Best SBA 7(a) lenders for general freight trucking, long distance, truckload
NAICS 484121 — General Freight Trucking, Long Distance, Truckload.
6,764 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $1.40B.
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.