Texas insurance agencies serve one of the largest insurance markets in the country. Whether you operate an independent agency, a captive office, or a specialty brokerage, there are government programs that may help with business acquisition, technology upgrades, workforce costs, and government group contracts.
SBA Lending Programs
SBA 7(a) Loans
SBA 7(a) loans are well suited for insurance agencies — whether you are buying a book of business, opening a new location, upgrading technology systems, or financing working capital. Loans up to $5 million with favorable terms compared to conventional commercial lending.
SBA 504 Loans
Insurance agencies purchasing their office building can use SBA 504 loans for long-term, fixed-rate financing with as little as 10% down. This is particularly useful for established agencies ready to own rather than lease.
Government Group Insurance Contracts
HUB Certification
Insurance agencies can get HUB certified for preferences on state employee benefit and insurance consulting contracts. Learn about HUB certification.
School District and Municipal Contracts
Texas school districts, cities, and counties regularly issue RFPs for group insurance brokerage and consulting services. Getting on vendor lists and responding to RFPs can provide significant recurring revenue for insurance agencies.
Workforce Programs
- WOTC hiring credits: Tax credits for hiring agents and staff from eligible target groups.
- Skills Development Fund: Training grants for licensing preparation, continuing education, and technology training through community college partnerships.
- Apprenticeship programs: Registered apprenticeships for insurance producer development.
Technology and Compliance
Insurance agencies investing in technology — CRM systems, digital quoting platforms, cybersecurity tools — may access energy efficiency rebates for office equipment, and agencies developing proprietary technology tools may qualify for R&D tax credits.
Find Programs That May Fit Your Business
Not sure which programs may fit your business? Our free screening report checks your business against 150+ verified programs — grants, tax credits, loans, and incentives — and shows you which ones may match. Start your free screening →