How much do SBA lenders typically lend to a taxi and ridesharing services business?

The median SBA approval in NAICS 485310 is $29,750, with the middle 80% of loans between $10,000 and $300,000. Across all industries the median is $180,000.

Which lenders are most active in taxi and ridesharing services?

By dollars approved: Newtek Small Business Finance, Inc., U.S. Bank, TD Bank, SouthState Bank, Live Oak Banking Company. 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 taxi and ridesharing services considered a risky industry by SBA lenders?

Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 15.1% 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 485310 · Transportation

SBA loans for taxi and ridesharing services

494 SBA loans worth $67.7M have been approved in this industry since FY2010 - the #340 most-financed NAICS code in the country.

Median loan

$29,750

-83% vs all industries

Typical range

$10K-$300K

Middle 80%

Median rate

8.50%

7(a) initial note rate

Median term

7 yr

Charge-off rate

15.1%

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
Newtek Small Business Finance, Inc.	4	$5.6M
U.S. Bank	30	$5.0M
TD Bank	82	$3.4M
SouthState Bank	1	$3.4M
Live Oak Banking Company	2	$3.3M
The Huntington National Bank	43	$2.7M
BankVista	4	$2.2M
Cape and Coast Bank	2	$2.0M
The Bancorp Bank	2	$1.9M
Wells Fargo Bank	45	$1.8M

Geography

Where these loans were made

State	Loans	Share
New York	113
California	61
Hawaii	29
Massachusetts	27
Illinois	23
New Jersey	23
Ohio	23
Florida	16

Approvals by fiscal year

’10

’11

’12

’13

’14

’15

’16

’17

’18

’19

’20

’21

’22

’23

’24

’25

’26

Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
61%
$50K - $150K
22%
$150K - $350K
9%
$350K - $1M
6%
$1M - $2M
2%
Over $2M
1%

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 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

Common questions

How much do SBA lenders typically lend to a taxi and ridesharing services business?: The median SBA approval in NAICS 485310 is $29,750, with the middle 80% of loans between $10,000 and $300,000. Across all industries the median is $180,000.
Which lenders are most active in taxi and ridesharing services?: By dollars approved: Newtek Small Business Finance, Inc., U.S. Bank, TD Bank, SouthState Bank, Live Oak Banking Company. 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 taxi and ridesharing services considered a risky industry by SBA lenders?: Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 15.1% 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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