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NAICS 722 · food services and drinking places
SBA loans for restaurants and bars
114,716 SBA loans worth $48.05B were approved under NAICS 722 codes since FY2010: full-service and limited-service restaurants, snack and coffee bars, bars, caterers, food trucks and cafeterias together.
Median loan
$231,000
vs $180,000 all industries
Typical range
$25K-$1.0M
Middle 80%
Median rate
6.75%
7(a) initial note rate
Median term
10 yr
Charge-off rate
9.5%
50,590 resolved FY10-19 loans
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.
Inside NAICS 722
By type of restaurant
| Industry | NAICS | Loans | Approved | Volume |
|---|---|---|---|---|
| Full-Service Restaurants | 722511 | 43,646 | $21.26B | |
| Limited-Service Restaurants | 722513 | 29,225 | $12.68B | |
| Snack and Nonalcoholic Beverage Bars | 722515 | 9,692 | $3.14B | |
| Full-Service Restaurants | 722110 | 9,574 | $3.40B | |
| Drinking Places | 722410 | 6,905 | $2.82B | |
| Limited-Service Restaurants | 722211 | 6,127 | $1.91B | |
| Caterers | 722320 | 3,448 | $1.54B | |
| Mobile Food Services | 722330 | 2,789 | $285.2M | |
| Food Service Contractors | 722310 | 1,745 | $577.4M | |
| Snack and Nonalcoholic Beverage Bars | 722213 | 1,146 | $200.6M | |
| Cafeterias, Grill Buffets, and Buffets | 722514 | 361 | $232.1M | |
| Cafeterias, Grill Buffets, and Buffets | 722212 | 58 | $10.7M |
The SBA file uses both the 2007 NAICS codes (722110, 722211, 722212, 722213) and the 2012 codes that replaced them (722511, 722513, 722514, 722515), depending on when the loan was approved, so the same kind of restaurant can appear twice.
Lenders
Most active restaurant lenders
| Lender | Loans | Approved | Share |
|---|---|---|---|
| The Huntington National Bank | 10,045 | $2.38B | |
| Byline Bank | 1,044 | $900.0M | |
| JPMorgan Chase Bank | 3,724 | $784.9M | |
| Live Oak Banking Company | 679 | $730.6M | |
| Bank of Hope | 1,899 | $729.6M | |
| Wells Fargo Bank | 2,643 | $706.0M | |
| Newtek Bank | 1,651 | $579.2M | |
| Newtek Small Business Finance, Inc. | 1,020 | $564.5M | |
| Celtic Bank Corporation | 1,048 | $559.3M | |
| Readycap Lending, LLC | 1,027 | $546.3M | |
| U.S. Bank | 3,500 | $518.0M | |
| KeyBank | 1,724 | $501.9M | |
| PNC Bank | 1,772 | $491.2M | |
| Truist Bank | 1,042 | $484.2M | |
| Enterprise Bank & Trust | 555 | $471.9M |
Ranked by dollars approved under NAICS 722.
Geography
Where restaurant loans were made
| State | Loans | Share |
|---|---|---|
| California | 14,213 | |
| Texas | 8,624 | |
| New York | 7,170 | |
| Ohio | 6,121 | |
| Florida | 5,747 | |
| Illinois | 4,398 | |
| Pennsylvania | 4,211 | |
| Michigan | 4,179 | |
| Georgia | 3,909 | |
| New Jersey | 3,676 |
State links go to the state’s accommodation and food services page (NAICS 72).
An SBA 7(a) lender for loans this size
63% of the SBA loans approved to restaurants and bars since FY2010 were under $350,000. SmartBiz makes SBA 7(a) loans up to $500,000. It is shown here as a separate, labelled option, outside the data rankings on this page. You apply on their site - we do not take applications and never see your information.
Check options with SmartBizWe may be paid if you apply through this link. It does not change what we publish, and no lender can buy a place in our rankings. Details.
Franchise brands with the most restaurant SBA loans
| Franchise brand | Loans | Approved | Share |
|---|---|---|---|
| Subway | 1,898 | $495.4M | |
| Jimmy John's | 875 | $416.4M | |
| Firehouse Subs | 613 | $198.6M | |
| Little Caesars | 562 | $255.8M | |
| Domino's Pizza | 542 | $318.0M | |
| Marco's Pizza | 479 | $177.2M | |
| Dunkin' | 428 | $305.3M | |
| Culver's ButterBurgers & Frozen Custard | 382 | $551.9M | |
| Tropical Smoothie Cafe | 379 | $165.7M | |
| Smoothie King | 377 | $133.8M | |
| Jersey Mike’s Subs; Jersey Mike’s | 332 | $159.4M | |
| Scooter's Coffee | 321 | $314.8M | |
| Zaxby's | 282 | $308.1M | |
| Biggby Coffee | 279 | $78.7M | |
| Dairy Queen | 276 | $133.3M |
8,025 of the 114,716 NAICS 722 loans went to these 15 brands. Brands need at least 10 SBA loans to have a page. Every franchise brand.
Approvals by fiscal year
Loan count by fiscal year. Final bar is a partial year.
Loan sizes
- Under $50K16%
- $50K - $150K21%
- $150K - $350K26%
- $350K - $1M27%
- $1M - $2M7%
- Over $2M3%
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Every 7(a) and 504 approval from FY2010 onward whose NAICS code begins 722. Methodology.
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