NAICS 485510 · Transportation
SBA loans for charter bus industry
291 SBA loans worth $189.2M have been approved in this industry since FY2010 - the #455 most-financed NAICS code in the country.
Median loan
$250,000
+39% vs all industries
Typical range
$31K-$1.9M
Middle 80%
Median rate
6.00%
7(a) initial note rate
Median term
10 yr
Charge-off rate
7.7%
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 |
|---|---|---|---|
| Newtek Small Business Finance, Inc. | 4 | $10.2M | |
| Trenton Business Assistance Corporation | 2 | $8.5M | |
| JPMorgan Chase Bank | 21 | $8.1M | |
| Mortgage Capital Development Corporation | 6 | $8.0M | |
| First Merchants Bank | 3 | $7.2M | |
| Wells Fargo Bank | 17 | $6.7M | |
| Midwest Business Finance Corporation | 3 | $6.0M | |
| PNC Bank | 4 | $5.7M | |
| Enterprise Bank & Trust | 6 | $4.9M | |
| Renasant Bank | 1 | $4.8M |
Geography
Where these loans were made
| State | Loans | Share |
|---|---|---|
| California | 67 | |
| New York | 25 | |
| Minnesota | 23 | |
| Massachusetts | 15 | |
| Texas | 15 | |
| Pennsylvania | 13 | |
| Washington | 12 | |
| Florida | 11 |
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 $50K13%
- $50K - $150K25%
- $150K - $350K19%
- $350K - $1M22%
- $1M - $2M11%
- Over $2M10%
Nearby
Other transportation industries
General Freight Trucking, Long-Distance, Truckload16,409 · $53,000General Freight Trucking, Local13,654 · $50,900Specialized Freight (except Used Goods) Trucking, Local3,193 · $65,000Freight Transportation Arrangement2,161 · $150,000Motor Vehicle Towing2,100 · $130,000Specialized Freight (except Used Goods) Trucking, Long-Distance1,604 · $55,750Used Household and Office Goods Moving1,498 · $150,000Limousine Service1,190 · $50,000
Common questions
- How much do SBA lenders typically lend to a charter bus industry business?
- The median SBA approval in NAICS 485510 is $250,000, with the middle 80% of loans between $31,100 and $1,945,000. Across all industries the median is $180,000.
- Which lenders are most active in charter bus industry?
- By dollars approved: Newtek Small Business Finance, Inc., Trenton Business Assistance Corporation, JPMorgan Chase Bank, Mortgage Capital Development Corporation, First Merchants 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 charter bus industry considered a risky industry by SBA lenders?
- Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 7.7% were charged off, versus 7.6% across all SBA lending. That is close to average.
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