SBA loans for restaurant 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
Full-Service Restaurants (NAICS 722511)
8,053loans approved
$260,000median loan
$85K–$658Kmiddle half of loans
$4.4Btotal approved
10%median initial rate
10 yrsmedian term
Borrowers reported 163,898 jobs created or retained.
8% of these loans went to franchise locations.
Loan sizes
States with the most loans
| State | Loans | Median |
|---|---|---|
| California | 1,081 | $300,000 |
| Texas | 611 | $475,000 |
| New York | 554 | $150,000 |
| Florida | 493 | $400,000 |
| Illinois | 336 | $250,000 |
| Washington | 312 | $320,000 |
| Ohio | 309 | $120,000 |
| New Jersey | 300 | $248,750 |
| Pennsylvania | 289 | $255,000 |
| Georgia | 288 | $483,500 |
Most active lenders
| Lender | Loans | Median | Total |
|---|---|---|---|
| The Huntington National Bank | 830 | $100,000 | $272.0M |
| Newtek Bank, National Association | 445 | $250,000 | $170.7M |
| Manufacturers and Traders Trust Company | 323 | $70,000 | $47.1M |
| Northeast Bank | 296 | $150,000 | $50.5M |
| U.S. Bank, National Association | 276 | $46,000 | $29.9M |
| Readycap Lending, LLC | 244 | $194,500 | $126.9M |
| Bank of Hope | 201 | $350,000 | $126.2M |
| Celtic Bank Corporation | 160 | $150,000 | $111.9M |
| TD Bank, National Association | 153 | $50,000 | $32.6M |
| Lendistry Sblc, LLC | 136 | $190,200 | $33.5M |
Limited-Service Restaurants (NAICS 722513)
5,792loans approved
$347,450median loan
$100K–$620Kmiddle half of loans
$2.9Btotal approved
10%median initial rate
10 yrsmedian term
Borrowers reported 102,058 jobs created or retained.
41.9% of these loans went to franchise locations.
Loan sizes
States with the most loans
| State | Loans | Median |
|---|---|---|
| California | 715 | $323,000 |
| Texas | 449 | $490,600 |
| Florida | 382 | $434,000 |
| New York | 306 | $150,000 |
| Georgia | 265 | $485,000 |
| Ohio | 256 | $199,000 |
| Michigan | 224 | $300,000 |
| Pennsylvania | 212 | $260,000 |
| Washington | 198 | $315,000 |
| Illinois | 197 | $326,600 |
Most active lenders
| Lender | Loans | Median | Total |
|---|---|---|---|
| The Huntington National Bank | 892 | $150,000 | $254.3M |
| Live Oak Banking Company | 312 | $522,500 | $316.2M |
| Manufacturers and Traders Trust Company | 254 | $65,000 | $37.8M |
| Newtek Bank, National Association | 193 | $200,000 | $71.0M |
| U.S. Bank, National Association | 143 | $42,300 | $27.5M |
| Northeast Bank | 116 | $136,000 | $18.2M |
| Readycap Lending, LLC | 112 | $119,400 | $48.5M |
| Celtic Bank Corporation | 101 | $226,000 | $71.3M |
| TD Bank, National Association | 99 | $50,000 | $38.3M |
| Bank of Hope | 82 | $369,500 | $45.7M |
Planning one? Read how to start a restaurant 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.