SBA Loans for Motor Vehicle Towing in Maine: Top Lenders
NAICS 488NAICS 488 covers motor vehicle towing businesses in Maine. Based on historical SBA 7(a) lending data.
Total Approvals
2
in Maine
Median Loan Size
$28,250
per approval
Recent Activity
0
last 90 days through Aug 2023
NAICS 488 covers motor vehicle towing businesses. This is a smaller category in SBA 7(a) lending with 2 approvals on record and a median loan size of $28,250.
Key trends & insights
- Motor Vehicle Towing in Maine loans skew smaller than the SBA average at $28,250 median (vs. ~$450,000 overall) — good news if you need a smaller amount and want to avoid lenders with high minimums.
- SBA data for this industry goes through 2023-08-08 — 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 Maine
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 2 | $28,250 |
Recent SBA 7(a) approvals for Motor Vehicle Towing in Maine
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2023-08 | TD Bank, National Association | McE*****LLC | NEWPORT, ME | $41,500 |
| 2022-08 | TD Bank, National Association | Col*****ane | CRYSTAL, ME | $15,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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