How much do SBA lenders typically lend to a specialized freight (except used goods) trucking, long-distance business?

The median SBA approval in NAICS 484230 is $55,750, with the middle 80% of loans between $14,000 and $575,000. Across all industries the median is $180,000.

Which lenders are most active in specialized freight (except used goods) trucking, long-distance?

By dollars approved: The Huntington National Bank, Newtek Small Business Finance, Inc., Florida Business Development Corporation, JPMorgan Chase Bank, 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, long-distance considered a risky industry by SBA lenders?

Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 12.2% 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 484230 · Transportation

SBA loans for specialized freight (except used goods) trucking, long-distance

1,604 SBA loans worth $390.1M have been approved in this industry since FY2010 - the #141 most-financed NAICS code in the country.

Median loan

$55,750

-69% vs all industries

Typical range

$14K-$575K

Middle 80%

Median rate

7.50%

7(a) initial note rate

Median term

7 yr

Charge-off rate

12.2%

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	262	$25.4M
Newtek Small Business Finance, Inc.	17	$18.4M
Florida Business Development Corporation	9	$15.1M
JPMorgan Chase Bank	83	$11.0M
U.S. Bank	33	$10.5M
Pinnacle Bank	2	$9.8M
Wells Fargo Bank	215	$9.5M
Enterprise Bank & Trust	5	$9.1M
Mortgage Capital Development Corporation	3	$6.9M
Bank of America	28	$6.9M

Geography

Where these loans were made

State	Loans	Share
Ohio	167
California	142
Texas	122
Michigan	108
Florida	94
Illinois	78
New York	57
Pennsylvania	53

Approvals by fiscal year

’10

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Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
43%
$50K - $150K
29%
$150K - $350K
13%
$350K - $1M
9%
$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 Specialized Freight (except Used Goods) Trucking, Local3,193 · $65,000 Freight Transportation Arrangement2,161 · $150,000 Motor Vehicle Towing2,100 · $130,000 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, long-distance business?: The median SBA approval in NAICS 484230 is $55,750, with the middle 80% of loans between $14,000 and $575,000. Across all industries the median is $180,000.
Which lenders are most active in specialized freight (except used goods) trucking, long-distance?: By dollars approved: The Huntington National Bank, Newtek Small Business Finance, Inc., Florida Business Development Corporation, JPMorgan Chase Bank, 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, long-distance considered a risky industry by SBA lenders?: Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 12.2% 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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