SBA Loans for Coastal and Great Lakes Passenger Transportation: Top Lenders & Recent Approvals
NAICS 483NAICS 483 covers coastal and great lakes passenger transportation businesses. Based on historical SBA 7(a) lending data.
Total Approvals
15
for Coastal and Great Lakes Passenger Transportation
Median Loan Size
$500,000
per approval
Recent Activity
3
last 90 days through Jan 2025
NAICS 483 covers coastal and great lakes passenger transportation businesses. This is a smaller category in SBA 7(a) lending with 15 approvals on record and a median loan size of $500,000.
Key trends & insights
- Paradise Bank leads this industry with 3 approvals (18% market share) and a median loan of $2,000,000.
- Coastal and Great Lakes Passenger Transportation SBA lending clusters in Florida (40%), Georgia (7%), Louisiana (7%) — these three states represent 53% of all activity nationwide.
- SBA data for this industry goes through 2025-01-13 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Lending trends for Coastal and Great Lakes Passenger Transportation
Top lenders by historical volume
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 3 | $2,000,000 | |
| 2 | 2 | $15,000 | |
| 3 | 1 | $55,000 | |
| 4 | 1 | $750,000 | |
| 5 | 1 | $60,000 | |
| 6 | 1 | $50,000 | |
| 7 | 1 | $500,000 | |
| 8 | 1 | $300,000 | |
| 9 | 1 | $803,500 | |
| 10 | 1 | $918,000 | |
| 11 | 1 | $816,500 | |
| 12 | 1 | $150,000 | |
| 13 | 1 | $150,000 | |
| 14 | 1 | $75,000 |
Recent SBA 7(a) approvals for Coastal and Great Lakes Passenger Transportation
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-05 | Wells Fargo Bank National Association | ARB*****LLC | MORRISTOWN, NJ | $15,000 |
| 2025-02 | Northeast Bank | Mar*****ion | Brooklyn, NY | $150,000 |
| 2025-01 | KeyBank National Association | Nor*****nc. | Seattle, WA | $918,000 |
| 2024-08 | Hancock Whitney Bank | Cur*****LLC | MOBILE, AL | $60,000 |
| 2024-06 | Paragon Bank | Ohi*****LLC | PHILO, OH | $816,500 |
| 2024-02 | Newtek Bank, National Association | CK *****Inc | North Palm Beach, FL | $150,000 |
| 2023-11 | Readycap Lending, LLC | EL *****LLC | MONTGOMERY, TX | $50,000 |
| 2023-07 | SouthState Bank, National Association | 53 *****LLC | BOCA RATON, FL | $750,000 |
| 2023-05 | Business Resource Capital Specialty BIDCO, Inc. | Daw*****LLC | Harvey, LA | $500,000 |
| 2022-12 | Fifth Third Bank | TRE*****NC. | HOBE SOUND, FL | $300,000 |
| 2022-10 | Wells Fargo Bank National Association | BRE*****LLC | MADISON, WI | $10,000 |
| 2022-06 | Manufacturers and Traders Trust Company | Maj*****Inc | MANHASSET, NY | $75,000 |
| 2022-04 | Cadence Bank | Nor*****nc. | Saint Simons Island, GA | $803,500 |
| 2022-03 | IncredibleBank | Pos*****LLC | Miami, FL | $55,000 |
| 2021-07 | Paradise Bank | Ico*****LLC | FREEHOLD, NJ | $540,000 |
| 2021-04 | Paradise Bank | JHG*****LLC | POMPANO BEACH, FL | $2,000,000 |
| 2021-02 | Paradise Bank | ZE***INC | PALM BEACH, FL | $2,600,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
State-by-state breakdown
| # | State | Approvals |
|---|---|---|
| 1 | Florida | 6 |
| 2 | Georgia | 1 |
| 3 | Louisiana | 1 |
| 4 | New Jersey | 1 |
| 5 | New York | 1 |
| 6 | Ohio | 1 |
| 7 | Texas | 1 |
| 8 | Washington | 1 |
| 9 | Alabama | 1 |
| 10 | Wisconsin | 1 |
SBA loans for Coastal and Great Lakes Passenger Transportation by state
Similar industries
Frequently asked questions about SBA loans for Coastal and Great Lakes Passenger Transportation
Who are the top SBA lenders for Coastal and Great Lakes Passenger Transportation?▾
Based on historical SBA 7(a) data, the most active lenders for Coastal and Great Lakes Passenger Transportation (NAICS 483) include Paradise Bank, Wells Fargo Bank, National Association, Incrediblebank, and 11 more. Paradise Bank leads with 3 approved loans.
What is the typical SBA loan size for Coastal and Great Lakes Passenger Transportation?▾
The median SBA 7(a) loan amount for Coastal and Great Lakes Passenger Transportation businesses is $500,000, based on 15 total approved loans in the dataset.
Which states have the most SBA lending activity for Coastal and Great Lakes Passenger Transportation?▾
Florida leads with 6 SBA 7(a) approvals for Coastal and Great Lakes Passenger Transportation, followed by Georgia (1) and Louisiana (1).
How do I find the best SBA lender for my coastal and great lakes passenger transportation business?▾
Start by reviewing the lender rankings on this page, which are based on real SBA approval data for NAICS 483. You can also use the MyLenderPilot Lender Fit Quiz to get a personalized ranking based on your state, loan size, and years in business.
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