How much do SBA lenders typically lend to a caterers business?

The median SBA approval in NAICS 722320 is $125,000, with the middle 80% of loans between $20,000 and $1,300,000. Across all industries the median is $180,000.

Which lenders are most active in caterers?

By dollars approved: The Huntington National Bank, Harvest Small Business Finance, LLC, Wells Fargo Bank, Empire State Certified Development Corporation, Byline Bank. A lender's experience in your NAICS code matters - underwriters who have seen a hundred deals like yours ask better questions and move faster.

Is caterers considered a risky industry by SBA lenders?

Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 9.5% were charged off, versus 7.6% across all SBA lending. That is close to average.

NAICS 722320 · Restaurants & Hotels

SBA loans for caterers

3,448 SBA loans worth $1.54B have been approved in this industry since FY2010 - the #71 most-financed NAICS code in the country.

Median loan

$125,000

-31% vs all industries

Typical range

$20K-$1.3M

Middle 80%

Median rate

7.25%

7(a) initial note rate

Median term

10 yr

Charge-off rate

9.5%

vs 7.6% all industries

Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.

Lenders

Most active in this industry

Lender	Loans	Approved
The Huntington National Bank	300	$69.3M
Harvest Small Business Finance, LLC	27	$39.4M
Wells Fargo Bank	166	$37.6M
Empire State Certified Development Corporation	29	$36.5M
Byline Bank	25	$34.5M
Trenton Business Assistance Corporation	15	$26.9M
U.S. Bank	206	$26.1M
Enterprise Bank & Trust	27	$25.9M
JPMorgan Chase Bank	153	$23.6M
TD Bank	141	$21.9M

Geography

Where these loans were made

State	Loans	Share
California	513
New York	315
Ohio	269
Texas	194
New Jersey	144
Florida	141
Pennsylvania	137
Illinois	136

Approvals by fiscal year

’10

’11

’12

’13

’14

’15

’16

’17

’18

’19

’20

’21

’22

’23

’24

’25

’26

Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
28%
$50K - $150K
25%
$150K - $350K
17%
$350K - $1M
16%
$1M - $2M
9%
Over $2M
5%

Nearby

Other restaurants & hotels industries

See the sector

Full-Service Restaurants43,646 · $250,000 Limited-Service Restaurants29,225 · $288,000 Hotels (except Casino Hotels) and Motels19,493 · $1,804,000 Snack and Nonalcoholic Beverage Bars9,692 · $210,600 Full-Service Restaurants9,574 · $185,000 Drinking Places6,905 · $200,000 Limited-Service Restaurants6,127 · $201,000 Mobile Food Services2,789 · $45,000

Common questions

How much do SBA lenders typically lend to a caterers business?: The median SBA approval in NAICS 722320 is $125,000, with the middle 80% of loans between $20,000 and $1,300,000. Across all industries the median is $180,000.
Which lenders are most active in caterers?: By dollars approved: The Huntington National Bank, Harvest Small Business Finance, LLC, Wells Fargo Bank, Empire State Certified Development Corporation, Byline Bank. A lender's experience in your NAICS code matters - underwriters who have seen a hundred deals like yours ask better questions and move faster.
Is caterers considered a risky industry by SBA lenders?: Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 9.5% were charged off, versus 7.6% across all SBA lending. That is close to average.

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