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NAICS 624210Healthcare & Social ServicesLending Growing

How Much Can Community Food Services Businesses Get in SBA Loans?

75 SBA loans totaling $9.1M have been approved for community food services businesses (NAICS 624210). The average approved SBA loan is $121K, which is 65% below avg the $340K national average. 43 active lenders fund this industry.

Quick Answer

NAICS 624210 (Community Food Services) received 75 SBA loans worth $9.1M across 5+ states. Average loan $121K, average term 102 months.43 active SBA-approved lenders fund this industry. Most community food services loans use the SBA 7(a) program. There are approximately 5,187 U.S. establishments in this industry (Census 2022).

75
Total SBA Loans
$9.1M
Total Volume
$121K
Avg Loan Size
65% below avg
43
Active Lenders
102 mo
Avg Term
22% below avg
876
Jobs Supported

Is SBA Lending Growing for Community Food Services?+67% growth

2
2
3
3
3
2
5
17
18
21
22
23
24
25
$675K
$97K
$615K
$435K
$125K
$200K
$996K

Which SBA Program Do Community Food Services Businesses Use Most?

SBA 7(a)72 (96%)
SBA 5043 (4%)

What Is the Best SBA Loan for Community Food Services?

SBA 7(a)

The most widely used SBA program for community food services businesses — flexible terms, multiple use cases

Industry avg loan: $121K
Typical term: 102 months
Historical avg rate: 8.55%
43+ lenders active in this industry

Where Are Community Food Services SBA Loans Most Common?

#1
CA
7 loans
$1.1M
#2
NY
7 loans
$905K
#3
IL
5 loans
$135K
#4
OH
5 loans
$635K
#5
MI
4 loans
$122K

Top SBA Lenders for Community Food Services

These banks have funded the most SBA loans for community food services businesses (NAICS 624210). PeerSense routes deals to lenders with proven appetite in your industry.

#LenderLoansVolume
1JPMorgan Chase Bank, National Association(OH)7$330K
2Bank of America, National Association(NC)7$340K
3The Huntington National Bank(OH)6$283K
4TD Bank, National Association(DE)4$181K
5Manufacturers and Traders Trust Company(NY)3$260K

Community Food Services Industry Context

U.S. Establishments
5,187
U.S. Census Bureau · 2022
SBA Penetration
1.45%
SBA loans per establishment

Ready to Fund Your Community Food Services Business?

PeerSense places SBA loans for community food services businesses nationwide. We match you with the right capital source — no retainers, referral fee at closing.

$0

Retainers

10%

Down with SBA 7(a)

25yr

Terms Available

Financing a Community Food Services 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.

No retainers · Referral fee at closing · Or call (317) 452-6990

How Does SBA Lending Work for Community Food Services Businesses?

Across all SBA loan programs, 75 loans have been approved for businesses classified under NAICS 624210 (Community Food Services), representing $9.1M in total capital deployed. The average approved loan of $121K is 65% below avg the national SBA average of $340K, with typical repayment terms of 102 months.

SBA lending for community food services is accelerating — loan volume has grown approximately 67% over recent fiscal years. This upward trajectory suggests expanding access to capital and growing lender confidence in this sector. Peak activity occurred in FY2025.

The overwhelming majority of SBA lending for community food services uses the 7(a) program, which provides the most flexibility — covering working capital, equipment purchases, partner buyouts, debt refinancing, and business acquisitions up to $5M with terms up to 25 years.

PeerSense specializes in matching community food services 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 100+ SBA-approved lenders to find the best terms — our referral fee is established upfront and paid at closing. No retainers.

Frequently Asked Questions — Community Food Services SBA Loans

What is the average SBA loan size for community food services businesses?
Based on 75 approved SBA loans, the average loan size for community food services (NAICS 624210) is $121K. This compares to the national SBA average of $340K across all industries.
Which SBA loan program is best for a community food services business?
SBA 7(a) is the most commonly used SBA program for community food services businesses. The most widely used SBA program for community food services businesses — flexible terms, multiple use cases. PeerSense can analyze your specific deal to determine the optimal program.
How many lenders fund SBA loans for community food services?
43 different SBA-approved lenders have funded loans in this industry. Not all lenders are equally active in every industry — PeerSense matches your deal with lenders who have experience and appetite in the community food services sector.
What states have the most SBA lending for community food services?
CA leads with 7 SBA loans and $1.1M in total volume for community food services businesses. NY, IL, OH also show strong lending activity in this sector.
How does PeerSense help community food services businesses get SBA loans?
PeerSense is a capital advisory firm — not a lender. We analyze your deal (loan amount, down payment, business financials) and match you with SBA-approved lenders experienced in the community food services industry. Our referral fee is established upfront in our agreement and paid at closing. No retainers.

Data aggregated from SBA loan records (1992–2025). Community Food Services defined by NAICS code 624210. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.