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.

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
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

Approvals by fiscal year

’10

’11

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’26

Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
44%
$50K - $150K
28%
$150K - $350K
12%
$350K - $1M
9%
$1M - $2M
4%
Over $2M
2%

Nearby

Other transportation industries

See the sector

General Freight Trucking, Long-Distance, Truckload16,409 · $53,000 Specialized Freight (except Used Goods) Trucking, Local3,193 · $65,000 Freight Transportation Arrangement2,161 · $150,000 Motor Vehicle Towing2,100 · $130,000 Specialized Freight (except Used Goods) Trucking, Long-Distance1,604 · $55,750 Used Household and Office Goods Moving1,498 · $150,000 Limousine Service1,190 · $50,000 General Freight Trucking, Long-Distance, Less Than Truckload963 · $50,000

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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