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NAICS 484110 · Transportation
SBA loans for general freight trucking, local
13,654 SBA loans worth $3.24B have been approved in this industry since FY2010 - the #15 most-financed NAICS code in the country.
Median loan
$50,900
-72% vs all industries
Typical range
$15K-$640K
Middle 80%
Median rate
7.00%
7(a) initial note rate
Median term
7 yr
Charge-off rate
8.5%
vs 7.6% all industries
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
Lenders
Most active in this industry
| Lender | Loans | Approved | Share |
|---|---|---|---|
| The Huntington National Bank | 3,076 | $266.2M | |
| Celtic Bank Corporation | 202 | $194.9M | |
| Readycap Lending, LLC | 131 | $120.0M | |
| Wells Fargo Bank | 845 | $86.2M | |
| JPMorgan Chase Bank | 927 | $82.5M | |
| CDC Small Business Finance Corp. | 54 | $67.1M | |
| Newtek Small Business Finance, Inc. | 87 | $61.4M | |
| U.S. Bank | 457 | $53.2M | |
| Business Finance Capital | 34 | $50.6M | |
| Enterprise Bank & Trust | 40 | $47.3M |
Geography
Where these loans were made
| State | Loans | Share |
|---|---|---|
| Ohio | 1,642 | |
| California | 1,624 | |
| Michigan | 1,221 | |
| Illinois | 824 | |
| Texas | 782 | |
| New York | 568 | |
| New Jersey | 540 | |
| Indiana | 537 |
An SBA 7(a) lender for loans this size
84% of the SBA loans approved in general freight trucking, local since FY2010 were under $350,000. SmartBiz makes SBA 7(a) loans up to $500,000. It is shown here as a separate, labelled option, outside the data rankings on this page. You apply on their site - we do not take applications and never see your information.
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Approvals by fiscal year
Loan count. Final bar is a partial fiscal year.
Loan sizes
- Under $50K44%
- $50K - $150K28%
- $150K - $350K12%
- $350K - $1M9%
- $1M - $2M4%
- Over $2M2%
Franchise brands in General Freight Trucking, Local
| Franchise brand | Loans | Approved | Share |
|---|---|---|---|
| Fedex Ground | 66 | $14.8M | |
| Two Men and a Truck | 30 | $12.9M | |
| College Hunks Hauling Junk, College Hunks Moving, College Hunks Hauling Junk & Moving | 12 | $4.1M | |
| Fedex | 8 | $945K | |
| The UPS Store | 2 | $439K | |
| Kumon | 2 | $2.1M | |
| Napa AutoCare Program Membership Agreement | 2 | $680K | |
| Snap-On | 2 | $120K | |
| Matco Tools | 1 | $40K | |
| College Hunks Hauling Junk | 1 | $175K |
Brands with the most SBA loans recorded under this NAICS code, among brands with at least 10 loans in the file.
Nearby
Other transportation industries
Common questions
- How much do SBA lenders typically lend to a general freight trucking, local business?
- The median SBA approval in NAICS 484110 is $50,900, with the middle 80% of loans between $15,000 and $640,000. Across all industries the median is $180,000.
- Which lenders are most active in general freight trucking, local?
- By dollars approved: The Huntington National Bank, Celtic Bank Corporation, Readycap Lending, LLC, Wells Fargo Bank, JPMorgan Chase Bank. A lender's experience in your NAICS code matters - underwriters who have seen a hundred deals like yours ask better questions and move faster.
- Is general freight trucking, local considered a risky industry by SBA lenders?
- Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 8.5% were charged off, versus 7.6% across all SBA lending. That is close to average.
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