SBA loans for food truck businesses
Source: U.S. Small Business Administration, 7(a) & 504 FOIA loan data [source] · File as of September 30, 2026 · Loans approved in federal fiscal years 2024–2026 (Oct 2023 – Sept 2026) · Imported November 4, 2026
Mobile Food Services (NAICS 722330)
742loans approved
$50,000median loan
$25K–$95Kmiddle half of loans
$67.1Mtotal approved
11%median initial rate
10 yrsmedian term
Borrowers reported 3,460 jobs created or retained.
4.4% of these loans went to franchise locations.
Loan sizes
States with the most loans
| State | Loans | Median |
|---|---|---|
| Ohio | 61 | $50,000 |
| California | 59 | $45,000 |
| New York | 43 | $50,000 |
| Texas | 41 | $70,000 |
| Florida | 33 | $35,000 |
| Pennsylvania | 30 | $50,000 |
| Oregon | 28 | $38,700 |
| Michigan | 27 | $40,300 |
| Minnesota | 25 | $69,100 |
| Arizona | 23 | $65,000 |
Most active lenders
| Lender | Loans | Median | Total |
|---|---|---|---|
| The Huntington National Bank | 109 | $50,000 | $8.4M |
| U.S. Bank, National Association | 99 | $30,500 | $4.6M |
| Manufacturers and Traders Trust Company | 63 | $35,000 | $3.3M |
| TD Bank, National Association | 52 | $25,000 | $1.5M |
| Wells Fargo Bank National Association | 36 | $15,000 | $5.6M |
| Keybank National Association | 24 | $35,100 | $1.8M |
| Readycap Lending, LLC | 24 | $50,000 | $3.5M |
| Newtek Bank, National Association | 23 | $75,000 | $2.1M |
| Zions Bancorporation, National Association | 19 | $54,000 | $1.2M |
| Columbia Bank | 14 | $50,000 | $558K |
Planning one? Read how to start a food truck business and model payments with the loan calculator.
What this data does — and doesn't — tell you
- Approvals, not applications. These are loans SBA approved. The data has no denials, so it cannot tell you your odds of approval.
- Loan size is not startup cost. 7(a) loans also pay for buying existing businesses, real estate, equipment, refinancing and working capital.
- Gross approval amount. Figures are the full approved loan, including the part SBA does not guarantee. Some approved loans are later reduced or never fully disbursed.
- Industry codes are assigned at approval (NAICS) and can be imprecise — a mobile detailer may be coded as a car wash, for example.
- Medians beat averages here: a few very large loans pull averages up. We show the median and the middle half (25th–75th percentile).
- No default rates. Most recent loans are still being repaid, so charge-off rates for these years would be misleading. We don't show them.
- Cancelled loans are excluded, and any group with fewer than 10 loans is hidden. We never publish borrower names.
- Lender counts aren't a quality rating. Big national lenders make many small loans; local lenders may know your market better. Talk to several, or use SBA Lender Match.