SBA Loans for Motor Vehicle Towing in North Carolina: Top Lenders
NAICS 488NAICS 488 covers motor vehicle towing businesses in North Carolina. Based on historical SBA 7(a) lending data.
Total Approvals
13
in North Carolina
Median Loan Size
$250,000
per approval
Recent Activity
0
last 90 days through Jan 2025
NAICS 488 covers motor vehicle towing businesses. This is a smaller category in SBA 7(a) lending with 13 approvals on record and a median loan size of $250,000.
Key trends & insights
- First Community Bank leads this industry with 2 approvals (15% market share) and a median loan of $1,020,000.
- SBA data for this industry goes through 2025-01-15 — 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 North Carolina
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 2 | $1,020,000 | |
| 2 | 2 | $2,125,000 | |
| 3 | 1 | $200,000 | |
| 4 | 1 | $1,329,900 | |
| 5 | 1 | $4,055,000 | |
| 6 | 1 | $250,000 | |
| 7 | 1 | $9,900 | |
| 8 | 1 | $250,000 | |
| 9 | 1 | $40,000 | |
| 10 | 1 | $150,000 | |
| 11 | 1 | $165,000 |
Recent SBA 7(a) approvals for Motor Vehicle Towing in North Carolina
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-01 | First National Bank of Pennsylvania | For*****LLC | CHARLOTTE, NC | $4,055,000 |
| 2025-01 | First Community Bank | PB**INC | Wilkesboro, NC | $960,000 |
| 2025-01 | First Community Bank | PB**INC | Wilkesboro, NC | $1,080,000 |
| 2024-11 | Northeast Bank | Hoo*****LLC | Randleman, NC | $250,000 |
| 2024-11 | Newtek Bank, National Association | JON*****LLC | Summerfield, NC | $250,000 |
| 2024-08 | Evolve Bank and Trust | A &*****NC. | Rural Hall, NC | $1,329,900 |
| 2024-04 | Celtic Bank Corporation | HBT*****ICS | Holly Springs, NC | $150,000 |
| 2024-01 | PNC Bank, National Association | 1ST*****LLC | CLAYTON, NC | $40,000 |
| 2023-12 | Carolina Small Business Development Fund | Ric*****LLC | Clayton, NC | $165,000 |
| 2023-08 | SouthState Bank, National Association | All*****nc. | BLADENBORO, NC | $200,000 |
| 2023-08 | SouthState Bank, National Association | DNA*****LLC | CLAYTON, NC | $100,000 |
| 2023-02 | Live Oak Banking Company | VEH*****LLC | RALEIGH, NC | $4,000,000 |
| 2023-02 | Live Oak Banking Company | VEH*****LLC | RALEIGH, NC | $250,000 |
| 2021-11 | Wells Fargo Bank National Association | STR*****ICE | HAMLET, NC | $10,000 |
| 2019-11 | Wells Fargo Bank National Association | WE'*****ING | HENDERSONVILLE, NC | $9,900 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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