Franchise brands › Farmers Insurance Agent Appointment Agreement
Franchise brand95 approvals since FY2019
SBA loans to Farmers Insurance Agent Appointment Agreement franchises
Approvals SBA files under the brand's franchise code. The loans are to independent franchise owners; this page describes the brand in aggregate and no franchisee.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
Since FY2019, 95 SBA loan approvals worth $30.0M carry the Farmers Insurance Agent Appointment Agreement franchise code, 48 of them in FY2021 to FY2025.
In FY2025 there were 10. The average approval in the five-year window was $323K, and 12 of the approvals were 504 loans.
36 lenders made the FY2021 to FY2025 loans across 15 states; the most active were BancFirst (3), Success Capital Expansion & Development Corporation (2) and BayFirst National Bank (2).
Of loans approved in FY2010 to FY2021 and disbursed, SBA records 6.5% as charged off, close to the 6.0% for all SBA loans from those years. The figures describe loans to independent franchise owners, not the franchisor.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Loans by fiscal year
| Fiscal year | Approvals | Dollars approved | Average approval | of which 504 | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 7 | $3.3M | $478K | 4 | 22 |
| FY2025 | 10 | $3.9M | $389K | 0 | 38 |
| FY2024 | 2 | — | — | 2 | 3 |
| FY2023 | 8 | $2.6M | $322K | 3 | 29 |
| FY2022 | 15 | $4.0M | $267K | 3 | 61 |
| FY2021 | 13 | $4.4M | $339K | 4 | 55 |
| FY2020 | 24 | $6.2M | $257K | 7 | 80 |
| FY2019 | 16 | $5.0M | $314K | 3 | 52 |
| FY2018 | 0 | — | — | 0 | 0 |
| FY2017 | 0 | — | — | 0 | 0 |
| FY2016 | 0 | — | — | 0 | 0 |
SBA's franchise field lists the brand as "Farmers Insurance Agent Appointment Agreement". Codes SBA has used for the same brand name are added together.
Charge-off cohort rate
| Loans approved FY2010–FY2021 | Farmers Insurance Agent Appointment Agreement | All SBA loans |
|---|---|---|
| Approvals in these years | 53 | 725,496 |
| Cancelled or never disbursed | 7 | 91,827 |
| Disbursed loans | 46 | 633,669 |
| Paid in full | 21 | 471,304 |
| Charged off | 3 | 37,796 |
| Still outstanding (status exempt from disclosure) | 22 | 124,569 |
| Charged off, share of disbursed loans | 6.5% | 6.0% |
| Dollars charged off, share of disbursed dollars | 6.0% | 2.2% |
| Dollars charged off | $883K | $6.20bn |
Lenders
| # | Lender, FY2021–FY2025 | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | BancFirstOklahoma City, OK | 3 | $189K | 6.3% | |
| 2 | Success Capital Expansion & Development CorporationModesto, CA · CDC | 2 | — | 4.2% | |
| 3 | BayFirst National BankSaint Petersburg, FL | 2 | — | 4.2% | |
| 4 | Lendistry SBLC, LLCLos Angeles, CA | 2 | — | 4.2% | |
| 5 | MVB Bank, Inc.Fairmont, WV | 1 | — | 2.1% | |
| 6 | First Bank of Central OhioWorthington, OH | 1 | — | 2.1% | |
| 7 | U.S. Bank, National AssociationCincinnati, OH | 1 | — | 2.1% | |
| 8 | Regions BankBirmingham, AL | 1 | — | 2.1% | |
| 9 | Stellar BankHouston, TX | 1 | — | 2.1% | |
| 10 | Affinity Plus FCUSaint Paul, MN | 1 | — | 2.1% | |
| 11 | The American National Bank of TexasTerrell, TX | 1 | — | 2.1% | |
| 12 | Seacoast National BankStuart, FL | 1 | — | 2.1% | |
| 13 | California Statewide Certified Development CorporationDavis, CA · CDC | 1 | — | 2.1% | |
| 14 | Great Plains National BankElk City, OK | 1 | — | 2.1% | |
| 15 | Simmons BankPine Bluff, AR | 1 | — | 2.1% |
States
| # | State of the business, FY2021–FY2025 | Approvals | Share | |
|---|---|---|---|---|
| 1 | Texas | 11 | 22.9% | |
| 2 | California | 10 | 20.8% | |
| 3 | Oklahoma | 7 | 14.6% | |
| 4 | Missouri | 4 | 8.3% | |
| 5 | Colorado | 3 | 6.3% | |
| 6 | Minnesota | 3 | 6.3% | |
| 7 | Florida | 2 | 4.2% | |
| 8 | Arizona | 1 | 2.1% | |
| 9 | Tennessee | 1 | 2.1% | |
| 10 | Montana | 1 | 2.1% | |
| 11 | Utah | 1 | 2.1% | |
| 12 | Georgia | 1 | 2.1% | |
| 13 | Nevada | 1 | 2.1% | |
| 14 | New York | 1 | 2.1% | |
| 15 | Kansas | 1 | 2.1% |
Filed under
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Agencies, Brokerages, and Other Insurance Related ActivitiesNAICS 5242 | 47 | 97.9% | |
| 2 | Other Financial Investment ActivitiesNAICS 5239 | 1 | 2.1% |
Approval sizes
- $50,000 or less8.3%4
- $50,001 to $150,00025.0%12
- $150,001 to $350,00039.6%19
- $350,001 to $1 million20.8%10
- $1 million to $2 million6.3%3
Age of the businesses
- Existing, more than 2 years old60.4%29
- New business, 2 years or less22.9%11
- Startup, loan funds will open the business6.3%3
- Change of ownership10.4%5
Questions and answers
How many SBA loans go to Farmers Insurance Agent Appointment Agreement franchises?
95 approvals since FY2019, worth $30.0M; 48 in FY2021 to FY2025.
Which lenders make SBA loans for Farmers Insurance Agent Appointment Agreement franchises?
By approvals in FY2021 to FY2025: BancFirst (3), Success Capital Expansion & Development Corporation (2), BayFirst National Bank (2), Lendistry SBLC, LLC (2), MVB Bank, Inc. (1).
How large is a typical SBA loan for a Farmers Insurance Agent Appointment Agreement franchise?
The average approval in FY2021 to FY2025 was $323K.
What share of Farmers Insurance Agent Appointment Agreement SBA loans are charged off?
Of 46 disbursed loans approved in FY2010 to FY2021, 3 (6.5%) are recorded as charged off; for all SBA loans from those years the figure is 6.0%.
Are SBA loans to Farmers Insurance Agent Appointment Agreement franchises rising?
Approvals in the three latest complete fiscal years total 20, against 52 in the three before: falling (-62%).
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error