SBA Loans for Motor Vehicle Towing in New Jersey: Top Lenders
NAICS 488NAICS 488 covers motor vehicle towing businesses in New Jersey. Based on historical SBA 7(a) lending data.
Total Approvals
17
in New Jersey
Median Loan Size
$100,000
per approval
Recent Activity
2
last 90 days through Nov 2025
NAICS 488 covers motor vehicle towing businesses. This is a smaller category in SBA 7(a) lending with 17 approvals on record and a median loan size of $100,000.
Key trends & insights
- Motor Vehicle Towing in New Jersey lending is concentrated — TD Bank, National Association, THE Huntington National Bank, PNC Bank, National Association together account for 59% of all approvals. If you're in this industry, these are your highest-probability lenders.
- TD Bank, National Association leads this industry with 6 approvals (35% market share) and a median loan of $25,000.
- Motor Vehicle Towing in New Jersey loans skew smaller than the SBA average at $100,000 median (vs. ~$450,000 overall) — good news if you need a smaller amount and want to avoid lenders with high minimums.
Most active SBA lenders for Motor Vehicle Towing in New Jersey
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 6 | $25,000 | |
| 2 | 2 | $187,750 | |
| 3 | 2 | $35,000 | |
| 4 | 1 | $100,000 | |
| 5 | 1 | $150,000 | |
| 6 | 1 | $200,000 | |
| 7 | 1 | $722,500 | |
| 8 | 1 | $2,500,000 | |
| 9 | 1 | $2,399,500 | |
| 10 | 1 | $585,300 |
Recent SBA 7(a) approvals for Motor Vehicle Towing in New Jersey
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-11 | The Huntington National Bank | MOO*****LLC | EAST BRUNSWICK, NJ | $50,000 |
| 2025-11 | The Huntington National Bank | MOO*****LLC | EAST BRUNSWICK, NJ | $325,500 |
| 2025-07 | Citizens Bank, National Association | Lot*****LLC | RAMSEY, NJ | $400,000 |
| 2025-03 | Northeast Bank | Pow*****LLC | Oak Ridge, NJ | $150,000 |
| 2025-01 | TD Bank, National Association | Fly*****nc. | EASTAMPTON, NJ | $250,000 |
| 2024-11 | TD Bank, National Association | Hea*****LLC | BUDD LAKE, NJ | $25,000 |
| 2024-04 | JPMorgan Chase Bank, National Association | GTC*****NC. | MORRISTOWN, NJ | $200,000 |
| 2024-02 | PNC Bank, National Association | TOG*****LLC | HADDON TOWNSHIP, NJ | $50,000 |
| 2023-11 | PNC Bank, National Association | SUC*****LLC | LINDEN, NJ | $25,000 |
| 2023-08 | TD Bank, National Association | LW *****LLC | FRANKLINVILLE, NJ | $25,000 |
| 2023-07 | PNC Bank, National Association | GFY*****LLC | PHILLIPSBURG, NJ | $20,000 |
| 2023-05 | Wells Fargo Bank National Association | ZEB*****LLC | ELIZABETH, NJ | $10,000 |
| 2023-02 | TD Bank, National Association | EH *****Inc | TRITON FALLS, NJ | $25,000 |
| 2022-10 | TD Bank, National Association | F&A*****LLC | HACKETTSTOWN, NJ | $5,000 |
| 2022-08 | Manufacturers and Traders Trust Company | MAS*****LLC | NORTH BERGEN, NJ | $100,000 |
| 2022-06 | TD Bank, National Association | Mov*****LLC | FORDS, NJ | $25,000 |
| 2021-11 | The Bancorp Bank National Association | LV *****rp. | Fort Lee, NJ | $585,300 |
| 2021-08 | Readycap Lending, LLC | Pow*****nc. | PARSIPPANY, NJ | $2,399,500 |
| 2021-08 | Bank of Hope | Sta*****LLC | WASHINGTON, NJ | $722,500 |
| 2020-04 | Wilmington Savings Fund Society FSB | 302*****LLC | Burlington, NJ | $2,500,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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