General Freight Trucking, Local acquisitions in Arizona: SBA loan data
Since FY2018, SBA lenders have approved 10 7(a) loans to buy an existing business classified as General Freight Trucking, Local in Arizona, totaling $10.2M. The median loan was $1,028,050. That is 0.9% of the 1,095 acquisition loans in Arizona.
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How this compares
The median General Freight Trucking, Local loan in Arizona is 34% higher than the $770,000 median for all Arizona acquisitions, and 6% higher than the $969,900 median for General Freight Trucking, Local acquisitions nationwide (312 loans).
This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 5.8% of seasoned General Freight Trucking, Local acquisition loans were charged off, and 3.5% of seasoned Arizona acquisition loans of any type.
General Freight Trucking, Local acquisition loans in Arizona by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 2 | $1.5M | $738,550 | |
| FY2022 | 1 | $1.3M | $1,300,000 | |
| FY2023 | 4 | $2.7M | $618,000 | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 3 | $4.8M | $1,445,000 | |
| FY2026 | 0 | $0 | - |
How often do these acquisition loans fail?
Fewer than 20 General Freight Trucking, Local in Arizona acquisition loans are old enough to measure losses reliably, so no charge-off rate is shown. The benchmark across all SBA acquisition loans in the FY2018 to FY2021 cohort is 3.5% by count. 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.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 2 | 20.0% | $3.6M | |
| 2 | Byline Bank | 2 | 20.0% | $1.7M | |
| 3 | GBank | 1 | 10.0% | $1.2M | |
| 4 | Celtic Bank Corporation | 1 | 10.0% | $1.1M | |
| 5 | Readycap Lending, LLC | 1 | 10.0% | $989K |
Top franchise brands
No franchise brands recorded in this combination.
Seller note standby terms and third-party consents are reviewed before closing.
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Questions buyers ask
How much do SBA loans for General Freight Trucking, Local acquisitions in Arizona run?
The median SBA 7(a) loan was $1,028,050 across 10 loans (FY2018 to FY2026). The loan excludes the buyer's equity and any seller note and may include working capital, so the price is usually higher than the loan.
Which banks finance General Freight Trucking, Local acquisitions in Arizona?
The Huntington National Bank (2), Byline Bank (2), GBank (1), Celtic Bank Corporation (1), Readycap Lending, LLC (1).
How often do General Freight Trucking, Local acquisition loans fail in Arizona?
Fewer than 20 loans in this combination are old enough to measure losses reliably, so no rate is shown. The national benchmark for all SBA acquisition loans is 3.5% (FY2018 to FY2021 cohort).
Are franchised businesses part of General Freight Trucking, Local acquisitions in Arizona?
None of the 10 loans in this combination were recorded with a franchise brand.
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Small samples move a lot: each loan in this combination is 10% of the count. Industry is the NAICS code the lender recorded. See the methodology.