SBA Loans for Motor Vehicle Towing: Top Lenders & Recent Approvals
NAICS 488NAICS 488 covers motor vehicle towing businesses. Based on historical SBA 7(a) lending data.
Total Approvals
470
for Motor Vehicle Towing
Median Loan Size
$150,000
per approval
Recent Activity
33
last 90 days through Dec 2025
NAICS 488 covers motor vehicle towing businesses. This is a moderately active sector for SBA 7(a) lending with 470 approvals and a median loan size of $150,000.
Key trends & insights
- Total SBA dollars flowing into this industry decreased by 22% year-over-year, reaching $110,378,200 in the trailing 12 months.
- Loan sizes vary dramatically by location — the median in Washington ($703,600) is 14.1x higher than Pennsylvania ($50,000).
- Motor Vehicle Towing loans skew smaller than the SBA average at $150,000 median (vs. ~$450,000 overall) — good news if you need a smaller amount and want to avoid lenders with high minimums.
Lending trends for Motor Vehicle Towing
Top lenders by historical volume
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 84 | $50,000 | |
| 2 | 73 | $57,500 | |
| 3 | 65 | $118,000 | |
| 4 | 54 | $15,000 | |
| 5 | 50 | $50,000 | |
| 6 | 32 | $50,000 | |
| 7 | 28 | $150,000 | |
| 8 | 20 | $50,000 | |
| 9 | 18 | $250,000 | |
| 10 | 18 | $589,000 | |
| 11 | 17 | $130,000 | |
| 12 | 17 | $150,000 | |
| 13 | 17 | $250,000 | |
| 14 | 15 | $703,600 | |
| 15 | 15 | $515,000 | |
| 16 | 14 | $150,000 | |
| 17 | 13 | $40,000 | |
| 18 | 13 | $350,000 | |
| 19 | 12 | $680,000 | |
| 20 | 10 | $201,000 |
Recent SBA 7(a) approvals for Motor Vehicle Towing
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-12 | JPMorgan Chase Bank, National Association | Mer*****Llc | MISSION, TX | $350,000 |
| 2025-12 | Lendistry SBLC, LLC | TRU*****NC. | Elgin, IL | $110,000 |
| 2025-12 | Pinnacle Bank | Hol*****LLC | ELKRIDGE, MD | $1,383,000 |
| 2025-12 | U.S. Bank, National Association | ON *****LLC | LANCASTER, CA | $50,000 |
| 2025-12 | Countybank | cro*****llc | Spartanburg, SC | $525,000 |
| 2025-12 | Bank of America, National Association | Tho*****LLC | WICHITA, KS | $200,000 |
| 2025-12 | City National Bank of Florida | Pue*****rp. | Findlay, OH | $142,000 |
| 2025-12 | Columbia Bank | Jbi*****nc. | MOSES LAKE, WA | $50,000 |
| 2025-12 | TD Bank, National Association | Ken*****LLC | FAIR HAVEN, VT | $40,000 |
| 2025-11 | First Horizon Bank | GT *****LLC | SHELBYVILLE, TN | $1,173,000 |
| 2025-11 | East West Bank | She*****Inc | SANTA CLARITA, CA | $1,703,000 |
| 2025-11 | North State Bank | CBJ*****LLC | KNIGHTDALE, NC | $1,220,500 |
| 2025-11 | United Midwest Savings Bank National Association | CGG*****LLC | Inglewood, CA | $150,000 |
| 2025-11 | Wells Fargo Bank National Association | MIL*****LLC | POWDER SPRINGS, GA | $15,000 |
| 2025-11 | CenTrust Bank, A Division of SmartBiz Bank National Associat | MOB*****INC | HOUSTON, TX | $100,000 |
| 2025-11 | U.S. Bank, National Association | JOR*****LLC | MINNEAPOLIS, MN | $50,000 |
| 2025-11 | Newtek Bank, National Association | Air*****ics | Orlando, FL | $2,550,000 |
| 2025-11 | U.S. Bank, National Association | AA *****INC | NORTH LAS VEGAS, NV | $150,000 |
| 2025-11 | JPMorgan Chase Bank, National Association | ON *****TOW | TURLOCK, CA | $50,500 |
| 2025-11 | First Community Bank | HK *****LLC | MORRISVILLE, NC | $463,500 |
| 2025-11 | Zions Bank, A Division of | KBR*****any | DURANGO, CO | $15,000 |
| 2025-11 | The Huntington National Bank | T&T*****LLC | LAKEVILLE, MN | $123,200 |
| 2025-11 | First Commonwealth Bank | Wie*****nc. | QUINCY, MA | $338,000 |
| 2025-11 | Columbia Bank | K &*****LLC | MONROE, WA | $37,500 |
| 2025-11 | Woori America Bank | Wed*****oms | GARDEN GROVE, CA | $150,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
Activity by state
State-by-state breakdown
| # | State | Approvals |
|---|---|---|
| 1 | California | 69 |
| 2 | Florida | 53 |
| 3 | Ohio | 41 |
| 4 | Texas | 29 |
| 5 | Illinois | 19 |
| 6 | Michigan | 19 |
| 7 | New York | 18 |
| 8 | New Jersey | 17 |
| 9 | Washington | 17 |
| 10 | Georgia | 16 |
| 11 | Pennsylvania | 15 |
| 12 | Minnesota | 13 |
| 13 | North Carolina | 13 |
| 14 | Oklahoma | 10 |
| 15 | Wisconsin | 9 |
| 16 | Virginia | 9 |
| 17 | Missouri | 8 |
| 18 | Arizona | 8 |
| 19 | Utah | 6 |
| 20 | Alabama | 6 |
| 21 | Oregon | 6 |
| 22 | Connecticut | 5 |
| 23 | Indiana | 5 |
| 24 | Tennessee | 5 |
| 25 | Delaware | 4 |
SBA loans for Motor Vehicle Towing by state
Similar industries
Frequently asked questions about SBA loans for Motor Vehicle Towing
Who are the top SBA lenders for Motor Vehicle Towing?▾
Based on historical SBA 7(a) data, the most active lenders for Motor Vehicle Towing (NAICS 488) include THE Huntington National Bank, TD Bank, National Association, Northeast Bank, and 17 more. THE Huntington National Bank leads with 84 approved loans.
What is the typical SBA loan size for Motor Vehicle Towing?▾
The median SBA 7(a) loan amount for Motor Vehicle Towing businesses is $150,000, based on 470 total approved loans in the dataset.
Which states have the most SBA lending activity for Motor Vehicle Towing?▾
California leads with 69 SBA 7(a) approvals for Motor Vehicle Towing, followed by Florida (53) and Ohio (41).
How do I find the best SBA lender for my motor vehicle towing business?▾
Start by reviewing the lender rankings on this page, which are based on real SBA approval data for NAICS 488. 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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