How Much Can Caterers Businesses Get in SBA Loans?
5,703 SBA loans totaling $1.9B have been approved for caterers businesses (NAICS 722320). The average approved SBA loan is $332K, which is near national avg the $340K national average. 777 active lenders fund this industry with a 20.2% default rate on the matured 2018-2021 loan cohort.
At 20.2%, Caterers sits well above the 15.4% all-industry SBA default rate (charged-off as a share of resolved loans) — elevated default risk relative to other SBA industries. Lenders price this risk into rate and structure, which is why matching the file to the right lender matters.
NAICS 722320 (Caterers) received 5,703 SBA loans worth $1.9B across 5+ states. Average loan $332K, average term 129 months, 20.2% default rate (resolved-loan basis).777 active SBA-approved lenders fund this industry. Most caterers loans use the SBA 7(a) program.
Is SBA Lending Growing for Caterers?+11% growth
Which SBA Program Do Caterers Businesses Use Most?
What Is the Best SBA Loan for Caterers?
The most widely used SBA program for caterers businesses — flexible terms, multiple use cases
Where Are Caterers SBA Loans Most Common?
Top SBA Lenders for Caterers
These banks have funded the most SBA loans for caterers businesses (NAICS 722320). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | U.S. Bank, National Association(OH) | 341 | $45.2M |
| 2 | The Huntington National Bank(OH) | 312 | $62.3M |
| 3 | Bank of America, National Association(NC) | 296 | $15.7M |
| 4 | JPMorgan Chase Bank, National Association(OH) | 237 | $28.6M |
| 5 | Wells Fargo Bank National Association(SD) | 223 | $48.5M |
Caterers Industry Context
Ready to Fund Your Caterers Business?
PeerSense places SBA loans for caterers businesses nationwide. We match you with the right capital source — no retainers, referral fee at closing.
Retainers
Down with SBA 7(a)
Terms Available
Financing a Caterers business? Get matched to an SBA lender.
Tell us your loan amount and use of funds. We route you to the lender most likely to fund a deal in your industry.
SBA 7(a) / 504 — Response within 4 business hours. No obligation.
How Does SBA Lending Work for Caterers Businesses?
Across all SBA loan programs, 5,703 loans have been approved for businesses classified under NAICS 722320 (Caterers), representing $1.9B in total capital deployed. The average approved loan of $332K is near national avg the national SBA average of $340K, with typical repayment terms of 129 months.
SBA lending for caterers is accelerating — loan volume has grown approximately 11% over recent fiscal years. This upward trajectory suggests expanding access to capital and growing lender confidence in this sector. Peak activity occurred in FY2024.
The industry sees a balanced mix of SBA programs, with 11% of loans using the 504 program for fixed asset acquisition and the majority using 7(a) for its flexibility across working capital, equipment, and business acquisition uses. SBA 7(a) loans offer up to $5M with terms up to 25 years for real estate.
PeerSense specializes in matching caterers business owners with the capital sources most likely to approve their specific deal structure. As an advisory firm (not a lender), we structure your deal across our network of 500+ SBA-approved lenders to find the best terms — our referral fee is established upfront and paid at closing. No retainers.
Frequently Asked Questions — Caterers SBA Loans
What is the average SBA loan size for caterers businesses?
Which SBA loan program is best for a caterers business?
How many lenders fund SBA loans for caterers?
What states have the most SBA lending for caterers?
How does PeerSense help caterers businesses get SBA loans?
Related Accommodation & Food Services Industries
Full-Service Restaurants
Full-Service Restaurants
Limited-Service Restaurants
Hotels (except Casino Hotels) and Motels
Limited-Service Restaurants
Drinking Places (Alcoholic Beverages)
Data aggregated from SBA loan records (1992–2025). Caterers defined by NAICS code 722320. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.