Best SBA 7(a) lenders for motor vehicle towing
NAICS 488410 — Motor Vehicle Towing.
757 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $357.8M.
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.