Best SBA 7(a) lenders for general freight trucking, long-distance, less than truckload
NAICS 484122 — General Freight Trucking, Long-Distance, Less Than Truckload.
445 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $77.4M.
Loans
445
Total $
$77.4M
Avg loan
$174K
Avg rate
9.61%
Avg term
112 mo
Industry chg-off rate
8.68%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | Wells Fargo Bank National Association | 149 | $3.8M | $26K | 11.21% | 17.92% |
| 2 | The Huntington National Bank | 81 | $6.6M | $82K | 8.24% | 3.33% |
| 3 | Lendistry SBLC, LLC | 29 | $5.7M | $198K | 12.38% | — |
| 4 | U.S. Bank, National Association | 27 | $1.2M | $44K | 5.48% | 0.00% |
| 5 | TD Bank, National Association | 20 | $973K | $49K | 11.03% | 0.00% |
| 6 | Northeast Bank | 17 | $1.8M | $106K | 10.76% | 0.00% |
| 7 | Bank of America, National Association | 12 | $2.8M | $230K | 5.18% | 9.09% |
| 8 | KeyBank National Association | 9 | $802K | $89K | 10.25% | 0.00% |
| 9 | Manufacturers and Traders Trust Company | 8 | $555K | $69K | 11.75% | 0.00% |
| 10 | JPMorgan Chase Bank, National Association | 7 | $2.3M | $323K | 10.11% | 16.67% |
| 11 | Harvest Small Business Finance, LLC | 7 | $7.8M | $1.1M | 7.96% | 0.00% |
| 12 | BayFirst National Bank | 6 | $926K | $154K | 10.00% | 0.00% |
| 13 | Cadence Bank | 4 | $4.5M | $1.1M | 10.31% | 0.00% |
| 14 | PNC Bank, National Association | 3 | $516K | $172K | 9.38% | 0.00% |
| 15 | Readycap Lending, LLC | 3 | $2.2M | $719K | 8.75% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 484122. Charge-off rates are calculated on the FY2020–FY2023 cohort only.