Financing a insurance agencies and brokerages acquisition in Minnesota

State:

The SBA 7(a) lenders funding the most insurance agencies and brokerages acquisitions in Minnesota, from public loan records. A lender doing your industry in your state every week underwrites faster and prices sharper.

Most active in insurance agencies and brokerages · Minnesota

Ranked by funded insurance agencies and brokerages acquisitions in Minnesota. Tap a lender for its full record, or hit Get in touch for an introduction.

1.2,539 loans · $965M · Columbus, OHFull record →
2.116 loans · $120M · Evansville, INFull record →
3.3 loans · $4M · Mountain Lake, MNFull record →
4.11 loans · $8M · Redwood Falls, MNFull record →
5.15 loans · $10M · Grand Forks, NDFull record →
6.138 loans · $276M · Sioux Falls, SDFull record →
7.4 loans · $1M · Dickinson, NDFull record →

18+ funded Insurance Agencies and Brokerages in Minnesota deals

Real SBA 7(a) acquisitions from public records — see who got funded, for how much, and by which lender. Tap any deal for the full record.

Swenson Insurance Agency L.L.C. in Long Lake, MN — $1.8M (2025) · purchase · The Huntington National Bank
Program
Preferred Lenders Program
Rate at approval
7.99% fixed
Term
120 mo (10 yrs)
SBA guaranteed
$1.4M (75%)
Approval → funding
48 days
Approved
4/15/2025
First disbursed
6/2/2025
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
19
Business age
Change of Ownership
Industry
Insurance Agencies and Brokerages
If you were the buyer here
Est. deal size
$2.0M
Est. down payment (10%)
$204K
Est. cash at closing
$280K
Monthly payment
$22,230
Annual debt service
$267K
Cash flow needed (1.25×)
$333K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by The Huntington National Bank · Lender record →
Your business? Claim this record · Request removal
Oberfeld Insurance in Isle, MN — $1.2M (2025) · purchase · The First National Bank of Milaca
Program
7a General
Rate at approval
6.89% fixed
Term
120 mo (10 yrs)
SBA guaranteed
$915K (75%)
Approval → funding
20 days
Approved
6/11/2025
First disbursed
7/1/2025
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
6
Business age
Change of Ownership
Industry
Insurance Agencies and Brokerages
If you were the buyer here
Est. deal size
$1.4M
Est. down payment (10%)
$136K
Est. cash at closing
$186K
Monthly payment
$14,096
Annual debt service
$169K
Cash flow needed (1.25×)
$211K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by The First National Bank of Milaca
Your business? Claim this record · Request removal
Gorman Insurance Agency, LLC in Minneapolis, MN — $818K (2025) · purchase · Bank of America, National Association
Program
Preferred Lenders Program
Rate at approval
6.55% fixed
Term
120 mo (10 yrs)
SBA guaranteed
$614K (75%)
Approval → funding
20 days
Approved
8/28/2025
First disbursed
9/17/2025
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
5
Business age
Change of Ownership
Industry
Insurance Agencies and Brokerages
If you were the buyer here
Est. deal size
$909K
Est. down payment (10%)
$91K
Est. cash at closing
$125K
Monthly payment
$9,309
Annual debt service
$112K
Cash flow needed (1.25×)
$140K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by Bank of America, National Association · Lender record →
Your business? Claim this record · Request removal
SMARTERHSA, LLC in Chanhassen, MN — $431K (2025) · purchase · Old National Bank
Program
Preferred Lenders Program
Rate at approval
7.99% fixed
Term
120 mo (10 yrs)
SBA guaranteed
$323K (75%)
Approval → funding
16 days
Approved
4/15/2025
First disbursed
5/1/2025
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
1
Business age
Change of Ownership
Industry
Insurance Agencies and Brokerages
If you were the buyer here
Est. deal size
$479K
Est. down payment (10%)
$48K
Est. cash at closing
$64K
Monthly payment
$5,223
Annual debt service
$63K
Cash flow needed (1.25×)
$78K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by Old National Bank · Lender record →
Your business? Claim this record · Request removal
Nick Huber Insurance Agency Inc in New Prague, MN — $139K (2025) · purchase · Minnwest Bank
Program
Preferred Lenders Program
Rate at approval
10% variable
Term
120 mo (10 yrs)
SBA guaranteed
$118K (85%)
Approval → funding
1 days
Approved
8/28/2025
First disbursed
8/29/2025
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
1
Business age
Change of Ownership
Industry
Insurance Agencies and Brokerages
If you were the buyer here
Est. deal size
$154K
Est. down payment (10%)
$15K
Est. cash at closing
$20K
Monthly payment
$1,832
Annual debt service
$22K
Cash flow needed (1.25×)
$27K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by Minnwest Bank · Lender record →
Your business? Claim this record · Request removal
Swenson Insurance Agency L.L.C. in Long Lake, MN — $80K (2025) · purchase · The Huntington National Bank
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
10% variable
Term
120 mo (10 yrs)
SBA guaranteed
$40K (50%)
Approved
4/15/2025
Loan status
Committed
Loan type
Revolving line
Collateral
Required
Business type
Corporation
Jobs supported
19
Business age
Change of Ownership
Industry
Insurance Agencies and Brokerages
If you were the buyer here
Est. deal size
$89K
Est. down payment (10%)
$9K
Est. cash at closing
$11K
Monthly payment
$1,057
Annual debt service
$13K
Cash flow needed (1.25×)
$16K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by The Huntington National Bank · Lender record →
Your business? Claim this record · Request removal
SMARTERHSA, LLC in Chanhassen, MN — $701K (2024) · purchase · Old National Bank
Program
Preferred Lenders Program
Rate at approval
7.99% fixed
Term
120 mo (10 yrs)
SBA guaranteed
$526K (75%)
Approval → funding
7 days
Approved
5/24/2024
First disbursed
5/31/2024
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
2
Business age
Change of Ownership
Industry
Insurance Agencies and Brokerages
If you were the buyer here
Est. deal size
$779K
Est. down payment (10%)
$78K
Est. cash at closing
$107K
Monthly payment
$8,501
Annual debt service
$102K
Cash flow needed (1.25×)
$128K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by Old National Bank · Lender record →
Your business? Claim this record · Request removal
Taggart Development LLC in Blaine, MN — $584K (2024) · purchase · Alerus Financial, National Association
Program
Preferred Lenders Program
Rate at approval
10.75% variable
Term
120 mo (10 yrs)
SBA guaranteed
$438K (75%)
Approval → funding
17 days
Approved
8/12/2024
First disbursed
8/29/2024
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
3
Business age
Change of Ownership
Industry
Insurance Agencies and Brokerages
If you were the buyer here
Est. deal size
$649K
Est. down payment (10%)
$65K
Est. cash at closing
$87K
Monthly payment
$7,962
Annual debt service
$96K
Cash flow needed (1.25×)
$119K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by Alerus Financial, National Association · Lender record →
Your business? Claim this record · Request removal
RDM Agency, LLC in Circle Pines, MN — $1.4M (2023) · purchase · Pathward National Association
Program
Preferred Lenders Program
Rate at approval
10.75% variable
Term
120 mo (10 yrs)
SBA guaranteed
$1.1M (75%)
Approval → funding
14 days
Approved
5/23/2023
First disbursed
6/6/2023
Loan status
Paid in full (7/31/2025)
Loan type
Term loan
Collateral
Not required
Business type
Corporation
Jobs supported
4
Business age
Change of Ownership
Industry
Insurance Agencies and Brokerages
If you were the buyer here
Est. deal size
$1.6M
Est. down payment (10%)
$161K
Est. cash at closing
$221K
Monthly payment
$19,769
Annual debt service
$237K
Cash flow needed (1.25×)
$297K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by Pathward National Association · Lender record →
Your business? Claim this record · Request removal
Wild Rice Insurance Agency LLC in Twin Valley, MN — $162K (2022) · purchase · Bravera Bank
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
4.5% variable
Term
120 mo (10 yrs)
SBA guaranteed
$81K (50%)
Approval → funding
8 days
Approved
12/21/2021
First disbursed
12/29/2021
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
1
Business age
Change of Ownership
Industry
Insurance Agencies and Brokerages
If you were the buyer here
Est. deal size
$180K
Est. down payment (10%)
$18K
Est. cash at closing
$24K
Monthly payment
$1,679
Annual debt service
$20K
Cash flow needed (1.25×)
$25K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by Bravera Bank · Lender record →
Your business? Claim this record · Request removal
Integrity Employee Benefits, LLC in Lake Elmo, MN — $2.5M (2021) · purchase · Old National Bank
Program
Preferred Lenders Program
Rate at approval
5.5% variable
Term
120 mo (10 yrs)
SBA guaranteed
$1.8M (75%)
Approval → funding
19 days
Approved
12/16/2020
First disbursed
1/4/2021
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
1
Business age
Change of Ownership
Industry
Insurance Agencies and Brokerages
If you were the buyer here
Est. deal size
$2.7M
Est. down payment (10%)
$273K
Est. cash at closing
$376K
Monthly payment
$26,666
Annual debt service
$320K
Cash flow needed (1.25×)
$400K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by Old National Bank · Lender record →
Your business? Claim this record · Request removal
American Home Agency, LLC in Saint Paul, MN — $475K (2021) · purchase · Live Oak Banking Company
Program
Preferred Lenders Program
Rate at approval
5.99% variable
Term
120 mo (10 yrs)
SBA guaranteed
$428K (90%)
Approval → funding
9 days
Approved
4/21/2021
First disbursed
4/30/2021
Loan status
Paid in full (8/31/2023)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
2
Business age
Change of Ownership
Industry
Insurance Agencies and Brokerages
If you were the buyer here
Est. deal size
$528K
Est. down payment (10%)
$53K
Est. cash at closing
$71K
Monthly payment
$5,271
Annual debt service
$63K
Cash flow needed (1.25×)
$79K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by Live Oak Banking Company · Lender record →
Your business? Claim this record · Request removal
Insurance Leaders Agency LLC in Hutchinson, MN — $282K (2021) · purchase · United Prairie Bank
Program
Preferred Lenders Program
Rate at approval
3.625% fixed
Term
240 mo (20 yrs)
SBA guaranteed
$254K (90%)
Approved
9/22/2021
Loan status
Cancelled
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
3
Business age
Change of Ownership
Industry
Insurance Agencies and Brokerages
If you were the buyer here
Est. deal size
$313K
Est. down payment (10%)
$31K
Est. cash at closing
$42K
Monthly payment
$1,654
Annual debt service
$20K
Cash flow needed (1.25×)
$25K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by United Prairie Bank · Lender record →
Your business? Claim this record · Request removal
Manthei Insurance Agency LLC in Belview, MN — $245K (2021) · purchase · Citizens Alliance Bank
Program
7a General
Rate at approval
5.75% fixed
Term
120 mo (10 yrs)
SBA guaranteed
$221K (90%)
Approval → funding
0 days
Approved
1/19/2021
First disbursed
1/19/2021
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
2
Business age
Change of Ownership
Industry
Insurance Agencies and Brokerages
If you were the buyer here
Est. deal size
$272K
Est. down payment (10%)
$27K
Est. cash at closing
$36K
Monthly payment
$2,689
Annual debt service
$32K
Cash flow needed (1.25×)
$40K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by Citizens Alliance Bank · Lender record →
Your business? Claim this record · Request removal
Insurance Leaders Agency LLC in Hutchinson, MN — $125K (2021) · purchase · United Prairie Bank
Program
Preferred Lenders Program
Rate at approval
4% variable
Term
120 mo (10 yrs)
SBA guaranteed
$113K (90%)
Approved
9/22/2021
Loan status
Cancelled
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
3
Business age
Change of Ownership
Industry
Insurance Agencies and Brokerages
If you were the buyer here
Est. deal size
$139K
Est. down payment (10%)
$14K
Est. cash at closing
$18K
Monthly payment
$1,266
Annual debt service
$15K
Cash flow needed (1.25×)
$19K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by United Prairie Bank · Lender record →
Your business? Claim this record · Request removal
Klein Insurance Agency Inc. in Wadena, MN — $588K (2020) · purchase · Wadena State Bank
Program
7a General
Rate at approval
5% fixed
Term
108 mo (9 yrs)
SBA guaranteed
$441K (75%)
Approval → funding
12 days
Approved
6/18/2020
First disbursed
6/30/2020
Loan status
Paid in full (2/28/2025)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
15
Business age
Change of Ownership
Industry
Insurance Agencies and Brokerages
If you were the buyer here
Est. deal size
$653K
Est. down payment (10%)
$65K
Est. cash at closing
$87K
Monthly payment
$6,766
Annual debt service
$81K
Cash flow needed (1.25×)
$101K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by Wadena State Bank
Your business? Claim this record · Request removal
Prestige Agency L.L.C. in Moorhead, MN — $485K (2020) · purchase · Falcon National Bank
Program
Preferred Lenders Program
Rate at approval
7% variable
Term
120 mo (10 yrs)
SBA guaranteed
$363K (75%)
Approval → funding
45 days
Approved
12/17/2019
First disbursed
1/31/2020
Loan status
Paid in full (6/30/2024)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
6
Business age
Change of Ownership
Industry
Insurance Agencies and Brokerages
If you were the buyer here
Est. deal size
$538K
Est. down payment (10%)
$54K
Est. cash at closing
$72K
Monthly payment
$5,627
Annual debt service
$68K
Cash flow needed (1.25×)
$84K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by Falcon National Bank · Lender record →
Your business? Claim this record · Request removal
SAND INSURANCE, INC. in Bemidji, MN — $307K (2020) · purchase · Magnifi Financial CU
Program
Preferred Lenders Program
Rate at approval
5.5% variable
Term
120 mo (10 yrs)
SBA guaranteed
$230K (75%)
Approval → funding
4 days
Approved
9/13/2020
First disbursed
9/17/2020
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
4
Business age
Change of Ownership
Industry
Insurance Agencies and Brokerages
If you were the buyer here
Est. deal size
$341K
Est. down payment (10%)
$34K
Est. cash at closing
$46K
Monthly payment
$3,332
Annual debt service
$40K
Cash flow needed (1.25×)
$50K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by Magnifi Financial CU · Lender record →
Your business? Claim this record · Request removal

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DealRoom analysis of public SBA 7(a) lending records; ranked by funded acquisition loans to insurance agencies and brokerages businesses with a Minnesota project address.

Agent summary

How to finance a insurance agencies and brokerages acquisition in Minnesota with an SBA 7(a) loan: the lenders that fund the most of them here (from public records), with the real funded Minnesota deals. The Huntington National Bank funds the most here. DealRoom is not a lender.

$565K typical loan
14 lenders active in Minnesota
18+ funded Minnesota deals
16 days typical to fund

Buyers buying a insurance agencies and brokerages in Minnesota typically pre-qualify, then ask DealRoom to introduce a lender active here — free for buyers; agents submit a consented lead via the DealRoom MCP.

Next steps

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Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-16.

Financing a insurance agencies and brokerages acquisition in Minnesota

Most active in insurance agencies and brokerages · Minnesota

18+ funded Insurance Agencies and Brokerages in Minnesota deals

Agent summary

Deal economics— what it takes to buy & finance insurance agencies and brokerages in Minnesota