Which lenders are a good match for a Freight Trucking (Local) business SBA loan?
General Freight Trucking (Local) project state SBA 7(a) loan approvals in 2020.
General Freight Trucking (Local) Industry Highlights
In 2020 the General Freight Trucking, Local, Truckload industry ranked #3 in SBA 7(a) number of loan approvals and was the #19 ranked industry for loan approval amounts.
All-time there have been 1,021 lenders who have approved 14,788 SBA 7(a) loan approvals to General Freight Trucking (Local) businesses for $1,880,789,481. Loan approvals went to borrowers from 4,207 cities for projects in 50 states.
In 2020 General Freight Trucking (Local) businesses received 913 SBA 7(a) loan approvals from 181 lenders for $209,051,052. The average loan approval amount in 2020 was $228,972. Approvals went to borrowers from 528 cities for projects in 47 states.
For 2020 franchised General Freight Trucking (Local) there were only 5 SBA 7(a) loan approvals from 3 SBA lenders for $3,607,600.
Our forecast model projects the General Freight Trucking (Local) industry receiving $219 million in SBA 7(a) approvals in 2021.
Read our Industry page on General Freight Trucking (Local) SBA lending for a full report, but below are a few highlights:
Historical SBA 7(a) Lending for the General Freight Trucking (Local) Industry
2020 Top 25 SBA Lenders
General Freight Trucking (Local)
Loan Approvals
Approval Amounts
General Freight Trucking (Local) SBA 7(a) Loan Amounts
Average SBA 7(a) loan approval amount in 2020 was $168,773.
84.88% of approved loans in 2020 were for loan amounts up to $350,000.
73.82% of approved loans in 2020 were for loan amounts up to $150,000.
6.35% of approved loans in 2020 were for loan amounts over $1 million.
1.42% of loan approvals were for multi-million loan amounts.
General Freight Trucking (Local) SBA 7(a) Lending Forecast
Our forecast model projects the General Freight Trucking (Local) industry receiving $166 million in SBA 7(a) approvals in 2021.
See our full (and free) SBA report on General Freight Trucking (Local)
This report has about everything a small business owner would want to know about SBA 7(a) loans to General Freight Trucking (Local) businesses. See the 2020 top ranked lenders and franchise brands by loan amounts, default data, our SBA lending forecasts, the top project states and borrower cities, and more.
