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NAICS 484220 · Transportation
SBA loans for specialized freight (except used goods) trucking, local
3,193 SBA loans worth $738.9M have been approved in this industry since FY2010 - the #77 most-financed NAICS code in the country.
Median loan
$65,000
-64% vs all industries
Typical range
$15K-$500K
Middle 80%
Median rate
7.00%
7(a) initial note rate
Median term
7 yr
Charge-off rate
10.0%
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 | 498 | $52.8M | |
| Commerce Bank | 15 | $34.4M | |
| Wells Fargo Bank | 302 | $27.5M | |
| Newtek Small Business Finance, Inc. | 22 | $21.3M | |
| U.S. Bank | 72 | $21.2M | |
| Columbia Bank | 56 | $15.1M | |
| SouthState Bank | 10 | $13.7M | |
| JPMorgan Chase Bank | 114 | $13.1M | |
| Live Oak Banking Company | 10 | $10.6M | |
| TD Bank | 164 | $9.2M |
Geography
Where these loans were made
| State | Loans | Share |
|---|---|---|
| Ohio | 380 | |
| California | 229 | |
| Texas | 189 | |
| Minnesota | 161 | |
| Wisconsin | 151 | |
| Pennsylvania | 141 | |
| New York | 124 | |
| Illinois | 114 |
An SBA 7(a) lender for loans this size
87% of the SBA loans approved in specialized freight (except used goods) 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.
Check options with SmartBizWe may be paid if you apply through this link. It does not change what we publish, and no lender can buy a place in our rankings. Details.
Approvals by fiscal year
Loan count. Final bar is a partial fiscal year.
Loan sizes
- Under $50K40%
- $50K - $150K31%
- $150K - $350K15%
- $350K - $1M8%
- $1M - $2M3%
- Over $2M2%
Franchise brands in Specialized Freight (except Used Goods) Trucking, Local
| Franchise brand | Loans | Approved | Share |
|---|---|---|---|
| Two Men and a Truck | 9 | $13.9M | |
| Fedex Ground | 4 | $509K | |
| Navis Pack & Ship | 2 | $730K | |
| United Van Lines | 1 | $499K | |
| Baskin-robbins 31 Ice Cream | 1 | $151K | |
| The Junkluggers | 1 | $215K |
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 specialized freight (except used goods) trucking, local business?
- The median SBA approval in NAICS 484220 is $65,000, with the middle 80% of loans between $15,000 and $500,000. Across all industries the median is $180,000.
- Which lenders are most active in specialized freight (except used goods) trucking, local?
- By dollars approved: The Huntington National Bank, Commerce Bank, Wells Fargo Bank, Newtek Small Business Finance, Inc., U.S. 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 specialized freight (except used goods) trucking, local considered a risky industry by SBA lenders?
- Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 10.0% were charged off, versus 7.6% across all SBA lending. That is materially above average, which in practice tends to mean tighter underwriting, more collateral, or a larger equity injection.
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