SBA Loans for Restaurants
41,841 SBA loans have funded restaurants nationwide, averaging $483K across 1,817 active SBA lenders, at an average note rate of 7.5%. SBA 7(a) loans up to $5M fund buying an existing restaurant and build out of a new location; SBA 504 loans cover owner occupied real estate and equipment with as little as 10% down. PeerSense reads this lending history and sources capital for a restaurant.
Published: ·Last updated: ·By Ed Freeman, Capital Advisor. PeerSense
Source: SBA 7(a) and 504 loan records (NAICS 722511), 2000 to present.
41,841
SBA Loans Funded
$483K
Average Loan
7.5%
Avg Note Rate
12 yrs
Avg Term
1,817
Active Lenders
9.9%
Charge Off Rate (resolved loan basis)
What restaurants use SBA loans for
Where restaurants get SBA financing
| State | SBA Loans | Capital Deployed |
|---|---|---|
| California | 5,551 | $3.0B |
| New York | 2,800 | $1.0B |
| Texas | 2,777 | $1.8B |
| Florida | 2,170 | $1.6B |
| Ohio | 2,152 | $570.3M |
Talk to PeerSense about SBA capital for a restaurant.
Tell us your loan amount and use of funds. PeerSense sources capital for a restaurant, anywhere in the US.
SBA 7(a) / 504, Restaurants: The desk will reach out. No obligation.
How restaurants qualify for an SBA loan
SBA 7(a) loans are the most common path for restaurants financing buying an existing restaurant. They run up to $5M, fund up to 90% of a project, and amortize over 10 years for a business purchase or up to 25 years when real estate is included. SBA 504 loans pair a bank loan with a CDC debenture for owner occupied real estate and heavy equipment, typically at 10% down.
With 41,841 loans on record across 1,817 lenders and a 9.9% historical charge off rate, restaurants are a well understood credit to SBA lenders, but not every lender is active in this profession or comfortable with its deal structure. PeerSense reads the lending history and sources capital through a curated network, then stays with you through closing.