Best SBA 7(a) lenders for specialized freight (except used goods) trucking, local
The top SBA 7(a) lenders for specialized freight (except used goods) trucking, local (NAICS 484220) are The Huntington National Bank, Wells Fargo Bank National Association, TD Bank, National Association, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 1,232 loans totaling $318.0M to businesses in this industry. Average loan size: $258K. Average rate: 8.50%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 3.75%.
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 222 | $22.1M | $100K | 8.02% | 2.90% |
| 2 | Wells Fargo Bank National Association | 85 | $10.1M | $119K | 10.73% | 10.00% |
| 3 | TD Bank, National Association | 77 | $4.5M | $58K | 10.65% | 9.68% |
| 4 | Manufacturers and Traders Trust Company | 54 | $3.4M | $62K | 10.35% | 11.11% |
| 5 | Granite Bank | 48 | $6.2M | $130K | 7.64% | 0.00% |
| 6 | U.S. Bank, National Association | 35 | $5.6M | $161K | 6.05% | 0.00% |
| 7 | Northeast Bank | 35 | $4.7M | $135K | 10.61% | — |
| 8 | Columbia Bank | 27 | $4.7M | $174K | 10.72% | 0.00% |
| 9 | JPMorgan Chase Bank, National Association | 24 | $3.1M | $129K | 11.57% | 11.11% |
| 10 | KeyBank National Association | 21 | $3.4M | $161K | 10.10% | 0.00% |
| 11 | Lendistry SBLC, LLC | 19 | $3.0M | $158K | 12.13% | 0.00% |
| 12 | Arvest Bank | 18 | $952K | $53K | 6.54% | 5.88% |
| 13 | Zions Bank, A Division of | 15 | $1.3M | $83K | 9.50% | 0.00% |
| 14 | Cadence Bank | 14 | $9.8M | $696K | 8.30% | 0.00% |
| 15 | 1st Source Bank | 11 | $827K | $75K | 6.89% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 484220. Charge-off rates are calculated on the FY2020–FY2023 cohort only.