Best SBA 7(a) lenders for limited-service restaurants
The top SBA 7(a) lenders for limited-service restaurants (NAICS 722513) are The Huntington National Bank, Live Oak Banking Company, Manufacturers and Traders Trust Company, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 11,949 loans totaling $5.65B to businesses in this industry. Average loan size: $473K. Average rate: 8.48%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 2.15%.
Loans
11,949
Total $
$5.65B
Avg loan
$473K
Avg rate
8.48%
Avg term
135 mo
Industry chg-off rate
2.15%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 1,484 | $359.0M | $242K | 9.33% | 2.97% |
| 2 | Live Oak Banking Company | 359 | $384.0M | $1.1M | 8.48% | 1.48% |
| 3 | Manufacturers and Traders Trust Company | 351 | $51.8M | $148K | 10.07% | 4.00% |
| 4 | U.S. Bank, National Association | 289 | $52.8M | $183K | 8.42% | 3.29% |
| 5 | Newtek Bank, National Association | 260 | $110.9M | $427K | 11.21% | 0.00% |
| 6 | Northeast Bank | 233 | $32.3M | $139K | 10.55% | 0.00% |
| 7 | KeyBank National Association | 211 | $88.6M | $420K | 8.33% | 1.31% |
| 8 | TD Bank, National Association | 205 | $58.1M | $284K | 10.10% | 9.01% |
| 9 | Readycap Lending, LLC | 181 | $84.2M | $465K | 11.45% | 0.00% |
| 10 | Cadence Bank | 167 | $80.6M | $483K | 8.45% | 1.00% |
| 11 | Bank of Hope | 154 | $61.5M | $399K | 7.89% | 5.62% |
| 12 | Wells Fargo Bank National Association | 154 | $90.4M | $587K | 8.65% | 4.35% |
| 13 | Celtic Bank Corporation | 142 | $85.2M | $600K | 9.53% | 1.82% |
| 14 | Byline Bank | 134 | $113.9M | $850K | 8.74% | 1.33% |
| 15 | Citizens Bank | 131 | $66.9M | $511K | 8.15% | 7.78% |
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 722513. Charge-off rates are calculated on the FY2020–FY2023 cohort only.