General Freight Trucking, Local (NAICS 484110): SBA acquisition loan data

What NAICS 484110 covers

NAICS 484110 is the 2022 NAICS code for General Freight Trucking, Local, in Truck Transportation (subsector 484) under Transportation and Warehousing.

This industry comprises establishments primarily engaged in providing local general freight trucking. General freight trucking establishments handle a wide variety of commodities, generally palletized and transported in a container or van trailer. Local general freight trucking establishments usually provide trucking within a metropolitan area which may cross state lines. Generally the trips are same-day return.

Source: U.S. Census Bureau, 2022 NAICS Manual (industry description for 484110).

Examples of businesses in this code

• Bulk mail truck transportation, contract, local
• Container trucking services, local
• General freight trucking, local
• Motor freight carrier, general, local
• Transfer (trucking) services, general freight, local
• Trucking, general freight, local

Source: U.S. Census Bureau, 2022 NAICS Index File.

Look up another NAICS code.

SBA size standard for NAICS 484110

$34 million in average annual receipts

This is the SBA small business size standard matched to NAICS 484110, General Freight Trucking, Local. Size standards in receipts are generally measured as the average annual receipts of the firm.

SBA's 7(a) program uses this size standard to decide whether a business is small enough to qualify; the lender makes that determination. For a business purchase, the combined size of the buyer and the acquired business must meet the applicable size standard (SOP 50 10 8.1, Section A, Ch. 1, "Small Under SBA Size Requirements").

Source: SBA Table of Size Standards, effective March 17, 2023, the table listed on that SBA page when this site was last built (November 1, 2026). Size standards change; confirm the current figure with your lender or at sba.gov/size.

Reading this industry's numbers

• Deal size. The loan excludes the buyer's equity and any seller note and may include working capital. A loan request far above $1,561,250 would be in the top quarter of SBA acquisition loans in this industry.
• Share of all acquisitions. This industry is 0.6% of all SBA-financed business purchases, ranking #34 of 300 industries tracked.
• Geography. Texas leads with 30 loans; the top five states account for 33% of the industry's acquisitions.
• Jobs. Lenders reported 5,960 jobs supported across these loans, about 19.1 per acquisition, a rough proxy for the size of business changing hands.

How the General Freight Trucking, Local industry compares

The median for loans to buy trucking companies is $969,900, well above the $645,250 median for all SBA-financed acquisitions nationally.

The middle half runs $582,800 to $1,561,250, against $283,000 to $1,465,000 nationally; the median term is 10 years, the same as the national median; the average initial rate is 7.72%, in line with the 7.76% national average.

Seasoned loans were charged off at 5.8%, well above the 3.5% rate for all acquisition loans.

Loan size distribution

Most loans to buy trucking companies (53%) were under $1M, and the largest single band is $350K to under $1M at 38%, against 33% of all acquisition loans.

Bands are fixed dollar ranges chosen for comparison. They are not SBA program limits.

Lender concentration

Celtic Bank made 22% of loans to buy trucking companies, and the top three lenders together made 34%. 23 of the 114 lenders involved made three or more. Repeat experience is spread across many banks. That is a rough guide to how many banks have seen this kind of deal before.

Recent activity

In FY2025 and FY2026 combined, 65 loans to buy trucking companies were approved. That is 6% fewer than the 69 approved in FY2023 and FY2024. The median was $1,356,000, above the $969,900 median across all years.

General Freight Trucking, Local acquisitions by year

How often do these acquisition loans fail?

Of the 138 General Freight Trucking, Local acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 8 have been charged off by the SBA, a rate of 5.8% by loan count and 2.3% by dollars. 78 have already been paid in full.

For comparison, the charge-off rate across all SBA 7(a) acquisition loans in the same cohort is 3.5%, so General Freight Trucking, Local is 65% higher than the acquisition-loan average. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.

"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.

Franchise brands in General Freight Trucking, Local

2% of acquisition loans in this industry involved a franchised unit. Brands with the most SBA-financed resales:

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