Industry data
Financing for waste collection companies: what the loan data shows
444 SBA 7(a) loans went to waste collection companies recently, at a median of $152,500. The lenders that make them, the terms they write, and what underwriters look at.
444 SBA 7(a) loans went to waste collection companies in the most recent fiscal years, at a median of $152,500 over 10 years. 52.7% went to new or under-two-year-old businesses, and the most active lender was The Huntington National Bank.
Also searched as: garbage and refuse collection company financing.
What a waste collection companie loan actually looks like
These are approvals, not advertised ranges. Computed from SBA 7(a) loan-level FOIA data released 2026-06-30.
| Measure | Solid waste collection companies | All 7(a) borrowers |
|---|---|---|
| Loans approved, fiscal years 2023 to 2026, using data released June 2026 | 444 | 214,102 |
| Median loan | $152,500 | $150,000 |
| 25th - 75th percentile | $50,000 - $350,000 | $50,000 - $500,000 |
| Median term | 10 years | 10 years |
| Median initial rate | 10.12% | 10.25% |
| Share to new businesses | 52.7% | 33.6% |
| Charge-off rate, FY2010-19 | 3.6% | 7.1% |
What stands out
Reading these figures against all 7(a) borrowers:
- Loan sizes are typical. The median of $152,500 is within a few percent of the $150,000 national median across all 7(a) borrowers, so nothing about this market is unusual on size.
- New businesses do well here. 53% of these loans went to startups or businesses under two years old, against 34% nationally — an unusually open market if you have no trading history.
- No single lender dominates, but the top three made 26% of these loans, so the shortlist below covers most of the active market.
- This market has performed well. Its FY2010-2019 charge-off rate of 3.6% is below the 7.1% overall figure, which is part of why lenders compete for it.
Which lenders actually fund waste collection companies
Ranked by loans approved in this niche. The median, startup share and rate describe each lender's own loans to waste collection companies, not its national averages — which is how you spot a genuine specialist.
| Lender | Loans | Median loan | Startup share | Median rate |
|---|---|---|---|---|
| The Huntington National Bank | 58 | $53,500 | 57% | 10.12% |
| U.S. Bank | 29 | $30,000 | 86% | 8.99% |
| United Midwest Savings Bank | 27 | $200,000 | 96% | 10.25% |
| TD Bank | 25 | $45,000 | 36% | 11.50% |
| Manufacturers and Traders Trust Company | 13 | $20,000 | 23% | 12.75% |
| Newtek Bank | 12 | $212,500 | 50% | 11.50% |
| Northeast Bank | 10 | $121,300 | 30% | 10.25% |
| Wells Fargo Bank | 10 | $15,000 | 80% | 12.75% |
| Zions Bank | 8 | $124,400 | 38% | 10.38% |
| First Bank of the Lake | 7 | $338,100 | 86% | 11.00% |
Where these businesses borrow
Most active states for waste collection companies: Florida (38), California (34), New York (31), Ohio (25), Texas (22), Tennessee (19).
Which financing fits
| Product | Fit for this sector | Typical cost |
|---|---|---|
| SBA 7(a) | The dominant vehicle in this niche | 10.0% - 14.0% APR |
| Equipment financing | For the hard assets, often cheaper separately | 7.0% - 30.0% APR |
| Line of credit | For seasonality and payroll timing | 9.0% - 60.0% APR |
| SBA microloan | If you need under $50,000 | 8.0% - 13.0% APR |
| Business acquisition loan | If you are buying an existing operation | 10.0% - 14.0% APR |
Before you apply
- Check coverage first. Run the payment through the affordability calculator at 1.25x.
- Shortlist from the lender table, favouring ones whose median loan here is close to what you need.
- Assemble the documents — see the checklist.
- If you are buying rather than starting, read business acquisition loans first; the injection rules and diligence are different.