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NAICS 532411Real Estate

How Much Can Commercial Air, Rail, and Water Transportation Equipment Rental and Le Businesses Get in SBA Loans?

228 SBA loans totaling $126.2M have been approved for commercial air, rail, and water transportation equipment rental and le businesses (NAICS 532411). The average approved SBA loan is $553K, which is 63% above avg the $340K national average. 108 active lenders fund this industry with a 8.1% default rate on the matured 2018-2021 loan cohort.

Low default risk8.1% vs 15.4% all-industry avg

At 8.1%, Commercial Air, Rail, and Water Transportation Equipment Rental and Le sits well below the 15.4% all-industry SBA default rate (charged-off as a share of resolved loans) — low default risk relative to other SBA industries. Lenders price this risk into rate and structure, which is why matching the file to the right lender matters.

Quick Answer

NAICS 532411 (Commercial Air, Rail, and Water Transportation Equipment Rental and Le) received 228 SBA loans worth $126.2M across 5+ states. Average loan $553K, average term 134 months, 8.1% default rate (resolved-loan basis).108 active SBA-approved lenders fund this industry. Most commercial air, rail, and water transportation equipment rental and le loans use the SBA 504 program. There are approximately 642 U.S. establishments in this industry (Census 2022).

228
Total SBA Loans
$126.2M
Total Volume
$553K
Avg Loan Size
63% above avg
108
Active Lenders
134 mo
Avg Term
3% above avg
1,687
Jobs Supported

Is SBA Lending Growing for Commercial Air, Rail, and Water Transportation Equipment Rental and Le?

14
11
9
7
11
10
6
13
9
14
16
17
18
19
20
21
22
23
24
25
$4.3M
$9.2M
$10.5M
$9.7M
$11.9M
$6.4M
$2.1M
$7.4M
$8.1M
$5.4M

Which SBA Program Do Commercial Air, Rail, and Water Transportation Equipment Rental and Le Businesses Use Most?

SBA 7(a)200 (88%)
SBA 50428 (12%)

What Is the Best SBA Loan for Commercial Air, Rail, and Water Transportation Equipment Rental and Le?

SBA 504

12% of commercial air, rail, and water transportation equipment rental and le loans use this program — ideal for real estate and major equipment purchases

Industry avg loan: $553K
Typical term: 134 months
Historical avg rate: 7.09%
108+ lenders active in this industry
Default rate (2018–21 matured cohort): 8.1%

Where Are Commercial Air, Rail, and Water Transportation Equipment Rental and Le SBA Loans Most Common?

#1
CA
26 loans
$13.0M
#2
TX
23 loans
$12.9M
#3
FL
15 loans
$11.8M
#4
IL
14 loans
$6.9M
#5
LA
11 loans
$9.9M

Top SBA Lenders for Commercial Air, Rail, and Water Transportation Equipment Rental and Le

These banks have funded the most SBA loans for commercial air, rail, and water transportation equipment rental and le businesses (NAICS 532411). PeerSense routes deals to lenders with proven appetite in your industry.

#LenderLoansVolume
1Wells Fargo Bank National Association(SD)14$3.3M
2U.S. Bank, National Association(OH)11$3.4M
3Bank of America, National Association(NC)9$605K
4The Huntington National Bank(OH)7$3.4M
5SouthWest Bank(TX)7$4.5M

Commercial Air, Rail, and Water Transportation Equipment Rental and Le Industry Context

U.S. Establishments
642
U.S. Census Bureau · 2022
SBA Penetration
35.51%
SBA loans per establishment

Ready to Fund Your Commercial Air, Rail, and Water Transportation Equipment Rental and Le Business?

PeerSense places SBA loans for commercial air, rail, and water transportation equipment rental and le businesses nationwide. We match you with the right capital source — no retainers, referral fee at closing.

$0

Retainers

10%

Down with SBA 7(a)

25yr

Terms Available

Financing a Commercial Air, Rail, and Water Transportation Equipment Rental and Le business? Get matched to an SBA lender.

Tell us your loan amount and use of funds. We route you to the lender most likely to fund a deal in your industry.

SBA 7(a) / 504 — Response within 4 business hours. No obligation.

No retainers · Referral fee at closing · Or call (317) 452-6990

How Does SBA Lending Work for Commercial Air, Rail, and Water Transportation Equipment Rental and Le Businesses?

Across all SBA loan programs, 228 loans have been approved for businesses classified under NAICS 532411 (Commercial Air, Rail, and Water Transportation Equipment Rental and Le), representing $126.2M in total capital deployed. The average approved loan of $553K is 63% above avg the national SBA average of $340K, with typical repayment terms of 134 months.

SBA lending for commercial air, rail, and water transportation equipment rental and le has remained relatively stable across recent fiscal years. 108 active lenders continue funding this sector, providing consistent access to capital for both new ventures and established businesses looking to expand.

The industry sees a balanced mix of SBA programs, with 12% of loans using the 504 program for fixed asset acquisition and the majority using 7(a) for its flexibility across working capital, equipment, and business acquisition uses. SBA 7(a) loans offer up to $5M with terms up to 25 years for real estate.

PeerSense specializes in matching commercial air, rail, and water transportation equipment rental and le business owners with the capital sources most likely to approve their specific deal structure. As an advisory firm (not a lender), we structure your deal across our network of 500+ SBA-approved lenders to find the best terms — our referral fee is established upfront and paid at closing. No retainers.

Frequently Asked Questions — Commercial Air, Rail, and Water Transportation Equipment Rental and Le SBA Loans

What is the average SBA loan size for commercial air, rail, and water transportation equipment rental and le businesses?
Based on 228 approved SBA loans, the average loan size for commercial air, rail, and water transportation equipment rental and le (NAICS 532411) is $553K. This compares to the national SBA average of $340K across all industries.
Which SBA loan program is best for a commercial air, rail, and water transportation equipment rental and le business?
SBA 504 is the most commonly used SBA program for commercial air, rail, and water transportation equipment rental and le businesses. 12% of commercial air, rail, and water transportation equipment rental and le loans use this program — ideal for real estate and major equipment purchases. PeerSense can analyze your specific deal to determine the optimal program.
How many lenders fund SBA loans for commercial air, rail, and water transportation equipment rental and le?
108 different SBA-approved lenders have funded loans in this industry. Not all lenders are equally active in every industry — PeerSense matches your deal with lenders who have experience and appetite in the commercial air, rail, and water transportation equipment rental and le sector.
What states have the most SBA lending for commercial air, rail, and water transportation equipment rental and le?
CA leads with 26 SBA loans and $13.0M in total volume for commercial air, rail, and water transportation equipment rental and le businesses. TX, FL, IL also show strong lending activity in this sector.
How does PeerSense help commercial air, rail, and water transportation equipment rental and le businesses get SBA loans?
PeerSense is a capital advisory firm — not a lender. We analyze your deal (loan amount, down payment, business financials) and match you with SBA-approved lenders experienced in the commercial air, rail, and water transportation equipment rental and le industry. Our referral fee is established upfront in our agreement and paid at closing. No retainers.

Data aggregated from SBA loan records (1992–2025). Commercial Air, Rail, and Water Transportation Equipment Rental and Le defined by NAICS code 532411. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.