What is the SBA loan default rate for Food Service Contractors?

At 13.7%, Food Service Contractors sits below the 15.4% all-industry SBA default rate (charged-off as a share of resolved loans) — moderate default risk relative to other SBA industries. The rate is measured on the resolved loans (paid in full or charged off), loans that have reached a final outcome. 450 lenders actively fund this industry.

Which SBA program is best for Food Service Contractors?

The SBA 7(a) program is the most commonly used for Food Service Contractors businesses, accounting for the majority of approved loans. The SBA 504 program is popular for larger real estate and equipment purchases.

NAICS 722310Accommodation & Food ServicesLending Growing

How Much Can Food Service Contractors Businesses Get in SBA Loans?

Name: Food Service Contractors SBA Loan Performance Data (NAICS 722310)
Creator: PeerSense
License: https://peersense.com/terms-and-conditions

2,316 SBA loans totaling $665.6M have been approved for food service contractors businesses (NAICS 722310). The average approved SBA loan is $287K, which is 16% below avg the $340K national average. 450 active lenders fund this industry with a 13.7% default rate on the matured 2018-2021 loan cohort.

Moderate default risk13.7% vs 15.4% all-industry avg

At 13.7%, Food Service Contractors sits below the 15.4% all-industry SBA default rate (charged-off as a share of resolved loans) — moderate 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.

Quick Answer

NAICS 722310 (Food Service Contractors) received 2,316 SBA loans worth $665.6M across 5+ states. Average loan $287K, average term 118 months, 13.7% default rate (resolved-loan basis).450 active SBA-approved lenders fund this industry. Most food service contractors loans use the SBA 7(a) program.

2,316

Total SBA Loans

$665.6M

Total Volume

$287K

Avg Loan Size

16% below avg

450

Active Lenders

118 mo

Avg Term

9% below avg

33,616

Jobs Supported

Is SBA Lending Growing for Food Service Contractors?+28% growth

108

109

$28.7M

$28.6M

$28.0M

$25.2M

$23.5M

$40.2M

$47.4M

$32.8M

$59.1M

$46.0M

Which SBA Program Do Food Service Contractors Businesses Use Most?

SBA 7(a)2,102 (91%)

SBA 504214 (9%)

What Is the Best SBA Loan for Food Service Contractors?

SBA 7(a)

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

Industry avg loan: $287K

Typical term: 118 months

Historical avg rate: 7.07%

450+ lenders active in this industry

Default rate (2018–21 matured cohort): 13.7%

Where Are Food Service Contractors SBA Loans Most Common?

303 loans

$45.6M

271 loans

$129.6M

161 loans

$38.8M

139 loans

$35.4M

126 loans

$24.1M

Top SBA Lenders for Food Service Contractors

These banks have funded the most SBA loans for food service contractors businesses (NAICS 722310). PeerSense routes deals to lenders with proven appetite in your industry.

#	Lender	Loans	Volume
1	The Huntington National Bank(OH)	407	$38.0M
2	Wells Fargo Bank National Association(SD)	96	$8.7M
3	U.S. Bank, National Association(OH)	95	$21.4M
4	JPMorgan Chase Bank, National Association(OH)	93	$13.0M
5	Manufacturers and Traders Trust Company(NY)	79	$12.1M

Browse all SBA lenders Best SBA lenders 2026

Ready to Fund Your Food Service Contractors Business?

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

Retainers

10%

Down with SBA 7(a)

25yr

Terms Available

Find My Loan Program Schedule Free Consultation

Financing a Food Service Contractors 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.

By checking this box and submitting my information, I electronically sign and agree that PeerSense, Inc. and its affiliates, funding partners, and franchise partners may contact me at the email address and phone number I provided — including by phone call, SMS/text message (including autodialed, prerecorded, or artificial-voice messages), and email — for marketing, franchise research, and funding-related purposes, even if that number is on any Do Not Call list. Message and data rates may apply. Consent is not a condition of purchase. I may opt out at any time by replying STOP to texts or emailing info@peersense.com. I have read and agree to the Privacy Policy and Terms of Service.

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

How Does SBA Lending Work for Food Service Contractors Businesses?

Across all SBA loan programs, 2,316 loans have been approved for businesses classified under NAICS 722310 (Food Service Contractors), representing $665.6M in total capital deployed. The average approved loan of $287K is 16% below avg the national SBA average of $340K, with typical repayment terms of 118 months.

SBA lending for food service contractors is accelerating — loan volume has grown approximately 28% 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 industry sees a balanced mix of SBA programs, with 9% 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 food service contractors 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.

SBA Loan Guide SBA Calculator SBA Lender Directory Best SBA Lenders 2026 Industry Data Hub Current SBA Rates Contact Us

Frequently Asked Questions — Food Service Contractors SBA Loans

What is the average SBA loan size for food service contractors businesses?

Based on 2,316 approved SBA loans, the average loan size for food service contractors (NAICS 722310) is $287K. This compares to the national SBA average of $340K across all industries.

Which SBA loan program is best for a food service contractors business?

SBA 7(a) is the most commonly used SBA program for food service contractors businesses. The most widely used SBA program for food service contractors businesses — flexible terms, multiple use cases. PeerSense can analyze your specific deal to determine the optimal program.

How many lenders fund SBA loans for food service contractors?

450 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 food service contractors sector.

What states have the most SBA lending for food service contractors?

OH leads with 303 SBA loans and $45.6M in total volume for food service contractors businesses. CA, NY, TX also show strong lending activity in this sector.

How does PeerSense help food service contractors 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 food service contractors industry. Our referral fee is established upfront in our agreement and paid at closing. No retainers.

Related Accommodation & Food Services Industries

Full-Service Restaurants

49,950 loans · N/A

Avg: $266K

Full-Service Restaurants

41,841 loans · N/A

Avg: $483K

Limited-Service Restaurants

33,710 loans · N/A

Avg: $223K

Hotels (except Casino Hotels) and Motels

30,612 loans · N/A

Avg: $1.6M

Limited-Service Restaurants

28,029 loans · N/A

Avg: $431K

Drinking Places (Alcoholic Beverages)

13,001 loans · N/A

Avg: $310K

Data aggregated from SBA loan records (1992–2025). Food Service Contractors defined by NAICS code 722310. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.