Which lenders are a good match for a Full-Service Restaurant SBA loan?
Full-Service Restaurant project state SBA 7(a) loan approvals in 2020.
Full-Service Restaurants Industry Highlights
In 2020 the Full-Service Restaurants industry ranked #1 in SBA 7(a) number of loan approvals and was the #3 ranked industry for loan approval amounts.
All-time there have been 2,693 lenders who have approved 67,497 SBA 7(a) loan approvals to Full-Service Restaurant businesses for $19,736,238,857. Loan approvals went to borrowers from 8,052 cities for projects in 50 states.
In 2020 Full-Service Restaurants businesses received 1,551 SBA 7(a) loan approvals from 428 lenders for $690,459,206. The average loan approval amount in 2020 was $445,170. Approvals went to borrowers from 923 cities for projects in 50 states.
For 2020 franchised Full-Service Restaurants SBA lending there were 118 lenders who approved 256 SBA 7(a) loans for $142,321,988 for an average loan amount of $555,945.
Our forecast model projects the Full-Service Restaurant industry receiving $755 million in SBA 7(a) approvals in 2021.
Read our Industry page on Full-Service Restaurants SBA lending for a full report, but below are a few highlights:
Historical SBA 7(a) Lending for Full-Service Restaurants
2020 Top 25 SBA Lenders
Full-Service Restaurants
Loan Approvals
Approval Amounts
Full-Service Restaurants SBA 7(a) Loan Amounts
Average SBA 7(a) loan approval amount in 2020 was $445,170.
65.7% of approved loans in 2020 were for loan amounts up to $350,000.
41.59% of approved loans in 2020 were for loan amounts up to $150,000.
12% of approved loans in 2020 were for loan amounts over $1 million.
4.2% of loan approvals were for multi-million loan amounts.
Full-Service Restaurants SBA 7(a) Lending Forecast
Our forecast model projects the Full-Service Restaurant industry receiving $755 million in SBA 7(a) approvals in 2021.
See our full (and free) SBA report on Full-Service Restaurants
This report has about everything a small business owner would want to know about SBA 7(a) loans to Full-Service Restaurants. See the 2020 top ranked lenders and franchise brands by loan amounts, default data, our SBA lending forecasts, the top project states and borrower cities, and more.
