Industry · SBA lending record
SBA loans for full-service restaurants
87,747 SBA 7(a) loans since 2010. What they were for, how big, how long, and how often they went wrong.
How this industry compares
defaulted within 7 yearsDefault rate is not a judgement on the industry. It tells you how a lender will price your risk, and how much cushion you should build in.
When borrowers got into trouble
share of failures by yearTrouble rarely arrives in year one. It arrives when the opening cash is gone — which is an argument for borrowing more working capital, not less.
What this means for your application
A typical loan here runs $203k over 10 years. If you are asking for far more than that, expect harder questions and a longer file. If far less, check which lenders will even take it — many won't go below $150,000.
Find lenders by smallest loan → Check the numbers work →
SBA 504 lending in Full-Service Restaurants
504 FOIA recordWhere a 7(a) loan covers working capital and general use, the 504 program funds the owner-occupied property and heavy equipment side — a bank first mortgage plus a fixed-rate second through a Certified Development Company. Here is the 504 record for full-service restaurants.
CDCs funding full-service restaurants most
- Florida Business Development Corporation — 491 loans
- Granite State Economic Development Corporation — 464 loans
- Empire State Certified Development Corporation — 394 loans
- Florida First Capital Finance Corporation, Inc. — 392 loans
- Mortgage Capital Development Corporation — 370 loans
- Small Business Growth Corporation — 365 loans
Most 504 loans for full-service restaurants are in California, Florida, Illinois, Texas.
Match with a CDC → How 504 works → Guide: SBA loan for a restaurant →