Best SBA 7(a) lenders for freight transportation arrangement
NAICS 488510 — Freight Transportation Arrangement.
835 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $355.2M.
Loans
835
Total $
$355.2M
Avg loan
$425K
Avg rate
9.27%
Avg term
124 mo
Industry chg-off rate
2.25%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 89 | $9.8M | $110K | 8.42% | 0.00% |
| 2 | TD Bank, National Association | 73 | $7.4M | $102K | 10.61% | 7.69% |
| 3 | Wells Fargo Bank National Association | 67 | $9.3M | $139K | 10.86% | 7.84% |
| 4 | Northeast Bank | 58 | $10.3M | $177K | 10.59% | 0.00% |
| 5 | JPMorgan Chase Bank, National Association | 50 | $17.7M | $354K | 10.89% | 0.00% |
| 6 | U.S. Bank, National Association | 29 | $12.6M | $434K | 7.40% | 0.00% |
| 7 | Lendistry SBLC, LLC | 24 | $5.7M | $238K | 12.21% | — |
| 8 | BayFirst National Bank | 23 | $4.4M | $189K | 9.91% | 0.00% |
| 9 | Bank of America, National Association | 22 | $6.8M | $307K | 8.75% | 0.00% |
| 10 | KeyBank National Association | 18 | $1.6M | $88K | 9.45% | 0.00% |
| 11 | Bank of Hope | 18 | $4.1M | $230K | 8.57% | 0.00% |
| 12 | Manufacturers and Traders Trust Company | 18 | $4.4M | $242K | 9.05% | 0.00% |
| 13 | Celtic Bank Corporation | 17 | $2.2M | $127K | 10.46% | 0.00% |
| 14 | Cadence Bank | 15 | $4.8M | $318K | 8.08% | 8.33% |
| 15 | PNC Bank, National Association | 14 | $2.2M | $160K | 10.71% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 488510. Charge-off rates are calculated on the FY2020–FY2023 cohort only.