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.

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
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

Approvals by fiscal year

’10

’11

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’26

Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
40%
$50K - $150K
31%
$150K - $350K
15%
$350K - $1M
8%
$1M - $2M
3%
Over $2M
2%

Nearby

Other transportation industries

See the sector

General Freight Trucking, Long-Distance, Truckload16,409 · $53,000 General Freight Trucking, Local13,654 · $50,900 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 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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