Specialized Freight Trucking, Local: SBA business acquisition loan data
31 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Specialized Freight (except Used Goods) Trucking, Local (NAICS 484220), totaling $37.3M. Median loan $880,000, 36% higher than the all-acquisition median.
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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 $1,723,100 would be in the top quarter of SBA acquisition loans in this industry.
- Share of all acquisitions. This industry is 0.1% of all SBA-financed business purchases, ranking #221 of 300 industries tracked.
- Geography. California leads with 4 loans; the top five states account for 42% of the industry's acquisitions.
- Jobs. Lenders reported 696 jobs supported across these loans, about 22.5 per acquisition, a rough proxy for the size of business changing hands.
Specialized Freight Trucking, Local acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $2.3M | $1,135,300 | |
| FY2019 | 2 | $1.5M | $772,100 | |
| FY2020 | 6 | $6.7M | $892,650 | |
| FY2021 | 10 | $13M | $860,000 | |
| FY2022 | 1 | $781K | $781,000 | |
| FY2023 | 1 | $525K | $525,000 | |
| FY2024 | 7 | $7.6M | $719,000 | |
| FY2025 | 1 | $1.6M | $1,600,000 | |
| FY2026 | 1 | $3.3M | $3,325,000 |
How often do these acquisition loans fail?
Of the 20 Specialized Freight Trucking, Local acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 1 have been charged off by the SBA, a rate of 5.0% by loan count and 2.1% by dollars. 8 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 Specialized Freight Trucking, Local is 42% 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.
Seller note standby terms and third-party consents are reviewed before closing.
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Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | California | 4 | 12.9% | $3.1M | |
| 2 | Wisconsin | 3 | 9.7% | $4.8M | |
| 3 | Texas | 2 | 6.5% | $2.9M | |
| 4 | North Carolina | 2 | 6.5% | $2.7M | |
| 5 | West Virginia | 2 | 6.5% | $2.5M | |
| 6 | New York | 2 | 6.5% | $1.8M | |
| 7 | New Hampshire | 2 | 6.5% | $1.1M | |
| 8 | Louisiana | 1 | 3.2% | $4M | |
| 9 | Tennessee | 1 | 3.2% | $2.2M | |
| 10 | Kansas | 1 | 3.2% | $1.7M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 6 | 19.4% | $4.6M | |
| 2 | The Huntington National Bank | 4 | 12.9% | $8M | |
| 3 | Celtic Bank Corporation | 3 | 9.7% | $3.8M | |
| 4 | First Internet Bank of Indiana | 2 | 6.5% | $1.8M | |
| 5 | Ixonia Bank | 1 | 3.2% | $3.3M | |
| 6 | First Business Bank | 1 | 3.2% | $2.2M | |
| 7 | City National Bank | 1 | 3.2% | $2M | |
| 8 | Kendall Bank | 1 | 3.2% | $1.7M | |
| 9 | CFBank National Association | 1 | 3.2% | $1.7M | |
| 10 | Heritage Bank | 1 | 3.2% | $1.6M |
That draft favors the seller. We review it for the buyer, line by line.
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Questions buyers ask
How much is a typical SBA loan to buy a business in Specialized Freight Trucking, Local?
Median $880,000 across 31 acquisition loans (FY2018 to FY2026); the middle half ran $386,750 to $1,723,100. That is 36% higher than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Specialized Freight Trucking, Local acquisitions?
Live Oak Banking Company (6), The Huntington National Bank (4), Celtic Bank Corporation (3), First Internet Bank of Indiana (2), Ixonia Bank (1).
Are businesses in Specialized Freight Trucking, Local often franchised?
Rarely. Only 0% of acquisition loans in this industry involved a franchised business; most are independent operators.
How risky are SBA loans for buying a business in Specialized Freight Trucking, Local?
Of 20 seasoned loans (FY2018 to FY2021), 5.0% charged off, 42% higher than the 3.5% benchmark for all SBA acquisition loans.
What loan terms are common for Specialized Freight Trucking, Local acquisitions?
Median term 10 years, average initial rate 7.33% at approval (blended across years and fixed/variable structures). Terms longer than 10 years usually indicate real estate was included in the purchase.
The purchase agreement decides what you bought, not the loan approval.
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