Lending data
Who lends to finance and insurance businesses, state by state
3,414 SBA 7(a) loans to finance and insurance businesses across 37 states, with the most active lender and the median loan in each.
Short answer
3,414 SBA 7(a) loans went to finance and insurance businesses across 37 states with enough volume to report. Pick your state below to see which lenders actually funded them.
By state
Only states with at least 20 loans are listed, because below that the figures are noise rather than signal. Computed from SBA 7(a) loan-level FOIA data released 2026-06-30.
| State | Loans | Median loan | Startup share | Most active lender |
|---|---|---|---|---|
| Florida | 412 | $150,000 | 16% | TD Bank |
| California | 351 | $267,000 | 12% | Live Oak Banking Company |
| Texas | 326 | $250,000 | 18% | Live Oak Banking Company |
| New York | 253 | $150,000 | 16% | TD Bank |
| Ohio | 136 | $150,000 | 24% | The Huntington National Bank |
| Michigan | 134 | $194,500 | 16% | The Huntington National Bank |
| Pennsylvania | 118 | $150,000 | 20% | Live Oak Banking Company |
| Illinois | 109 | $150,000 | 27% | The Huntington National Bank |
| New Jersey | 105 | $125,000 | 18% | TD Bank |
| Colorado | 103 | $345,000 | 14% | Live Oak Banking Company |
| Georgia | 101 | $250,000 | 15% | Byline Bank |
| Minnesota | 86 | $200,000 | 22% | U.S. Bank |
| Arizona | 74 | $275,000 | 19% | Newtek Bank |
| North Carolina | 70 | $251,500 | 21% | Live Oak Banking Company |
| Massachusetts | 69 | $150,000 | 10% | Eastern Bank |
| Indiana | 66 | $153,000 | 24% | The Huntington National Bank |
| Missouri | 66 | $163,750 | 14% | U.S. Bank |
| Utah | 65 | $150,000 | 17% | Mountain America FCU |
| Washington | 64 | $150,000 | 20% | U.S. Bank |
| Maryland | 58 | $112,500 | 17% | Manufacturers and Traders Trust Company |
| Oregon | 58 | $127,500 | 16% | Columbia Bank |
| Tennessee | 57 | $205,000 | 19% | Live Oak Banking Company |
| South Carolina | 55 | $150,000 | 22% | TD Bank |
| Connecticut | 45 | $145,000 | 11% | Manufacturers and Traders Trust Company |
| Alabama | 44 | $194,600 | 27% | Live Oak Banking Company |
| Oklahoma | 44 | $263,000 | 25% | Live Oak Banking Company |
| Nevada | 42 | $352,000 | 24% | U.S. Bank |
| Louisiana | 39 | $284,400 | 18% | Live Oak Banking Company |
| Wisconsin | 37 | $184,500 | 32% | Associated Bank |
| Virginia | 36 | $150,000 | 22% | Manufacturers and Traders Trust Company |
| Kansas | 33 | $259,500 | 21% | Byline Bank |
| Mississippi | 33 | $150,000 | 18% | Newtek Bank |
| Kentucky | 32 | $213,900 | 16% | U.S. Bank |
| Nebraska | 26 | $150,000 | 23% | First State Bank Nebraska |
| Arkansas | 23 | $103,500 | 39% | Readycap Lending, LLC |
| New Hampshire | 23 | $200,000 | 9% | TD Bank |
| Idaho | 21 | $250,000 | 29% | U.S. Bank |
What 7(a) lending to finance and insurance businesses looks like nationally
| Measure | Finance and insurance | All 7(a) borrowers |
|---|---|---|
| Loans approved, fiscal years 2023 to 2026, using data released June 2026 | 3,552 | 214,102 |
| Median loan | $184,500 | $150,000 |
| 25th - 75th percentile | $80,000 - $499,900 | $50,000 - $500,000 |
| Median term | 10 years | 10 years |
| Median initial rate | 10.25% | 10.25% |
| Share to startups | 18.3% | 33.6% |
| Charge-off rate, FY2010-19 | 4.2% | 7.1% |
| Jobs supported | 18,512 | 2,142,602 |
Reading those figures against all 7(a) borrowers:
- Loans here run larger than average. The median of $184,500 is 23% above the $150,000 national median. Expect lenders in this market to be geared toward bigger deals, and expect a small request to get less attention.
- This is a hard market for new businesses. Only 18% of these loans went to startups, against 34% nationally. If you are pre-revenue, work from the startup table below rather than the main list.
- This market has performed well. Its FY2010-2019 charge-off rate of 4.2% is below the 7.1% overall figure, which is part of why lenders compete for it.
How to use this
Open your state, shortlist three lenders whose median loan is close to what you need, then read choosing an SBA lender before you call.