Finance & Insurance

30,084 SBA loans totaling $9.5B.

Total Loans
30,084
1991–2025
Total Volume
$9.5B
Gross approval amount
Avg Loan Size
$316K
Median: $116K
Default Rate
12.2%
Avg rate: 7.29%

Loan Status

Active21.1%
Paid in Full56.1%
Charged Off10.7%
Cancelled10.8%
Committed1%

Download Industry Data

Get the complete SBA loan summary for all 20 NAICS industry sectors as a CSV — including loan counts, volume, rates, and default data.

Finance & Insurance — Annual Lending Volume

Top States

Loan Size Distribution

Top Lenders for Finance & Insurance

LenderLoansVolumeAvg RateDefault Rate
Live Oak Banking Company1,909$1.6B6.73%0.5%
Byline Bank484$466.9M7.91%3.1%
Wells Fargo Bank National Association1,355$378.6M6.83%16.1%
U.S. Bank, National Association1,744$356.7M7.49%17.0%
Pathward National Association226$213.8M6.79%2.5%
United Midwest Savings Bank National Association244$208.5M7.62%3.1%
Readycap Lending, LLC426$173.0M10.95%7.7%
The Huntington National Bank879$144.3M6.83%4.2%
Bankwell Bank72$138.7M7.75%0.0%
JPMorgan Chase Bank, National Association1,110$113.5M7.73%22.2%
Bank of America, National Association1,362$102.2M6.73%32.0%
Newtek Bank, National Association187$95.2M11.49%0.9%
PNC Bank, National Association634$89.2M7.85%17.2%
Banc of California124$82.1M6.06%4.8%
BayFirst National Bank458$80.0M9.50%5.0%
Columbia Bank308$79.0M7.40%14.9%
TD Bank, National Association622$74.5M9.23%7.3%
BMO Bank National Association199$72.3M5.63%6.7%
Zions Bank, A Division of466$70.4M7.97%16.3%
Manufacturers and Traders Trust Company593$66.7M8.32%8.7%
Newtek Small Business Finance, Inc.147$65.4M6.92%1.0%
JPMORGAN CHASE BANK, NATIONAL ASSOCIATION118$63.2MN/A1.0%
Truist Bank165$60.8M6.08%6.7%
Enterprise Bank & Trust81$58.3M5.99%4.0%
First-Citizens Bank & Trust Company87$57.5M6.21%7.4%

Sub-Industries within Finance & Insurance

Sub-IndustryLoansVolumeAvg SizeDefault Rate
Insurance Agencies and Brokerages15,624$4.8B$307K7.4%
Investment Advice4,278$1.7B$403K8.5%
Mortgage and Nonmortgage Loan Brokers2,870$589.5M$205K41.8%
Portfolio Management606$221.8M$366K7.8%
Financial Transactions Processing, Reserve, and Clearinghouse Activiti399$200.5M$503K12.2%
Miscellaneous Financial Investment Activities580$184.1M$317K10.0%
Securities Brokerage331$157.3M$475K4.5%
All Other Insurance Related Activities712$142.1M$200K14.6%
Third Party Administration of Insurance and Pension Funds265$116.6M$440K7.4%
Real Estate Credit298$110.7M$372K30.0%
Claims Adjusting418$109.9M$263K9.9%
Miscellaneous Intermediation217$99.9M$460K8.3%
All Other Nondepository Credit Intermediation312$85.5M$274K12.3%
Other Activities Related to Credit Intermediation295$80.5M$273K18.4%
Trusts, Estates, and Agency Accounts61$52.3M$858K0.0%
Other Financial Vehicles120$50.4M$420K16.4%
Direct Property and Casualty Insurance Carriers322$50.0M$155K13.4%
Investment Banking and Securities Dealing133$44.8M$337K17.7%
Direct Title Insurance Carriers183$36.4M$199K25.6%
Direct Health and Medical Insurance Carriers153$34.6M$226K11.4%
Trust, Fiduciary, and Custody Activities76$33.7M$443K6.3%
Commodity Contracts Brokerage90$27.7M$308K12.0%
Other Direct Insurance (except Life, Health, and Medical) Carriers358$27.6M$77K31.8%
Sales Financing97$22.4M$231K23.2%
Direct Life Insurance Carriers164$16.4M$100K17.1%
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