NAICS 532411 · Real Estate
SBA loans for commercial air, rail, and water transportation equipment rental and leasing
160 SBA loans worth $117.5M have been approved in this industry since FY2010 - the #585 most-financed NAICS code in the country.
Median loan
$355,600
+98% vs all industries
Typical range
$35K-$1.6M
Middle 80%
Median rate
6.25%
7(a) initial note rate
Median term
10 yr
Charge-off rate
9.7%
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 | $9.2M | |
| Regions Bank | 3 | $8.6M | |
| Falcon National Bank | 1 | $5.0M | |
| PNC Bank | 4 | $5.0M | |
| Enterprise Bank & Trust | 3 | $4.9M | |
| SouthWest Bank | 7 | $4.5M | |
| First National Bank | 1 | $3.4M | |
| The Huntington National Bank | 7 | $3.2M | |
| Mortgage Capital Development Corporation | 3 | $3.2M | |
| Banc of California | 1 | $3.1M |
Geography
Where these loans were made
| State | Loans | Share |
|---|---|---|
| Texas | 21 | |
| California | 18 | |
| Florida | 14 | |
| Illinois | 11 | |
| Louisiana | 10 | |
| Minnesota | 7 | |
| Missouri | 6 | |
| Massachusetts | 6 |
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 - $150K11%
- $150K - $350K20%
- $350K - $1M33%
- $1M - $2M15%
- Over $2M9%
Nearby
Other real estate industries
Offices of Real Estate Agents and Brokers4,900 · $100,000Lessors of Miniwarehouses and Self-Storage Units3,561 · $839,000Lessors of Nonresidential Buildings3,432 · $515,000Residential Property Managers2,560 · $150,000Other Activities Related to Real Estate2,207 · $200,000Other Commercial and Industrial Machinery and Equipment Rental and Leasing1,472 · $282,500Nonresidential Property Managers705 · $221,000General Rental Centers690 · $270,000
Common questions
- How much do SBA lenders typically lend to a commercial air, rail, and water transportation equipment rental and leasing business?
- The median SBA approval in NAICS 532411 is $355,600, with the middle 80% of loans between $35,000 and $1,600,000. Across all industries the median is $180,000.
- Which lenders are most active in commercial air, rail, and water transportation equipment rental and leasing?
- By dollars approved: Newtek Small Business Finance, Inc., Regions Bank, Falcon National Bank, PNC Bank, Enterprise Bank & Trust. 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 commercial air, rail, and water transportation equipment rental and leasing considered a risky industry by SBA lenders?
- Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 9.7% 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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