Best SBA 7(a) lenders for general freight trucking, long distance, truckload
The top SBA 7(a) lenders for general freight trucking, long distance, truckload (NAICS 484121) are The Huntington National Bank, Wells Fargo Bank National Association, Northeast Bank, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 6,764 loans totaling $1.40B to businesses in this industry. Average loan size: $207K. Average rate: 8.60%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 4.88%.
Loans
6,764
Total $
$1.40B
Avg loan
$207K
Avg rate
8.60%
Avg term
105 mo
Industry chg-off rate
4.88%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 2,984 | $242.5M | $81K | 7.59% | 1.60% |
| 2 | Wells Fargo Bank National Association | 391 | $11.2M | $29K | 10.92% | 14.85% |
| 3 | Northeast Bank | 346 | $45.6M | $132K | 10.83% | 8.33% |
| 4 | TD Bank, National Association | 290 | $19.3M | $66K | 10.92% | 14.66% |
| 5 | Lendistry SBLC, LLC | 232 | $45.4M | $196K | 12.36% | 0.00% |
| 6 | U.S. Bank, National Association | 220 | $26.9M | $122K | 5.77% | 3.76% |
| 7 | BayFirst National Bank | 192 | $42.0M | $219K | 11.67% | 19.20% |
| 8 | JPMorgan Chase Bank, National Association | 166 | $23.0M | $139K | 10.75% | 16.36% |
| 9 | Manufacturers and Traders Trust Company | 126 | $8.7M | $69K | 10.64% | 9.09% |
| 10 | KeyBank National Association | 126 | $17.1M | $136K | 8.88% | 0.00% |
| 11 | Cadence Bank | 95 | $41.2M | $434K | 8.98% | 6.94% |
| 12 | Readycap Lending, LLC | 74 | $40.0M | $540K | 9.03% | 9.84% |
| 13 | Bank of America, National Association | 65 | $14.1M | $216K | 5.70% | 1.79% |
| 14 | PNC Bank, National Association | 55 | $6.3M | $115K | 10.81% | 23.53% |
| 15 | Columbia Bank | 47 | $18.1M | $386K | 10.00% | 4.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 484121. Charge-off rates are calculated on the FY2020–FY2023 cohort only.