How Much Can Taxi Service Businesses Get in SBA Loans?
1,540 SBA loans totaling $199.0M have been approved for taxi service businesses (NAICS 485310). The average approved SBA loan is $129K, which is 62% below avg the $340K national average. 226 active lenders fund this industry with a 14.7% default rate on the matured 2018-2021 loan cohort.
At 14.7%, Taxi Service sits below the 15.4% all-industry SBA default rate (charged-off as a share of resolved loans) — moderate 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.
NAICS 485310 (Taxi Service) received 1,540 SBA loans worth $199.0M across 5+ states. Average loan $129K, average term 109 months, 14.7% default rate (resolved-loan basis).226 active SBA-approved lenders fund this industry. Most taxi service loans use the SBA 7(a) program.
Is SBA Lending Growing for Taxi Service?
Which SBA Program Do Taxi Service Businesses Use Most?
What Is the Best SBA Loan for Taxi Service?
The most widely used SBA program for taxi service businesses — flexible terms, multiple use cases
Where Are Taxi Service SBA Loans Most Common?
Top SBA Lenders for Taxi Service
These banks have funded the most SBA loans for taxi service businesses (NAICS 485310). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | Popular Bank(NY) | 222 | $33.8M |
| 2 | Amerant Bank, National Association(FL) | 202 | $29.4M |
| 3 | Citizens Bank, National Association(RI) | 101 | $4.3M |
| 4 | JPMorgan Chase Bank, National Association(OH) | 84 | $4.7M |
| 5 | TD Bank, National Association(DE) | 81 | $3.8M |
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How Does SBA Lending Work for Taxi Service Businesses?
Across all SBA loan programs, 1,540 loans have been approved for businesses classified under NAICS 485310 (Taxi Service), representing $199.0M in total capital deployed. The average approved loan of $129K is 62% below avg the national SBA average of $340K, with typical repayment terms of 109 months.
SBA lending for taxi service has remained relatively stable across recent fiscal years. 226 active lenders continue funding this sector, providing consistent access to capital for both new ventures and established businesses looking to expand.
The overwhelming majority of SBA lending for taxi service 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 taxi service 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 — Taxi Service SBA Loans
What is the average SBA loan size for taxi service businesses?
Which SBA loan program is best for a taxi service business?
How many lenders fund SBA loans for taxi service?
What states have the most SBA lending for taxi service?
How does PeerSense help taxi service businesses get SBA loans?
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Data aggregated from SBA loan records (1992–2025). Taxi Service defined by NAICS code 485310. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.