Accommodation & Food Services
SBA Lenders for Restaurants & Food Service
Top lenders ranked by real SBA lending data for restaurants & food service nationwide.
What Borrowers Should Know
Restaurant loans in this market are priced 34 basis points better than the national 7(a) median. Your median spread is P+2.41% versus P+2.75% nationally. This suggests either stronger competition among 401 active lenders driving prices down, or lenders view restaurant credit quality as acceptable. Shop aggressively—the data shows room exists for favorable terms.
Three mega-banks (PNC, JPMorgan Chase, Wells Fargo) control 482 of 3,200 deals—just 15% of volume. The remaining 401 active lenders share 2,718 deals. This fragmented market means you have real alternatives. Community and regional banks dominate here, which often means more flexible underwriting and faster decisions than large national players.
Arizona accounts for 1,243 deals (39% of all restaurant SBA lending) while Alaska has only 249 despite similar population ratios. Geographic concentration this extreme suggests capital availability varies sharply by state. If you're in AZ, expect more lender choice and potentially tighter terms due to supply. If you're outside the top three states (AZ, AL, AR), prepare for fewer options and possibly higher pricing.
Total SBA Loans
120,202
Active Lenders
3,111
Avg Deal Size
$439K
Total Volume
$52.7B
Restaurants & Food Service SBA loans average $439K in deal size across 120,202 total loans. The median 7(a) spread in this segment is P + 2.24%.
Top Lenders for Restaurants & Food Service
Ranked by total deal count nationwide.
| # | Lender | Type | Deals | Avg Size | Spread | |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | Bank | 8,946 | $213K | P + 2.37%AVERAGE | |
| 2 | JPMorgan Chase Bank, National Association | Bank | 4,072 | $255K | P + 2.20%GOOD | |
| 3 | U.S. Bank, National Association | Bank | 3,411 | $157K | P + 2.12%GOOD | |
| 4 | Manufacturers and Traders Trust Company | Bank | 2,753 | $146K | P + 2.09%GOOD | |
| 5 | Wells Fargo Bank National Association | Bank | 2,719 | $287K | P + 2.54%AVERAGE | |
| 6 | TD Bank, National Association | Bank | 2,336 | $210K | P + 1.88%GOOD | |
| 7 | Bank of Hope | Bank | 1,823 | $372K | P + 2.05%GOOD | |
| 8 | PNC Bank, National Association | Bank | 1,800 | $282K | P + 1.87%GOOD | |
| 9 | KeyBank National Association | Bank | 1,760 | $308K | P + 2.26%AVERAGE | |
| 10 | Stearns Bank National Association | Bank | 1,171 | $365K | P + 2.64%AVERAGE | |
| 11 | Northeast Bank | Bank | 1,163 | $178K | P + 2.76%ABOVE AVG | |
| 12 | Truist Bank | Bank | 1,141 | $490K | P + 2.14%GOOD | |
| 13 | Newtek Bank, National Association | Bank | 1,108 | $417K | P + 3.09%ABOVE AVG | |
| 14 | Byline Bank | Bank | 1,034 | $855K | P + 2.67%AVERAGE | |
| 15 | Newtek Small Business Finance, Inc. | Non-Bank | 1,026 | $555K | P + 2.79%ABOVE AVG |
Top States for Restaurants & Food Service
Where restaurants & food service SBA lending is most active.