SBA Loans for Motor Vehicle Towing in Delaware: Top Lenders
NAICS 488NAICS 488 covers motor vehicle towing businesses in Delaware. Based on historical SBA 7(a) lending data.
Total Approvals
4
in Delaware
Median Loan Size
$1,198,900
per approval
Recent Activity
0
last 90 days through Apr 2023
NAICS 488 covers motor vehicle towing businesses. This is a smaller category in SBA 7(a) lending with 4 approvals on record and a median loan size of $1,198,900.
Key trends & insights
- Motor Vehicle Towing in Delaware lending is concentrated — Grow America Fund, Incorporated, Newtek Small Business Finance, INC., TD Bank, National Association together account for 75% of all approvals. If you're in this industry, these are your highest-probability lenders.
- Grow America Fund, Incorporated leads this industry with 1 approvals (25% market share) and a median loan of $1,790,000.
- Motor Vehicle Towing in Delaware loans run larger than the SBA average — a $1,198,900 median vs. ~$450,000 across all industries. These businesses typically need more capital.
- SBA data for this industry goes through 2023-04-19 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Motor Vehicle Towing in Delaware
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 1 | $1,790,000 | |
| 2 | 1 | $1,994,300 | |
| 3 | 1 | $20,000 | |
| 4 | 1 | $607,800 |
Recent SBA 7(a) approvals for Motor Vehicle Towing in Delaware
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2023-04 | Grow America Fund, Incorporated | Eas*****LLC | Clayton, DE | $1,790,000 |
| 2022-11 | Manufacturers and Traders Trust Company | CAM*****LLC | NEW CASTLE, DE | $50,000 |
| 2022-08 | TD Bank, National Association | RNM*****LLC | DOVER, DE | $20,000 |
| 2022-04 | Celtic Bank Corporation | CAM*****LLC | New Castle, DE | $607,800 |
| 2022-01 | Newtek Small Business Finance, Inc. | 4 P*****LLC | CAMDEN WYOMING, DE | $1,994,300 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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