Lending data
Who lends to trucking and transportation businesses, state by state
10,942 SBA 7(a) loans to trucking and transportation businesses across 45 states, with the most active lender and the median loan in each.
10,942 SBA 7(a) loans went to trucking and transportation businesses across 45 states with enough volume to report. Pick your state below to see which lenders actually funded them.
By state
Only states with at least 20 loans are listed, because below that the figures are noise rather than signal. Computed from SBA 7(a) loan-level FOIA data released 2026-06-30.
| State | Loans | Median loan | Startup share | Most active lender |
|---|---|---|---|---|
| Ohio | 1,229 | $62,100 | 25% | The Huntington National Bank |
| California | 1,076 | $150,000 | 24% | Lendistry SBLC, LLC |
| Illinois | 873 | $84,000 | 12% | The Huntington National Bank |
| Florida | 760 | $150,000 | 28% | TD Bank |
| Michigan | 639 | $50,300 | 21% | The Huntington National Bank |
| Texas | 639 | $150,000 | 38% | Wells Fargo Bank |
| New York | 572 | $51,150 | 31% | TD Bank |
| New Jersey | 509 | $70,000 | 28% | TD Bank |
| Pennsylvania | 421 | $60,000 | 35% | TD Bank |
| Indiana | 369 | $70,000 | 25% | The Huntington National Bank |
| Washington | 305 | $62,200 | 29% | KeyBank |
| Georgia | 269 | $125,000 | 34% | Wells Fargo Bank |
| Massachusetts | 258 | $74,500 | 35% | TD Bank |
| North Carolina | 220 | $150,000 | 39% | Wells Fargo Bank |
| Minnesota | 216 | $121,600 | 45% | The Huntington National Bank |
| Maryland | 182 | $53,400 | 36% | Manufacturers and Traders Trust Company |
| Arizona | 168 | $150,000 | 38% | Wells Fargo Bank |
| Virginia | 164 | $102,000 | 35% | Wells Fargo Bank |
| Wisconsin | 159 | $150,000 | 36% | The Huntington National Bank |
| Missouri | 153 | $150,000 | 31% | OakStar Bank |
| Colorado | 149 | $125,000 | 35% | The Huntington National Bank |
| Utah | 148 | $147,250 | 34% | Zions Bank |
| Oregon | 140 | $50,000 | 24% | Columbia Bank |
| South Carolina | 125 | $120,000 | 46% | TD Bank |
| Connecticut | 109 | $50,000 | 31% | Manufacturers and Traders Trust Company |
| Mississippi | 94 | $124,500 | 31% | Peoples Bank |
| Idaho | 89 | $97,800 | 34% | Zions Bank |
| Nevada | 87 | $100,000 | 39% | Wells Fargo Bank |
| Alabama | 79 | $82,600 | 48% | Wells Fargo Bank |
| Kentucky | 77 | $77,000 | 21% | The Huntington National Bank |
| Tennessee | 77 | $263,200 | 31% | Northeast Bank |
| Louisiana | 66 | $150,000 | 20% | Lendistry SBLC, LLC |
| Oklahoma | 57 | $100,000 | 54% | BancFirst |
| Maine | 54 | $87,950 | 39% | TD Bank |
| New Hampshire | 54 | $59,350 | 33% | TD Bank |
| Iowa | 44 | $101,350 | 46% | U.S. Bank |
| Kansas | 42 | $103,850 | 50% | Bank of Hays |
| Arkansas | 39 | $112,600 | 67% | Arvest Bank |
| New Mexico | 38 | $103,750 | 53% | Wells Fargo Bank |
| Nebraska | 37 | $149,400 | 30% | First State Bank Nebraska |
| West Virginia | 36 | $56,500 | 36% | The Huntington National Bank |
| Delaware | 34 | $25,000 | 29% | Manufacturers and Traders Trust Company |
| Rhode Island | 31 | $25,000 | 48% | TD Bank |
| Vermont | 29 | $40,000 | 55% | North Country Federal Credit Union |
| South Dakota | 26 | $118,400 | 50% | The First National Bank in Sioux Falls |
What 7(a) lending to trucking and transportation businesses looks like nationally
| Measure | Transportation and trucking | All 7(a) borrowers |
|---|---|---|
| Loans approved, fiscal years 2023 to 2026, using data released June 2026 | 11,069 | 214,102 |
| Median loan | $91,800 | $150,000 |
| 25th - 75th percentile | $33,000 - $249,950 | $50,000 - $500,000 |
| Median term | 10 years | 10 years |
| Median initial rate | 10.50% | 10.25% |
| Share to startups | 29.4% | 33.6% |
| Charge-off rate, FY2010-19 | 8.9% | 7.1% |
| Jobs supported | 83,958 | 2,142,602 |
Reading those figures against all 7(a) borrowers:
- Loans here run smaller than average. The median of $91,800 is 39% below the $150,000 national median. Smaller loans price higher under the SBA spread caps, so budget for a rate above the headline range.
- Startup share is about average, at 29% against 34% nationally.
How financing works in this sector
The numbers above say who lends and on what terms. For what actually changes about financing trucking and transportation businesses — which products fit the working capital cycle, which metrics underwriters focus on, and which questions get asked — see our transportation and trucking financing guide.
How to use this
Open your state, shortlist three lenders whose median loan is close to what you need, then read choosing an SBA lender before you call.