SBA Loans for Motor Vehicle Towing in Connecticut: Top Lenders
NAICS 488NAICS 488 covers motor vehicle towing businesses in Connecticut. Based on historical SBA 7(a) lending data.
Total Approvals
5
in Connecticut
Median Loan Size
$150,000
per approval
Recent Activity
0
last 90 days through Feb 2025
NAICS 488 covers motor vehicle towing businesses. This is a smaller category in SBA 7(a) lending with 5 approvals on record and a median loan size of $150,000.
Key trends & insights
- Motor Vehicle Towing in Connecticut lending is concentrated — Webster Bank, National Association, Truliant FCU, Manufacturers AND Traders Trust Company together account for 80% of all approvals. If you're in this industry, these are your highest-probability lenders.
- Webster Bank, National Association leads this industry with 2 approvals (40% market share) and a median loan of $160,200.
- Motor Vehicle Towing in Connecticut 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.
- SBA data for this industry goes through 2025-02-18 — 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 Connecticut
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 2 | $160,200 | |
| 2 | 1 | $2,050,000 | |
| 3 | 1 | $150,000 | |
| 4 | 1 | $50,000 |
Recent SBA 7(a) approvals for Motor Vehicle Towing in Connecticut
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-02 | TD Bank, National Association | Lux*****LLC | NEW HAVEN, CT | $50,000 |
| 2024-08 | Truliant FCU | MEA*****LLC | GAYLORDSVILLE, CT | $2,050,000 |
| 2022-05 | Webster Bank National Association | AB ****LLP | MANCHESTER, CT | $20,400 |
| 2020-02 | Manufacturers and Traders Trust Company | KLE*****LLC | NORWICH, CT | $150,000 |
| 2019-11 | Webster Bank National Association | Lau*****LLC | Colebrook, CT | $300,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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