Best SBA 7(a) lenders for full-service restaurants
The top SBA 7(a) lenders for full-service restaurants (NAICS 722511) are The Huntington National Bank, Newtek Bank, National Association, Northeast Bank, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 16,354 loans totaling $8.63B to businesses in this industry. Average loan size: $528K. Average rate: 8.70%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 2.06%.
Loans
16,354
Total $
$8.63B
Avg loan
$528K
Avg rate
8.70%
Avg term
143 mo
Industry chg-off rate
2.06%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 1,851 | $450.0M | $243K | 8.60% | 2.44% |
| 2 | Newtek Bank, National Association | 536 | $248.3M | $463K | 11.19% | 0.00% |
| 3 | Northeast Bank | 523 | $84.6M | $162K | 10.92% | 10.71% |
| 4 | U.S. Bank, National Association | 506 | $68.9M | $136K | 8.24% | 5.66% |
| 5 | Manufacturers and Traders Trust Company | 488 | $67.5M | $138K | 10.07% | 5.46% |
| 6 | Readycap Lending, LLC | 374 | $233.0M | $623K | 11.24% | 1.98% |
| 7 | TD Bank, National Association | 367 | $74.9M | $204K | 10.37% | 5.73% |
| 8 | Bank of Hope | 329 | $171.9M | $522K | 8.32% | 3.43% |
| 9 | KeyBank National Association | 312 | $109.9M | $352K | 8.96% | 1.46% |
| 10 | Newtek Small Business Finance, Inc. | 224 | $163.5M | $730K | 7.98% | 0.89% |
| 11 | Celtic Bank Corporation | 221 | $165.6M | $749K | 9.43% | 7.32% |
| 12 | Wells Fargo Bank National Association | 202 | $70.3M | $348K | 10.07% | 10.89% |
| 13 | JPMorgan Chase Bank, National Association | 202 | $61.7M | $305K | 10.49% | 7.95% |
| 14 | BayFirst National Bank | 199 | $71.9M | $361K | 10.72% | 3.38% |
| 15 | Hanmi Bank | 189 | $124.3M | $657K | 8.39% | 1.83% |
Get matched with SBA lenders — free
Tell us a bit about your funding need. We'll connect you to SBA-preferred lenders active in your industry and state. No obligation.
Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 722511. Charge-off rates are calculated on the FY2020–FY2023 cohort only.