Which lenders are a good match for a Freight Trucking (Long Distance) business SBA loan?
General Freight Trucking (Long Distance) project state SBA 7(a) loan approvals in 2020.
General Freight Trucking (Long Distance) Industry Highlights
In 2020 the General Freight Trucking, Long Distance, Truckload industry ranked #4 in SBA 7(a) number of loan approvals and was the #33 ranked industry for loan approval amounts.
All-time there have been 816 lenders who have approved 14,063 SBA 7(a) loan approvals to General Freight Trucking (Long Distance) businesses for $1,788,622,899. Loan approvals went to borrowers from 3,380 cities for projects in 50 states.
In 2020 General Freight Trucking (Long Distance) businesses received 856 SBA 7(a) loan approvals from 107 lenders for $144,469,500. The average loan approval amount in 2020 was $168,773. Approvals went to borrowers from 404 cities for projects in 39 states.
There were no franchised General Freight Trucking (Long Distance) SBA 7(a) loan approvals in 2020 (nor 2019 or 2018).
Our forecast model projects the General Freight Trucking (Long Distance) industry receiving $166 million in SBA 7(a) approvals in 2021.
Read our Industry page on General Freight Trucking (Long Distance) SBA lending for a full report, but below are a few highlights:
Historical SBA 7(a) Lending for the General Freight Trucking (Long Distance) Industry
2020 Top 25 SBA Lenders
General Freight Trucking (Long Distance)
Loan Approvals
Approval Amounts
General Freight Trucking (Long Distance) SBA 7(a) Loan Amounts
Average SBA 7(a) loan approval amount in 2020 was $168,773.
92.99% of approved loans in 2020 were for loan amounts up to $350,000.
79.67% of approved loans in 2020 were for loan amounts up to $150,000.
3.14% of approved loans in 2020 were for loan amounts over $1 million.
1.39% of loan approvals were for multi-million loan amounts.
General Freight Trucking (Long Distance) SBA 7(a) Lending Forecast
Our forecast model projects the General Freight Trucking (Long Distance) industry receiving $166 million in SBA 7(a) approvals in 2021.
See our full (and free) SBA report on General Freight Trucking (Long Distance)
This report has about everything a small business owner would want to know about SBA 7(a) loans to General Freight Trucking (Long Distance) 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.
