SBA Loans for Scheduled Passenger Air Transportation: Top Lenders & Recent Approvals
NAICS 481NAICS 481 covers scheduled passenger air transportation businesses. Based on historical SBA 7(a) lending data.
Total Approvals
15
for Scheduled Passenger Air Transportation
Median Loan Size
$225,000
per approval
Recent Activity
3
last 90 days through May 2025
NAICS 481 covers scheduled passenger air transportation businesses. This is a smaller category in SBA 7(a) lending with 15 approvals on record and a median loan size of $225,000.
Key trends & insights
- THE Huntington National Bank leads this industry with 3 approvals (15% market share) and a median loan of $40,400.
- Scheduled Passenger Air Transportation SBA lending clusters in Michigan (20%), Alaska (13%), California (7%) — these three states represent 40% of all activity nationwide.
- Scheduled Passenger Air Transportation loans skew smaller than the SBA average at $225,000 median (vs. ~$450,000 overall) — good news if you need a smaller amount and want to avoid lenders with high minimums.
Lending trends for Scheduled Passenger Air Transportation
Top lenders by historical volume
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 3 | $40,400 | |
| 2 | 2 | $50,000 | |
| 3 | 2 | $2,700,000 | |
| 4 | 1 | $100,000 | |
| 5 | 1 | $2,175,000 | |
| 6 | 1 | $250,000 | |
| 7 | 1 | $779,300 | |
| 8 | 1 | $1,661,000 | |
| 9 | 1 | $115,000 | |
| 10 | 1 | $100,000 | |
| 11 | 1 | $4,364,000 | |
| 12 | 1 | $500,000 | |
| 13 | 1 | $1,782,900 | |
| 14 | 1 | $1,502,000 | |
| 15 | 1 | $2,200,000 | |
| 16 | 1 | $100,000 |
Recent SBA 7(a) approvals for Scheduled Passenger Air Transportation
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-05 | Alaska Growth Capital BIDCO, Inc. | Ree*****LLC | Anchorage, AK | $4,364,000 |
| 2025-04 | PlainsCapital Bank | JET*****LLC | LAKEWOOD VILLAGE, TX | $100,000 |
| 2025-03 | Northeast Bank | Prn*****nc. | Dallas, GA | $115,000 |
| 2023-08 | Newtek Bank, National Association | WNK*****LLC | CHESAPEAKE, VA | $225,000 |
| 2023-05 | Lake Michigan CU | Zul*****LLC | OPA LOCKA, FL | $1,782,900 |
| 2023-04 | Newtek Bank, National Association | ATI*****nc. | EL PASO, TX | $2,700,000 |
| 2023-03 | The Huntington National Bank | Air*****LLC | Cleveland, OH | $225,000 |
| 2022-11 | Wells Fargo Bank National Association | AMB*****LLC | NEWPORT NEWS, VA | $50,000 |
| 2022-08 | Accompany Capital | Alp*****nc. | Farmingdale, NY | $250,000 |
| 2022-08 | Manufacturers and Traders Trust Company | Equ*****LLC | CALIFON, NJ | $100,000 |
| 2022-01 | Wells Fargo Bank National Association | STA*****LLC | HOOVER, AL | $15,000 |
| 2021-10 | The Huntington National Bank | Fre*****NC. | Dearborn Heights, MI | $25,000 |
| 2021-10 | The Huntington National Bank | Fre*****NC. | Dearborn Heights, MI | $40,400 |
| 2021-08 | First Bank of the Lake | K B*****LLC | HOMER, AK | $1,661,000 |
| 2021-04 | Red River State Bank | GTW*****LLC | SAN JOSE, CA | $779,300 |
| 2021-02 | Stone Bank | Tro*****Inc | FORT LAUDERDALE, FL | $1,502,000 |
| 2020-11 | Patriot Bank, National Association | Nor*****LLC | West Palm Beach, FL | $500,000 |
| 2020-11 | Comerica Bank | MCM*****INC | Canton, MI | $2,175,000 |
| 2020-08 | Commercial Bank | JAM*****LLC | LOUISVILLE, TN | $100,000 |
| 2019-12 | Newtek Small Business Finance, Inc. | Ait*****LLC | CLEVELAND, OH | $2,200,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
State-by-state breakdown
SBA loans for Scheduled Passenger Air Transportation by state
Similar industries
Frequently asked questions about SBA loans for Scheduled Passenger Air Transportation
Who are the top SBA lenders for Scheduled Passenger Air Transportation?▾
Based on historical SBA 7(a) data, the most active lenders for Scheduled Passenger Air Transportation (NAICS 481) include THE Huntington National Bank, Wells Fargo Bank, National Association, Newtek Bank, National Association, and 13 more. THE Huntington National Bank leads with 3 approved loans.
What is the typical SBA loan size for Scheduled Passenger Air Transportation?▾
The median SBA 7(a) loan amount for Scheduled Passenger Air Transportation businesses is $225,000, based on 15 total approved loans in the dataset.
Which states have the most SBA lending activity for Scheduled Passenger Air Transportation?▾
Michigan leads with 3 SBA 7(a) approvals for Scheduled Passenger Air Transportation, followed by Alaska (2) and California (1).
How do I find the best SBA lender for my scheduled passenger air transportation business?▾
Start by reviewing the lender rankings on this page, which are based on real SBA approval data for NAICS 481. You can also use the MyLenderPilot Lender Fit Quiz to get a personalized ranking based on your state, loan size, and years in business.
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