SBA Loans for Motor Vehicle Towing in Colorado: Top Lenders
NAICS 488NAICS 488 covers motor vehicle towing businesses in Colorado. Based on historical SBA 7(a) lending data.
Total Approvals
3
in Colorado
Median Loan Size
$877,600
per approval
Recent Activity
0
last 90 days through May 2024
NAICS 488 covers motor vehicle towing businesses. This is a smaller category in SBA 7(a) lending with 3 approvals on record and a median loan size of $877,600.
Key trends & insights
- Motor Vehicle Towing in Colorado lending is concentrated — Readycap Lending, LLC, First Southwest Bank, Midwest Regional Bank together account for 100% of all approvals. If you're in this industry, these are your highest-probability lenders.
- Readycap Lending, LLC leads this industry with 1 approvals (33% market share) and a median loan of $877,600.
- Motor Vehicle Towing in Colorado loans run larger than the SBA average — a $877,600 median vs. ~$450,000 across all industries. These businesses typically need more capital.
- SBA data for this industry goes through 2024-05-24 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Motor Vehicle Towing in Colorado
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 1 | $877,600 | |
| 2 | 1 | $448,000 | |
| 3 | 1 | $1,557,000 |
Recent SBA 7(a) approvals for Motor Vehicle Towing in Colorado
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2024-05 | Midwest Regional Bank | Sur*****nc. | Colorado Springs, CO | $1,557,000 |
| 2023-02 | Readycap Lending, LLC | Fro*****LLC | PUEBLO, CO | $877,600 |
| 2021-06 | First Southwest Bank | Gre*****LLC | DURANGO, CO | $448,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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