SBA Loans for Motor Vehicle Towing in Massachusetts: Top Lenders
NAICS 488NAICS 488 covers motor vehicle towing businesses in Massachusetts. Based on historical SBA 7(a) lending data.
Total Approvals
4
in Massachusetts
Median Loan Size
$165,000
per approval
Recent Activity
0
last 90 days through Aug 2024
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 $165,000.
Key trends & insights
- Motor Vehicle Towing in Massachusetts lending is concentrated — Manufacturers AND Traders Trust Company, Citizens Bank, National Association, THE Cape COD Five Cents Savings Bank together account for 75% of all approvals. If you're in this industry, these are your highest-probability lenders.
- Manufacturers AND Traders Trust Company leads this industry with 1 approvals (25% market share) and a median loan of $30,000.
- Motor Vehicle Towing in Massachusetts loans skew smaller than the SBA average at $165,000 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 2024-08-02 — 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 Massachusetts
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 1 | $30,000 | |
| 2 | 1 | $400,000 | |
| 3 | 1 | $300,000 | |
| 4 | 1 | $25,000 |
Recent SBA 7(a) approvals for Motor Vehicle Towing in Massachusetts
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-11 | First Commonwealth Bank | Wie*****nc. | QUINCY, MA | $338,000 |
| 2025-04 | St. Mary's CU | ADR*****LLC | MARLBOROUGH, MA | $50,500 |
| 2025-03 | Rockland Trust Company | Div*****LLC | BROCKTON, MA | $49,500 |
| 2024-09 | United Midwest Savings Bank National Association | CAR*****LLC | Stoneham, MA | $150,000 |
| 2024-09 | TD Bank, National Association | Mes*****.C. | SOUTHBRIDGE, MA | $25,000 |
| 2024-08 | St. Mary's CU | Fra*****LLC | FRAMINGHAM, MA | $31,000 |
| 2024-08 | The Cape Cod Five Cents Savings Bank | Cap*****nc. | Hyannis, MA | $300,000 |
| 2024-07 | Eastern Bank | Dol*****nc. | CHELSEA, MA | $200,000 |
| 2024-06 | Manufacturers and Traders Trust Company | HP *****LLC | METHUEN, MA | $30,000 |
| 2024-03 | TD Bank, National Association | Whi*****LLC | PEMBROKE, MA | $25,000 |
| 2023-10 | Citizens Bank, National Association | Blu*****LLC | NORWOOD, MA | $400,000 |
| 2023-09 | TD Bank, National Association | JLB****ing | NORFOLK, MA | $23,000 |
| 2023-07 | TD Bank, National Association | Up *****LLC | NORWOOD, MA | $25,000 |
| 2023-05 | TD Bank, National Association | RJ**LLC | LEOMINSTER, MA | $1,100,000 |
| 2023-05 | Salem Five Cents Savings Bank | Sta*****nc. | TEWKSBURY, MA | $150,000 |
| 2022-12 | Needham Bank | SMA*****LLC | SPENCER, MA | $35,000 |
| 2022-08 | St. Mary's CU | Ken*****Inc | LEOMINSTER, MA | $47,200 |
| 2021-10 | Webster Five Cents Savings Bank | R &*****nc. | AUBURN, MA | $15,000 |
| 2021-09 | Webster Five Cents Savings Bank | R &*****nc. | AUBURN, MA | $15,000 |
| 2020-10 | TD Bank, National Association | ACC*****LLC | Peabody, MA | $85,000 |
| 2020-04 | Eastern Bank | NEA*****ted | Bridgewater, MA | $25,000 |
| 2020-01 | TD Bank, National Association | A&G*****RP. | Leominster, MA | $150,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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