SBA loan outcome check · industry · SBA data as of 30 September 2026

How have SBA loans in Insurance Agencies and Brokerages turned out?

Of 9,675 loans approved in fiscal 2000 to 2021 (at least five years old), 941 (9.7%) were charged off by the lender, against 15.6% across all 7(a) loans approved in those same years. Insurance Agencies and Brokerages appears on 12,532 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2026, $3.8 billion in gross approvals. These are loans, not a rating.
Not financial, legal or franchise advice. This page reports what the SBA's loan file records for SBA-guaranteed loans. A charge-off rate is not a rating of a brand or an industry, it does not predict a new loan, and a franchisee's loan is not a measure of the franchisor. Read the franchise's disclosure document and talk to a lender or an adviser before you borrow.
Insurance Agencies and BrokeragesIndustry NAICS 524210 · 12,532 loans
10%of seasoned loans charged off
  1. Insurance Agencies and Brokerages appears on 12,532 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2026, $3.8 billion in gross approvals.
  2. Of 9,675 loans approved in fiscal 2000 to 2021 (at least five years old), 941 (9.7%) were charged off by the lender, against 15.6% across all 7(a) loans approved in those same years.
  3. A charge-off is a loan the lender wrote off. It is not a statement about the borrower, the brand or the franchisor, and it does not predict how a new loan will turn out.
0%29%Fiscal 2000: 9 of 261 loans charged off (3.4%)Fiscal 2001: 5 of 174 loans charged off (2.9%)Fiscal 2002: 9 of 255 loans charged off (3.5%)Fiscal 2003: 32 of 385 loans charged off (8.3%)Fiscal 2004: 62 of 466 loans charged off (13.3%)Fiscal 2005: 107 of 558 loans charged off (19.2%)Fiscal 2006: 172 of 610 loans charged off (28.2%)Fiscal 2007: 186 of 631 loans charged off (29.5%)Fiscal 2008: 99 of 433 loans charged off (22.9%)Fiscal 2009: 28 of 325 loans charged off (8.6%)Fiscal 2010: 26 of 368 loans charged off (7.1%)Fiscal 2011: 12 of 364 loans charged off (3.3%)Fiscal 2012: 5 of 311 loans charged off (1.6%)Fiscal 2013: 7 of 320 loans charged off (2.2%)Fiscal 2014: 7 of 365 loans charged off (1.9%)Fiscal 2015: 18 of 423 loans charged off (4.3%)Fiscal 2016: 30 of 504 loans charged off (6.0%)Fiscal 2017: 25 of 521 loans charged off (4.8%)Fiscal 2018: 42 of 645 loans charged off (6.5%)Fiscal 2019: 27 of 519 loans charged off (5.2%)Fiscal 2020: 21 of 549 loans charged off (3.8%)Fiscal 2021: 12 of 688 loans charged off (1.7%)20002002200420062008201020122014201620182020
share of this group's loans charged off, by approval year (years with 10+ loans)all 7(a) loans, same year

Every approval year

Approval yearLoansApprovedPaid in fullCharged offNot yet resolvedCharged-off share
FY2000261$58.4 million252903.4%
FY2001174$33.6 million169502.9%
FY2002255$41.8 million245913.5%
FY2003385$42.4 million3533208.3%
FY2004466$62.9 million40262213.3%
FY2005558$61.6 million446107519.2%
FY2006610$64.3 million432172628.2%
FY2007631$56.2 million442186329.5%
FY2008433$51.7 million32999522.9%
FY2009325$37.0 million2962818.6%
FY2010368$62.4 million3392637.1%
FY2011364$103.3 million3451273.3%
FY2012311$102.9 million297591.6%
FY2013320$105.3 million2987152.2%
FY2014365$88.4 million3347241.9%
FY2015423$116.1 million38818174.3%
FY2016504$177.4 million43430406.0%
FY2017521$187.5 million41525814.8%
FY2018645$214.7 million434421696.5%
FY2019519$182.9 million357271355.2%
FY2020549$289.1 million351211773.8%
FY2021688$446.3 million337123391.7%
FY2022567$245.7 million21112344too recent for a share
FY2023499$247.5 million12114364too recent for a share
FY2024636$242.4 million975534too recent for a share
FY2025713$280.5 million412670too recent for a share
FY2026442$233.4 million00442too recent for a share

By state, where 30 or more loans are at least five years old

StateLoans (FY2000 to 2021)Charged offShare
California1,20014712.3%
Texas895889.8%
Florida6748412.5%
New York541488.9%
Ohio4024310.7%
Pennsylvania400317.8%
Illinois3223611.2%
Michigan285176.0%
Massachusetts285155.3%
Arizona2833311.7%
Minnesota281124.3%
Georgia2363213.6%

US Small Business Administration, 7(a) FOIA loan data as of 30 September 2026. SBA-guaranteed 7(a) loans only, aggregated; no borrower or lender is shown. SBA open data.

Where can you go from this record?

Open it in the check to search another brand or industry. Before you borrow for a business in this industry, read the FTC consumer guide to buying a franchise, the SBA guide to buying a franchise and SBA Lender Match.

Compiled and checked by Vincent Wesley Couey (ORCID 0009-0005-6869-308X) from the SBA 7(a) FOIA loan data, as of 30 September 2026. Not an official source.

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