Franchise brands › Two Men and a Truck
Franchise brand148 approvals since FY2010
SBA loans to Two Men and a Truck franchises
Approvals SBA files under the brand's franchise code. The loans are to independent franchise owners; this page describes the brand in aggregate and no franchisee.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
SBA lists 148 loan approvals since FY2010 under the Two Men and a Truck franchise brand, worth $84.8M; 51 of them came in FY2021 to FY2025.
In FY2025 there were 9, down 10% on FY2024. The average approval in the five-year window was $842K, and 6 of the approvals were 504 loans.
20 lenders made the FY2021 to FY2025 loans across 17 states; the most active were The Huntington National Bank (8), SouthState Bank, National Association (6) and Stock Yards Bank & Trust Company (6).
Of loans approved in FY2010 to FY2021 and disbursed, SBA records 1.2% as charged off, below the 6.0% for all SBA loans from those years. The figures describe loans to independent franchise owners, not the franchisor.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Loans by fiscal year
| Fiscal year | Approvals | Dollars approved | Average approval | of which 504 | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 9 | $6.5M | $719K | 1 | 340 |
| FY2025 | 9 | $5.6M | $623K | 2 | 227 |
| FY2024 | 10 | $10.8M | $1.1M | 0 | 314 |
| FY2023 | 9 | $3.7M | $414K | 1 | 397 |
| FY2022 | 13 | $14.8M | $1.1M | 2 | 530 |
| FY2021 | 10 | $8.1M | $806K | 1 | 440 |
| FY2020 | 5 | $4.7M | $947K | 0 | 114 |
| FY2019 | 13 | $7.9M | $611K | 0 | 449 |
| FY2018 | 3 | $1.7M | $558K | 1 | 42 |
| FY2017 | 7 | $2.9M | $419K | 0 | 153 |
| FY2016 | 8 | $1.5M | $193K | 0 | 280 |
SBA's franchise field lists the brand as "TWO MEN AND A TRUCK"; "Two Men and a Truck". Codes SBA has used for the same brand name are added together.
Charge-off cohort rate
| Loans approved FY2010–FY2021 | Two Men and a Truck | All SBA loans |
|---|---|---|
| Approvals in these years | 98 | 725,496 |
| Cancelled or never disbursed | 16 | 91,827 |
| Disbursed loans | 82 | 633,669 |
| Paid in full | 56 | 471,304 |
| Charged off | 1 | 37,796 |
| Still outstanding (status exempt from disclosure) | 25 | 124,569 |
| Charged off, share of disbursed loans | 1.2% | 6.0% |
| Dollars charged off, share of disbursed dollars | 0.3% | 2.2% |
| Dollars charged off | $98K | $6.20bn |
Lenders
| # | Lender, FY2021–FY2025 | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 8 | $3.3M | 15.7% | |
| 2 | SouthState Bank, National AssociationWinter Haven, FL | 6 | $12.0M | 11.8% | |
| 3 | Stock Yards Bank & Trust CompanyLouisville, KY | 6 | $7.1M | 11.8% | |
| 4 | First Bank of the LakeOsage Beach, MO | 6 | $2.4M | 11.8% | |
| 5 | Regions BankBirmingham, AL | 4 | $2.4M | 7.8% | |
| 6 | Minnwest BankRedwood Falls, MN | 3 | $1.4M | 5.9% | |
| 7 | Live Oak Banking CompanyWilmington, NC | 2 | — | 3.9% | |
| 8 | Associated Bank National AssociationGreen Bay, WI | 2 | — | 3.9% | |
| 9 | Great Lakes Commercial FinanceGrandville, MI · CDC | 2 | — | 3.9% | |
| 10 | Michigan Certified Development CorporationEast Lansing, MI · CDC | 2 | — | 3.9% | |
| 11 | Nebraska Economic Development CorporationLincoln, NE · CDC | 1 | — | 2.0% | |
| 12 | Peoples BankMarietta, OH | 1 | — | 2.0% | |
| 13 | Pinnacle BankNashville, TN | 1 | — | 2.0% | |
| 14 | Wilson Bank & TrustLebanon, TN | 1 | — | 2.0% | |
| 15 | Sunshine State Economic Development CorporationClearwater, FL · CDC | 1 | — | 2.0% |
States
| # | State of the business, FY2021–FY2025 | Approvals | Share | |
|---|---|---|---|---|
| 1 | California | 9 | 17.6% | |
| 2 | Texas | 8 | 15.7% | |
| 3 | Ohio | 5 | 9.8% | |
| 4 | Michigan | 5 | 9.8% | |
| 5 | Illinois | 4 | 7.8% | |
| 6 | Kentucky | 3 | 5.9% | |
| 7 | Arkansas | 3 | 5.9% | |
| 8 | Minnesota | 3 | 5.9% | |
| 9 | Colorado | 2 | 3.9% | |
| 10 | Florida | 2 | 3.9% | |
| 11 | Nebraska | 1 | 2.0% | |
| 12 | Connecticut | 1 | 2.0% | |
| 13 | Tennessee | 1 | 2.0% | |
| 14 | Georgia | 1 | 2.0% | |
| 15 | Indiana | 1 | 2.0% |
Filed under
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Specialized Freight TruckingNAICS 4842 | 43 | 84.3% | |
| 2 | General Freight TruckingNAICS 4841 | 7 | 13.7% | |
| 3 | Local Messengers and Local DeliveryNAICS 4922 | 1 | 2.0% |
Approval sizes
- $50,000 or less7.8%4
- $50,001 to $150,00017.6%9
- $150,001 to $350,00019.6%10
- $350,001 to $1 million31.4%16
- $1 million to $2 million9.8%5
- Over $2 million13.7%7
Age of the businesses
- Existing, more than 2 years old52.9%27
- New business, 2 years or less5.9%3
- Startup, loan funds will open the business25.5%13
- Change of ownership15.7%8
Questions and answers
How many SBA loans go to Two Men and a Truck franchises?
148 approvals since FY2010, worth $84.8M; 51 in FY2021 to FY2025.
Which lenders make SBA loans for Two Men and a Truck franchises?
By approvals in FY2021 to FY2025: The Huntington National Bank (8), SouthState Bank, National Association (6), Stock Yards Bank & Trust Company (6), First Bank of the Lake (6), Regions Bank (4).
How large is a typical SBA loan for a Two Men and a Truck franchise?
The average approval in FY2021 to FY2025 was $842K.
What share of Two Men and a Truck SBA loans are charged off?
Of 82 disbursed loans approved in FY2010 to FY2021, 1 (1.2%) are recorded as charged off; for all SBA loans from those years the figure is 6.0%.
Are SBA loans to Two Men and a Truck franchises rising?
Approvals in the three latest complete fiscal years total 28, against 28 in the three before: broadly level (0%).
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error