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 matches you to the lender most likely to fund 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 |
SBA lenders active with restaurants
Ranked by real SBA funding activity in California, the top state for restaurants. PeerSense routes your deal to the lender most likely to approve and price it. You work with us, not a call list.
Get matched to an SBA lender for a restaurant.
Tell us your loan amount and use of funds. We route you to the lender most likely to fund a restaurant, anywhere in the US.
SBA 7(a) / 504, Restaurants: Response within 24–48 hours. 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 routes your deal to the lender most likely to approve and price it, then stays with you through closing.