What is the SBA loan default rate for Full-Service Restaurants?

At 22.6%, Full-Service Restaurants 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. The rate is measured on the resolved loans (paid in full or charged off), loans that have reached a final outcome. 2182 lenders actively fund this industry.

Which SBA program is best for Full-Service Restaurants?

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

NAICS 722110Accommodation & Food Services

How Much Can Full-Service Restaurants Businesses Get in SBA Loans?

Name: Full-Service Restaurants SBA Loan Performance Data (NAICS 722110)
Creator: PeerSense
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49,950 SBA loans totaling $13.3B have been approved for full-service restaurants businesses (NAICS 722110). The average approved SBA loan is $266K, which is 22% below avg the $340K national average. 2182 active lenders fund this industry with a 22.6% default rate on the matured 2018-2021 loan cohort.

Elevated default risk22.6% vs 15.4% all industry avg

At 22.6%, Full-Service Restaurants 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. The capital source prices this risk into rate and structure.

Quick Answer

NAICS 722110 (Full-Service Restaurants) received 49,950 SBA loans worth $13.3B across 5+ states. Average loan $266K, average term 126 months, 22.6% default rate (resolved loan basis).2182 active SBA approved lenders fund this industry. Most full-service restaurants loans use the SBA 7(a) program. There are approximately 771,856 U.S. establishments in this industry (Census 2022).

49,950

Total SBA Loans

$13.3B

Total Volume

$266K

Avg Loan Size

22% below avg

2,182

Active Lenders

126 mo

Avg Term

3% below avg

890,308

Jobs Supported

Is SBA Lending Growing for Full-Service Restaurants?-70% decline

$3.1M

$4.5M

$5.9M

$1.1M

$1.6M

$2.2M

$3.4M

$5.7M

Which SBA Program Do Full-Service Restaurants Businesses Use Most?

SBA 7(a)44,429 (89%)

SBA 5045,522 (11%)

What Is the Best SBA Loan for Full-Service Restaurants?

SBA 7(a)

The most widely used SBA program for full-service restaurants businesses: flexible terms, multiple use cases

Industry avg loan: $266K

Typical term: 126 months

Historical avg rate: 6.33%

2182+ lenders active in this industry

Default rate (2018 to 21 matured cohort): 22.6%

Where Are Full-Service Restaurants SBA Loans Most Common?

6,365 loans

$2.0B

3,746 loans

$658.9M

3,412 loans

$1.1B

2,409 loans

$562.1M

2,021 loans

$375.8M

SBA Lending Activity in Full-Service Restaurants

2,182 SBA lenders have funded 49,950 loans to full-service restaurants businesses (NAICS 722110). Which lender approves your deal depends on your location, loan size, credit profile and time in business, not on who funded someone else. PeerSense makes the introduction.

Loans funded

49,950

Active lenders

2,182

Total volume

$13.3B

Avg loan size

$266K

Browse all SBA lenders

Full-Service Restaurants Industry Context

U.S. Establishments

771,856

U.S. Census Bureau · 2022

U.S. Employment

16,922,000

BLS · 2026

SBA Penetration

6.47%

SBA loans per establishment

Talk to PeerSense

PeerSense sources capital for full-service restaurants businesses. The capital source sets the terms. No upfront fee. Talk to PeerSense. Referral fee at closing.

Retainers

10%

Down with SBA 7(a)

25yr

Terms Available

Talk to PeerSense (317) 452-6990

Talk to PeerSense about financing a Full-Service Restaurants business.

Tell us your loan amount and use of funds. PeerSense sources capital. It is not the lender.

SBA 7(a) / 504: The desk will reach out. No obligation.

How big is your deal?

Where are you in the deal?

Equity or down payment ready

Credit score

Timeline to close

SBA already on the books?

What best describes your company

Liquid funds available outside this deal

Where is the property or business

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Referral fee realized at closing · Or call (317) 452 6990

How Does SBA Lending Work for Full-Service Restaurants Businesses?

Across all SBA loan programs, 49,950 loans have been approved for businesses classified under NAICS 722110 (Full-Service Restaurants), representing $13.3B in total capital deployed. The average approved loan of $266K is 22% below avg the national SBA average of $340K, with typical repayment terms of 126 months.

SBA lending for full-service restaurants has contracted approximately 70% over recent fiscal years. This shift may reflect changing market conditions, industry consolidation, or tightening credit standards in this sector. However, 2182 lenders remain active, maintaining competitive options for qualified borrowers.

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.

Talk to PeerSense about a full-service restaurants file. The capital source sets the terms. The desk fee is paid at closing, never upfront.

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Frequently Asked Questions: Full-Service Restaurants SBA Loans

What is the average SBA loan size for full-service restaurants businesses?

Based on 49,950 approved SBA loans, the average loan size for full-service restaurants (NAICS 722110) is $266K. This compares to the national SBA average of $340K across all industries.

Which SBA loan program is best for a full-service restaurants business?

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

How many lenders fund SBA loans for full-service restaurants?

2182 different SBA approved lenders have funded loans in this industry. Not all lenders are equally active in every industry. Talk to PeerSense. The capital source sets the terms for a full-service restaurants file.

What states have the most SBA lending for full-service restaurants?

CA leads with 6,365 SBA loans and $2.0B in total volume for full-service restaurants businesses. NY, TX, PA also show strong lending activity in this sector.

How does PeerSense help full-service restaurants businesses get SBA loans?

PeerSense is a capital advisory firm. Talk to PeerSense about a full-service restaurants file. The capital source sets the terms. No upfront fee. The desk is paid at closing.

Related Accommodation & Food Services Industries

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

Snack and Nonalcoholic Beverage Bars

9,060 loans · N/A

Avg: $318K

Data aggregated from SBA loan records (1992 to 2025). Full-Service Restaurants defined by NAICS code 722110. Not financial advice. PeerSense sources capital through a curated network of commercial lenders and capital sources. Consult a lending professional before making financial decisions.