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What are SBA Size Standards for Trucking Companies?

The Small Business Administration (SBA) sets size standards that define whether a business entity qualifies as a small business. These standards are usually based on the average number of employees over the past 12 months or on sales volume averaged over a 3-year period.

For the trucking industry, the standards can be specific and are primarily based on annual receipts (revenue), not the number of employees. The SBA uses NAICS Codes to categorize trucking companies based on cargo type type and to distinguish between interstate and intrastate truckers.

Here is a detailed breakdown:

SBA Size Standards for the Trucking Industry:

General Freight, Local (NAICS Code 484110):

  • The size standard is $27.5 million in average annual receipts.

General Freight, Long-Distance, Truckload (NAICS Code 484121):

  • The size standard is $30 million in average annual receipts.

General Freight, Long-Distance, Truckload (NAICS Code 484121):

  • The size standard is $15 million in average annual receipts.

Specialized Freight, Local (NAICS Code 484220):

  • The size standard is $27.5 million in average annual receipts.

Specialized Freight, Long-Distance (NAICS Code 484230):

  • The size standard is $27.5 million in average annual receipts.

What this means for Truckers

  • If your trucking company’s annual receipts are under the threshold specific to your category, you would typically be considered a small business for the purpose of SBA loan programs, including the Microloan program.
  • It’s important to accurately calculate and report your annual receipts to determine your eligibility.

Keep in Mind:

  • The SBA periodically adjusts these standards to reflect changes in the economy and industry.
  • It’s advisable to consult the latest SBA size standards or speak directly with an SBA representative or an approved intermediary lender to confirm your business’s eligibility.

Learn more about how BLF assists our truckers with SBA Loans

BLF is here to assist you

Our goal is to provide you with expert help and guidance for you needs. Whether you need funding or business services for your trucking company, you are in reliable hands.

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