SBA Loans for Motor Vehicle Towing in Virginia: Top Lenders
NAICS 488NAICS 488 covers motor vehicle towing businesses in Virginia. Based on historical SBA 7(a) lending data.
Total Approvals
9
in Virginia
Median Loan Size
$196,400
per approval
Recent Activity
0
last 90 days through Mar 2025
NAICS 488 covers motor vehicle towing businesses. This is a smaller category in SBA 7(a) lending with 9 approvals on record and a median loan size of $196,400.
Key trends & insights
- Motor Vehicle Towing in Virginia lending is concentrated — First Community Bank, Northeast Bank, Cadence Bank together account for 56% of all approvals. If you're in this industry, these are your highest-probability lenders.
- First Community Bank leads this industry with 3 approvals (33% market share) and a median loan of $231,500.
- Motor Vehicle Towing in Virginia loans skew smaller than the SBA average at $196,400 median (vs. ~$450,000 overall) — good news if you need a smaller amount and want to avoid lenders with high minimums.
Most active SBA lenders for Motor Vehicle Towing in Virginia
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 3 | $231,500 | |
| 2 | 1 | $108,300 | |
| 3 | 1 | $350,000 | |
| 4 | 1 | $130,000 | |
| 5 | 1 | $40,000 | |
| 6 | 1 | $250,000 | |
| 7 | 1 | $53,500 |
Recent SBA 7(a) approvals for Motor Vehicle Towing in Virginia
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-03 | First Community Bank | SWV*****nc. | CHRISTIANSBURG, VA | $231,500 |
| 2025-03 | First Community Bank | DCT*****LLC | RINER, VA | $196,400 |
| 2025-02 | Lendistry SBLC, LLC | EXO*****LLC | CHESAPEAKE, VA | $150,000 |
| 2025-01 | Northeast Bank | EXO*****LLC | Chesapeake, VA | $108,300 |
| 2024-02 | Bank of Hope | Nue*****LLC | FAIRFAX, VA | $250,000 |
| 2024-01 | Wells Fargo Bank National Association | RED*****LLC | SUFFOLK, VA | $40,000 |
| 2023-08 | Wells Fargo Bank National Association | U T*****LLC | CENTREVILLE, VA | $35,000 |
| 2022-02 | First Community Bank | Les*****LLC | LAMBSBURG, VA | $331,700 |
| 2022-02 | Cadence Bank | MA***Inc | BUMPASS, VA | $350,000 |
| 2021-04 | New Horizon Bank, National Association | AAL*****LLC | MINERAL, VA | $30,000 |
| 2020-02 | First Savings Bank | CAR*****LLC | HALIFAX, VA | $130,000 |
| 2019-11 | New Horizon Bank, National Association | AAL*****LLC | Mineral, VA | $53,500 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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