Posts tagged SBA Trucking Company Loans
SBA 7(a) Loans for Trucking and Transport Companies

Right now, there are approximately 500,000 trucking companies in the U.S., employing 3.5 million people and generating nearly $700 billion in revenue each year. Between 2006 and 2015, trucking and transport companies took out more than $774 million in SBA 7(a) loans, with an average loan size of $106,000. And, since 7(a) loans have a variety of uses including funding working capital, owner-occupied commercial real estate, and equipment purchases, it’s not hard to see why they’re so popular for trucking firms.

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