% | 7.55% | 7.76% |
| Median term | 10 years | 10 years | 10 years | 10 years |
| Charge-off rate (seasoned loans) | 0.0% | 4.8% | 3.1% | 3.5% |
| Loans in sample | 108 | 4,080 | 832 | 48,902 |
The median for Insurance Agencies and Brokerages acquisition loans in Texas is $783,550, slightly below the $870,000 median for all Texas acquisitions, slightly above the $720,000 median for Insurance Agencies and Brokerages acquisitions nationwide and above the $645,250 median for all SBA-financed acquisitions nationally.
The middle half runs $468,225 to $1,282,000, 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 7.69%, in line with the 7.76% national average.
None of the seasoned loans were charged off, against 4.8% for all Texas acquisitions, 3.1% for Insurance Agencies and Brokerages acquisitions nationwide and 3.5% for all acquisition loans.
Loan size distribution
| Loan size | Insurance Agencies and... | All acquisitions |
|---|---|---|
| Under $350K | 20% | 30% |
| $350K to under $1M | 39% | 33% |
| $1M to under $2M | 28% | 19% |
| $2M and over | 13% | 17% |
Most Insurance Agencies and Brokerages acquisition loans in Texas (59%) were under $1M, and the largest single band is $350K to under $1M at 39%, 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 34% of Insurance Agencies and Brokerages acquisition loans in Texas, and the top three lenders together made 59%. 6 of the 26 lenders involved made three or more. A few banks carry most of the volume. That is a rough guide to how many banks have seen this kind of deal before.
Recent activity
In FY2025 and FY2026 combined, 27 Insurance Agencies and Brokerages acquisition loans in Texas were approved. That is 42% more than the 19 approved in FY2023 and FY2024. The median was $732,500, slightly below the $783,550 median across all years.
Insurance Agencies and Brokerages acquisition loans in Texas by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 3 | $4M | $1,124,000 | |
| FY2019 | 12 | $14.7M | $967,050 | |
| FY2020 | 15 | $15M | $638,700 | |
| FY2021 | 24 | $28.2M | $882,200 | |
| FY2022 | 8 | $4.5M | $525,000 | |
| FY2023 | 8 | $13.8M | $1,072,500 | |
| FY2024 | 11 | $12M | $820,000 | |
| FY2025 | 13 | $13.6M | $732,500 | |
| FY2026 | 14 | $19.6M | $763,300 |
How often do these acquisition loans fail?
Of the 54 Insurance Agencies and Brokerages in Texas acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), none have been charged off by the SBA. 35 have already been paid in full.
For comparison, Insurance Agencies and Brokerages in Texas has none charged off, against the 3.5% average across all SBA 7(a) acquisition loans in the same cohort. 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 | 37 | 34.3% | $31.1M | |
| 2 | United Midwest Savings Bank National Association | 15 | 13.9% | $15.3M | |
| 3 | Bankwell Bank | 12 | 11.1% | $20.5M | |
| 4 | Pathward National Association | 8 | 7.4% | $14M | |
| 5 | Byline Bank | 6 | 5.6% | $8.1M |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | TWFG Insurance Services | 5 | 4.6% | $1.7M | |
| 2 | Farmers Insurance | 3 | 2.8% | $1M | |
| 3 | Goosehead Insurance | 2 | 1.9% | $3.1M |
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Questions buyers ask
How much do SBA loans for Insurance Agencies and Brokerages acquisitions in Texas run?
The median SBA 7(a) loan was $783,550 across 108 loans (FY2018 to FY2026), with the middle half between $468,225 and $1,282,000. 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 Texas?
Live Oak Banking Company (37), United Midwest Savings Bank National Association (15), Bankwell Bank (12), Pathward National Association (8), Byline Bank (6). 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 Texas?
Of 54 seasoned loans (FY2018 to FY2021), none were charged off, against the 3.5% rate 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 Texas?
10 of the 108 loans (9%) involved a franchise brand, most often TWFG Insurance Services (5).
How much do you need down for an SBA loan to buy an Insurance Agencies and Brokerages business in Texas?
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 Texas was $783,550, and the middle half ran $468,225 to $1,282,000.
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 27 Insurance Agencies and Brokerages acquisition loans in Texas in FY2025 and FY2026.
Which banks make SBA loans for an Insurance Agencies and Brokerages business in Texas?
By loan count, FY2018 to FY2026: Live Oak Banking Company (37), United Midwest Savings Bank National Association (15), Bankwell Bank (12), Pathward National Association (8), Byline Bank (6). Live Oak Banking Company made 34% of Insurance Agencies and Brokerages acquisition loans in Texas. Counts show past approvals only and do not predict whether a lender will approve a particular deal.
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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 Texas: SBA acquisition loan data", https://sbaacquisitiondata.com/state/tx/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/tx/insurance-agencies-and-brokerages-524210.json.