Best SBA 7(a) lenders for general freight trucking, local
NAICS 484110 — General Freight Trucking, Local.
5,639 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $1.53B.
Loans
5,639
Total $
$1.53B
Avg loan
$271K
Avg rate
8.60%
Avg term
105 mo
Industry chg-off rate
4.99%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 1,175 | $102.4M | $87K | 7.97% | 1.92% |
| 2 | TD Bank, National Association | 412 | $26.2M | $63K | 10.79% | 19.92% |
| 3 | U.S. Bank, National Association | 362 | $29.4M | $81K | 5.60% | 3.10% |
| 4 | Wells Fargo Bank National Association | 343 | $20.9M | $61K | 11.33% | 14.88% |
| 5 | Northeast Bank | 270 | $34.6M | $128K | 10.73% | 0.00% |
| 6 | Manufacturers and Traders Trust Company | 194 | $14.2M | $73K | 10.53% | 11.00% |
| 7 | Celtic Bank Corporation | 156 | $183.2M | $1.2M | 7.88% | 2.38% |
| 8 | BayFirst National Bank | 143 | $19.4M | $136K | 11.17% | 8.77% |
| 9 | JPMorgan Chase Bank, National Association | 120 | $24.4M | $204K | 11.06% | 7.58% |
| 10 | Readycap Lending, LLC | 116 | $101.7M | $877K | 8.22% | 4.00% |
| 11 | KeyBank National Association | 99 | $5.5M | $56K | 9.31% | 1.47% |
| 12 | Cadence Bank | 81 | $29.8M | $367K | 8.64% | 4.48% |
| 13 | Lendistry SBLC, LLC | 73 | $12.3M | $169K | 12.25% | 25.00% |
| 14 | Peoples Bank | 70 | $13.2M | $188K | 7.97% | 0.00% |
| 15 | PNC Bank, National Association | 63 | $8.7M | $139K | 10.52% | 16.98% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 484110. Charge-off rates are calculated on the FY2020–FY2023 cohort only.