How much do SBA lenders typically lend to a motor vehicle towing business?

The median SBA approval in NAICS 488410 is $130,000, with the middle 80% of loans between $20,000 and $1,003,000. Across all industries the median is $180,000.

Which lenders are most active in motor vehicle towing?

By dollars approved: The Huntington National Bank, Enterprise Bank & Trust, U.S. Bank, Wells Fargo Bank, Newtek Small Business Finance, Inc.. 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 motor vehicle towing considered a risky industry by SBA lenders?

Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 6.7% were charged off, versus 7.6% across all SBA lending. That is close to average.

NAICS 488410 · Transportation

SBA loans for motor vehicle towing

2,100 SBA loans worth $783.4M have been approved in this industry since FY2010 - the #112 most-financed NAICS code in the country.

Median loan

$130,000

-28% vs all industries

Typical range

$20K-$1.0M

Middle 80%

Median rate

6.75%

7(a) initial note rate

Median term

10 yr

Charge-off rate

6.7%

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
The Huntington National Bank	187	$36.7M
Enterprise Bank & Trust	36	$30.5M
U.S. Bank	169	$28.5M
Wells Fargo Bank	100	$26.5M
Newtek Small Business Finance, Inc.	30	$22.9M
Mortgage Capital Development Corporation	24	$18.0M
Harvest Small Business Finance, LLC	22	$17.9M
United Business Bank	4	$13.9M
Business Finance Capital	11	$13.7M
Midwest Regional Bank	8	$13.2M

Geography

Where these loans were made

State	Loans	Share
California	350
Ohio	148
Florida	109
New York	99
Texas	95
Minnesota	94
Michigan	78
Washington	76

Approvals by fiscal year

’10

’11

’12

’13

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’18

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’26

Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
26%
$50K - $150K
26%
$150K - $350K
17%
$350K - $1M
20%
$1M - $2M
8%
Over $2M
3%

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 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 motor vehicle towing business?: The median SBA approval in NAICS 488410 is $130,000, with the middle 80% of loans between $20,000 and $1,003,000. Across all industries the median is $180,000.
Which lenders are most active in motor vehicle towing?: By dollars approved: The Huntington National Bank, Enterprise Bank & Trust, U.S. Bank, Wells Fargo Bank, Newtek Small Business Finance, Inc.. 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 motor vehicle towing considered a risky industry by SBA lenders?: Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 6.7% were charged off, versus 7.6% across all SBA lending. That is close to average.

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