Finance & Insurance
SBA Lenders for Finance & Insurance
Top lenders ranked by real SBA lending data for finance & insurance nationwide.
What Borrowers Should Know
Finance & Insurance businesses are getting better loan terms than the national average. The median spread here is P+2.37%, which is 38 basis points lower than the national median of P+2.75%. This suggests lenders view this sector as lower-risk, meaning you may qualify for more competitive pricing than a typical small business borrower.
California dominates this lending market with 2,550 deals out of 3,317 total—that's 77% of all Finance & Insurance SBA loans. If you're located elsewhere, you may face fewer lender options and potentially less competition to bid for your business. The next two states (AZ and AL) combined only account for 661 deals.
Three lenders—Live Oak, Wells Fargo, and U.S. Bank—control 720 of the 3,317 deals (22% of the market). With 349 active lenders in this sector, the landscape looks competitive, but these three have built deep expertise in Finance & Insurance lending. Working with a specialist lender may streamline approval, though you should still shop your loan to ensure you get the P+2.37% median rate.
Total SBA Loans
19,547
Active Lenders
1,483
Avg Deal Size
$435K
Total Volume
$8.5B
Finance & Insurance SBA loans average $435K in deal size across 19,547 total loans. The median 7(a) spread in this segment is P + 2.32%.
Top Lenders for Finance & Insurance
Ranked by total deal count nationwide.
| # | Lender | Type | Deals | Avg Size | Spread | |
|---|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | Bank | 1,897 | $808K | P + 2.28%AVERAGE | |
| 2 | U.S. Bank, National Association | Bank | 908 | $306K | P + 1.76%GOOD | |
| 3 | The Huntington National Bank | Bank | 698 | $168K | P + 2.13%GOOD | |
| 4 | Wells Fargo Bank National Association | Bank | 676 | $427K | P + 2.77%ABOVE AVG | |
| 5 | JPMorgan Chase Bank, National Association | Bank | 547 | $251K | P + 2.65%AVERAGE | |
| 6 | TD Bank, National Association | Bank | 534 | $120K | P + 2.47%AVERAGE | |
| 7 | Byline Bank | Bank | 476 | $971K | P + 2.69%AVERAGE | |
| 8 | BayFirst National Bank | Bank | 459 | $175K | P + 3.24%ABOVE AVG | |
| 9 | Manufacturers and Traders Trust Company | Bank | 436 | $123K | P + 2.67%AVERAGE | |
| 10 | Celtic Bank Corporation | Bank | 320 | $141K | P + 2.75%AVERAGE | |
| 11 | Readycap Lending, LLC | Non-Bank | 299 | $346K | P + 3.89%HIGH | |
| 12 | PNC Bank, National Association | Bank | 273 | $157K | P + 2.65%AVERAGE | |
| 13 | United Midwest Savings Bank National Association | Bank | 243 | $855K | P + 2.68%AVERAGE | |
| 14 | Pathward National Association | Bank | 227 | $942K | P + 2.58%AVERAGE | |
| 15 | Northeast Bank | Bank | 210 | $138K | P + 2.93%ABOVE AVG |
Top States for Finance & Insurance
Where finance & insurance SBA lending is most active.