Best SBA 7(a) lenders for motor vehicle towing
The top SBA 7(a) lenders for motor vehicle towing (NAICS 488410) are The Huntington National Bank, U.S. 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 757 loans totaling $357.8M to businesses in this industry. Average loan size: $473K. Average rate: 8.62%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 2.26%.
Loans
757
Total $
$357.8M
Avg loan
$473K
Avg rate
8.62%
Avg term
143 mo
Industry chg-off rate
2.26%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 75 | $14.0M | $187K | 8.35% | 0.00% |
| 2 | U.S. Bank, National Association | 58 | $9.7M | $167K | 8.84% | 0.00% |
| 3 | TD Bank, National Association | 42 | $3.9M | $93K | 10.49% | 8.00% |
| 4 | Wells Fargo Bank National Association | 32 | $6.6M | $206K | 11.00% | 18.18% |
| 5 | Manufacturers and Traders Trust Company | 31 | $3.3M | $105K | 11.10% | 10.00% |
| 6 | Northeast Bank | 25 | $4.6M | $186K | 10.30% | 0.00% |
| 7 | KeyBank National Association | 22 | $4.9M | $224K | 10.38% | 0.00% |
| 8 | Harvest Small Business Finance, LLC | 19 | $14.0M | $736K | 8.18% | 0.00% |
| 9 | Enterprise Bank & Trust | 19 | $16.5M | $870K | 6.57% | 0.00% |
| 10 | First Community Bank | 18 | $10.7M | $596K | 5.72% | 0.00% |
| 11 | Newtek Small Business Finance, Inc. | 18 | $12.9M | $714K | 7.06% | 0.00% |
| 12 | JPMorgan Chase Bank, National Association | 16 | $2.1M | $132K | 13.01% | 0.00% |
| 13 | Columbia Bank | 11 | $2.8M | $259K | 10.30% | 0.00% |
| 14 | Cadence Bank | 9 | $6.9M | $768K | 8.06% | 0.00% |
| 15 | Fifth Third Bank | 9 | $3.2M | $358K | 8.77% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 488410. Charge-off rates are calculated on the FY2020–FY2023 cohort only.