How much do SBA lenders typically lend to a limited-service restaurants business?

The median SBA approval in NAICS 722513 is $288,000, with the middle 80% of loans between $38,100 and $960,600. Across all industries the median is $180,000.

Which lenders are most active in limited-service restaurants?

By dollars approved: The Huntington National Bank, Live Oak Banking Company, Wells Fargo Bank, Byline Bank, Stearns 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 limited-service restaurants considered a risky industry by SBA lenders?

Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 10.6% were charged off, versus 7.6% across all SBA lending. That is materially above average, which in practice tends to mean tighter underwriting, more collateral, or a larger equity injection.

NAICS 722513 · Restaurants & Hotels

SBA loans for limited-service restaurants

29,225 SBA loans worth $12.68B have been approved in this industry since FY2010 - the #2 most-financed NAICS code in the country.

Median loan

$288,000

+60% vs all industries

Typical range

$38K-$961K

Middle 80%

Median rate

6.75%

7(a) initial note rate

Median term

10 yr

Charge-off rate

10.6%

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	2,460	$650.8M
Live Oak Banking Company	441	$462.3M
Wells Fargo Bank	720	$341.8M
Byline Bank	370	$280.5M
Stearns Bank	735	$248.6M
Banc of California	184	$185.5M
Bank Five Nine	216	$164.7M
JPMorgan Chase Bank	578	$161.3M
United Community Bank	217	$153.8M
KeyBank	393	$137.9M

Geography

Where these loans were made

State	Loans	Share
California	3,704
Texas	2,507
Florida	1,733
New York	1,523
Ohio	1,276
Georgia	1,270
Illinois	1,110
Michigan	1,080

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
12%
$50K - $150K
18%
$150K - $350K
29%
$350K - $1M
32%
$1M - $2M
7%
Over $2M
3%

Nearby

Other restaurants & hotels industries

See the sector

Full-Service Restaurants43,646 · $250,000 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 Caterers3,448 · $125,000 Mobile Food Services2,789 · $45,000

Common questions

How much do SBA lenders typically lend to a limited-service restaurants business?: The median SBA approval in NAICS 722513 is $288,000, with the middle 80% of loans between $38,100 and $960,600. Across all industries the median is $180,000.
Which lenders are most active in limited-service restaurants?: By dollars approved: The Huntington National Bank, Live Oak Banking Company, Wells Fargo Bank, Byline Bank, Stearns 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 limited-service restaurants considered a risky industry by SBA lenders?: Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 10.6% were charged off, versus 7.6% across all SBA lending. That is materially above average, which in practice tends to mean tighter underwriting, more collateral, or a larger equity injection.

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