What is the SBA loan default rate for General Freight Trucking, Local?

At 17.8%, General Freight Trucking, Local sits above the 15.4% all-industry SBA default rate (charged-off as a share of resolved loans), above average default risk relative to other SBA industries. The rate is measured on the resolved loans (paid in full or charged off), loans that have reached a final outcome. 1182 lenders actively fund this industry.

Which SBA program is best for General Freight Trucking, Local?

The SBA 7(a) program is the most commonly used for General Freight Trucking, Local businesses, accounting for the majority of approved loans. The SBA 504 program is popular for larger real estate and equipment purchases.

NAICS 484110Transportation & Warehousing

How Much Can General Freight Trucking, Local Businesses Get in SBA Loans?

Name: General Freight Trucking, Local SBA Loan Performance Data (NAICS 484110)
Creator: PeerSense
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19,987 SBA loans totaling $3.8B have been approved for general freight trucking, local businesses (NAICS 484110). The average approved SBA loan is $191K, which is 44% below avg the $340K national average. 1182 active lenders fund this industry with a 17.8% default rate on the matured 2018-2021 loan cohort.

Above average default risk17.8% vs 15.4% all-industry avg

At 17.8%, General Freight Trucking, Local sits above the 15.4% all-industry SBA default rate (charged-off as a share of resolved loans), above average 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 484110 (General Freight Trucking, Local) received 19,987 SBA loans worth $3.8B across 5+ states. Average loan $191K, average term 93 months, 17.8% default rate (resolved-loan basis).1182 active SBA-approved lenders fund this industry. Most general freight trucking, local loans use the SBA 7(a) program.

19,987

Total SBA Loans

$3.8B

Total Volume

$191K

Avg Loan Size

44% below avg

1,182

Active Lenders

93 mo

Avg Term

28% below avg

123,562

Jobs Supported

Is SBA Lending Growing for General Freight Trucking, Local?-19% decline

895

904

1,120

870

918

985

878

1,082

977

875

$142.3M

$168.0M

$192.6M

$168.2M

$238.7M

$397.9M

$271.8M

$272.7M

$274.2M

$302.8M

Which SBA Program Do General Freight Trucking, Local Businesses Use Most?

SBA 7(a)19,156 (96%)

SBA 504832 (4%)

What Is the Best SBA Loan for General Freight Trucking, Local?

SBA 7(a)

The most widely used SBA program for general freight trucking, local businesses: flexible terms, multiple use cases

Industry avg loan: $191K

Typical term: 93 months

Historical avg rate: 7.58%

1182+ lenders active in this industry

Default rate (2018–21 matured cohort): 17.8%

Where Are General Freight Trucking, Local SBA Loans Most Common?

2,278 loans

$812.6M

1,990 loans

$203.5M

1,503 loans

$186.2M

1,248 loans

$229.5M

1,192 loans

$222.9M

SBA Lending Activity in General Freight Trucking, Local

1,182 SBA lenders have funded 19,987 loans to general freight trucking, local businesses (NAICS 484110). Which lender approves your deal depends on your location, loan size, credit profile and time in business, not on who funded someone else. PeerSense makes the introduction.

Loans funded

19,987

Active lenders

1,182

Total volume

$3.8B

Avg loan size

$191K

Browse all SBA lenders Best SBA lenders 2026

General Freight Trucking, Local Industry Context

U.S. Employment

28,615,000

BLS · 2026

Ready to Fund Your General Freight Trucking, Local Business?

PeerSense places SBA loans for general freight trucking, local businesses nationwide. We match you with the right capital source. Referral fee at closing.

Retainers

10%

Down with SBA 7(a)

25yr

Terms Available

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Financing a General Freight Trucking, Local business? Get matched to an SBA lender.

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How Does SBA Lending Work for General Freight Trucking, Local Businesses?

Across all SBA loan programs, 19,987 loans have been approved for businesses classified under NAICS 484110 (General Freight Trucking, Local), representing $3.8B in total capital deployed. The average approved loan of $191K is 44% below avg the national SBA average of $340K, with typical repayment terms of 93 months.

SBA lending for general freight trucking, local has contracted approximately 19% over recent fiscal years. This shift may reflect changing market conditions, industry consolidation, or tightening credit standards in this sector. However, 1182 lenders remain active, maintaining competitive options for qualified borrowers.

The overwhelming majority of SBA lending for general freight trucking, local uses the 7(a) program, which provides the most flexibility, covering working capital, equipment purchases, partner buyouts, debt refinancing, and business acquisitions up to $5M with terms up to 25 years.

PeerSense specializes in matching general freight trucking, local 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.

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Frequently Asked Questions: General Freight Trucking, Local SBA Loans

What is the average SBA loan size for general freight trucking, local businesses?

Based on 19,987 approved SBA loans, the average loan size for general freight trucking, local (NAICS 484110) is $191K. This compares to the national SBA average of $340K across all industries.

Which SBA loan program is best for a general freight trucking, local business?

SBA 7(a) is the most commonly used SBA program for general freight trucking, local businesses. The most widely used SBA program for general freight trucking, local businesses: flexible terms, multiple use cases. PeerSense can analyze your specific deal to determine the optimal program.

How many lenders fund SBA loans for general freight trucking, local?

1182 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 general freight trucking, local sector.

What states have the most SBA lending for general freight trucking, local?

CA leads with 2,278 SBA loans and $812.6M in total volume for general freight trucking, local businesses. OH, MI, TX also show strong lending activity in this sector.

How does PeerSense help general freight trucking, local 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 general freight trucking, local industry. Our referral fee is established upfront in our agreement and paid at closing.

Related Transportation & Warehousing Industries

General Freight Trucking, Long Distance, Truckload

20,038 loans · N/A

Avg: $182K

Specialized Freight (except Used Goods) Trucking, Local

Motor Vehicle Towing

Freight Transportation Arrangement

3,253 loans · N/A

Avg: $335K

Specialized Freight (except Used Goods) Trucking, Long-Distance

2,311 loans · N/A

Avg: $211K

Used Household and Office Goods Moving

2,225 loans · N/A

Avg: $370K

Data aggregated from SBA loan records (1992–2025). General Freight Trucking, Local defined by NAICS code 484110. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.